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REGISTERED NUMBER: 06888723 (England and Wales)





















HOMELAND FLORISTS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025






HOMELAND FLORISTS LIMITED (REGISTERED NUMBER: 06888723)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


HOMELAND FLORISTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2025







DIRECTOR: Mrs L Hutchings





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 06888723 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

HOMELAND FLORISTS LIMITED (REGISTERED NUMBER: 06888723)

BALANCE SHEET
31 MAY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 62,174 85,632
62,174 85,632

CURRENT ASSETS
Stocks 60,498 60,498
Debtors 6 8,950 7,177
Cash at bank and in hand 5,755 1,524
75,203 69,199
CREDITORS
Amounts falling due within one year 7 397,123 361,592
NET CURRENT LIABILITIES (321,920 ) (292,393 )
TOTAL ASSETS LESS CURRENT LIABILITIES (259,746 ) (206,761 )

CREDITORS
Amounts falling due after more than one
year

8

20,500

57,933
NET LIABILITIES (280,246 ) (264,694 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (280,247 ) (264,695 )
SHAREHOLDERS' FUNDS (280,246 ) (264,694 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

HOMELAND FLORISTS LIMITED (REGISTERED NUMBER: 06888723)

BALANCE SHEET - continued
31 MAY 2025


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





Mrs L Hutchings - Director


HOMELAND FLORISTS LIMITED (REGISTERED NUMBER: 06888723)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025


1. STATUTORY INFORMATION

Homeland Florists Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its remaining estimated useful life of 5 years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


HOMELAND FLORISTS LIMITED (REGISTERED NUMBER: 06888723)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2025


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Going concern
The balance sheet shows a deficit on shareholders funds at 31 May 2024. The company's trading results are improving and the director is confident that the company will be able to maintain positive cash flows for the foreseeable future. As a result the going concern basis of accounting has been adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2024
and 31 May 2025 5,000
AMORTISATION
At 1 June 2024
and 31 May 2025 5,000
NET BOOK VALUE
At 31 May 2025 -
At 31 May 2024 -

HOMELAND FLORISTS LIMITED (REGISTERED NUMBER: 06888723)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2025


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Website Totals
£    £    £    £    £   
COST
At 1 June 2024
and 31 May 2025 670 13,431 82,119 66,169 162,389
DEPRECIATION
At 1 June 2024 638 11,140 23,556 41,423 76,757
Charge for year 6 458 11,713 11,281 23,458
At 31 May 2025 644 11,598 35,269 52,704 100,215
NET BOOK VALUE
At 31 May 2025 26 1,833 46,850 13,465 62,174
At 31 May 2024 32 2,291 58,563 24,746 85,632

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,871 1,215
Prepayments and accrued income 7,079 5,962
8,950 7,177

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 57,154 70,994
Trade creditors 119,302 98,638
PAYE and NI contributions 565 26,697
VAT 12,756 27,172
Other creditors 23,308 58,751
Directors' current accounts 184,038 79,340
397,123 361,592

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 2-5 years 20,500 57,933

HOMELAND FLORISTS LIMITED (REGISTERED NUMBER: 06888723)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2025


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1 Ordinary £1 1 1