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Registered number: 08367740
Happy At Home (Bromley) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
The Aylmer-Kelly Partnership LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08367740
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 7,167 9,620
7,167 9,620
CURRENT ASSETS
Debtors 6 845,119 1,093,459
Cash at bank and in hand 309,086 131,753
1,154,205 1,225,212
Creditors: Amounts Falling Due Within One Year 7 (593,588 ) (494,743 )
NET CURRENT ASSETS (LIABILITIES) 560,617 730,469
TOTAL ASSETS LESS CURRENT LIABILITIES 567,784 740,089
Creditors: Amounts Falling Due After More Than One Year 8 - (30,166 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,791 ) (2,406 )
NET ASSETS 565,993 707,517
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 565,893 707,417
SHAREHOLDERS' FUNDS 565,993 707,517
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Karina Brown
Director
09/07/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Happy At Home (Bromley) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08367740 . The registered office is 76 Croydon Road, West Wickham, BR4 9HY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is the franchise licence which is being amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% Straight Line
Computer Equipment 33% Straight Line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Government Assistance
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 104 (2024: 90)
104 90
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 35,000
As at 31 March 2025 35,000
Amortisation
As at 1 April 2024 35,000
As at 31 March 2025 35,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 19,089 28,513 47,602
Additions - 1,989 1,989
As at 31 March 2025 19,089 30,502 49,591
Depreciation
As at 1 April 2024 11,699 26,283 37,982
Provided during the period 2,203 2,239 4,442
As at 31 March 2025 13,902 28,522 42,424
Net Book Value
As at 31 March 2025 5,187 1,980 7,167
As at 1 April 2024 7,390 2,230 9,620
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 270,402 240,830
Other debtors 244,528 245,478
Director's loan account 330,189 607,151
845,119 1,093,459
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 35,478 27,726
Corporation tax 156,358 131,514
Other taxes and social security 66,905 38,972
Other creditors 324,375 278,250
Accruals and deferred income 10,472 18,281
593,588 494,743
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors - 30,166
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Other Creditors 30,166 58,479
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 33,600 33,600
Later than one year and not later than five years 33,600 67,200
67,200 100,800
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12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mrs Karina Brown 607,150 330,225 607,186 - 330,189
The above loan is unsecured and repayable on demand.
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