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REGISTERED NUMBER: 14452258 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Customhaus Ltd

Customhaus Ltd (Registered number: 14452258)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Customhaus Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: K Venghaus
K Venghaus





SECRETARY: K Venghaus





REGISTERED OFFICE: Unit 4 Watson Site
Braydon Lane
Chelworth Industrial Estate
Cricklade
SN6 6HQ





REGISTERED NUMBER: 14452258 (England and Wales)

Customhaus Ltd (Registered number: 14452258)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,039 1,169
Tangible assets 5 46,461 43,171
47,500 44,340

CURRENT ASSETS
Stocks 11,240 -
Debtors 6 212,029 178,022
Cash at bank 50,861 127,743
274,130 305,765
CREDITORS
Amounts falling due within one year 7 207,509 187,344
NET CURRENT ASSETS 66,621 118,421
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,121

162,761

PROVISIONS FOR LIABILITIES 11,615 10,793
NET ASSETS 102,506 151,968

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 102,505 151,967
102,506 151,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Customhaus Ltd (Registered number: 14452258)

Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by:




K Venghaus - Director



K Venghaus - Director


Customhaus Ltd (Registered number: 14452258)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Customhaus Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The Company recognises revenue when the following conditions are satisfied:
i. the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
ii. the Company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;
iii. the amount of revenue can be measured reliably;
iv. it is probable that the economic benefits associated with the transaction can be measured reliably.

Sale of goods and services
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customer in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Depreciation and residual values
Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life as follows:

Plant and machinery - 20% Straight line
Fixtures and fittings - 20% Straight Line
Computer equipment - 33% Straight line
Motor vehicles - 25% Reducing balance

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Customhaus Ltd (Registered number: 14452258)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amount expected to be paid to the tax authorities.

Deferred tax
Deferred tax arises from timing differences that are differences between taxable profit and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessment in periods different from those in which are recognised in financial statements.

Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 November 2023
and 31 October 2024 1,299
AMORTISATION
At 1 November 2023 130
Amortisation for year 130
At 31 October 2024 260
NET BOOK VALUE
At 31 October 2024 1,039
At 31 October 2023 1,169

Customhaus Ltd (Registered number: 14452258)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 26,148 1,207 27,720 1,074 56,149
Additions 1,639 - 17,190 - 18,829
At 31 October 2024 27,787 1,207 44,910 1,074 74,978
DEPRECIATION
At 1 November 2023 5,230 241 6,930 577 12,978
Charge for year 5,557 242 9,495 245 15,539
At 31 October 2024 10,787 483 16,425 822 28,517
NET BOOK VALUE
At 31 October 2024 17,000 724 28,485 252 46,461
At 31 October 2023 20,918 966 20,790 497 43,171

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 145,697 147,190
Other debtors 7,125 7,125
Tax 15,474 -
Prepayments and accrued income 43,733 23,707
212,029 178,022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,479 11,733
Tax - 34,935
Social security and other taxes 5,402 6,736
Pension - 1,725
VAT 26,135 35,054
Directors' current accounts 13,451 21,328
Accruals and deferred income 148,842 71,833
Accrued expenses 4,200 4,000
207,509 187,344