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Registered number: 8306499
Home Inspirations (SW) Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
C T B Book Keeping Limited
29 Looe Street
The Barbican
Plymouth
PL4 0EA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 8306499
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,000 4,000
Tangible Assets 5 95,652 112,667
99,652 116,667
CURRENT ASSETS
Stocks 6 29,044 32,899
Debtors 7 94,491 101,095
Cash at bank and in hand 28,480 43,111
152,015 177,105
Creditors: Amounts Falling Due Within One Year 8 (161,939 ) (161,160 )
NET CURRENT ASSETS (LIABILITIES) (9,924 ) 15,945
TOTAL ASSETS LESS CURRENT LIABILITIES 89,728 132,612
Creditors: Amounts Falling Due After More Than One Year 9 (84,202 ) (112,831 )
NET ASSETS 5,526 19,781
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 5,525 19,780
SHAREHOLDERS' FUNDS 5,526 19,781
Page 1
Page 2
For the year ending 30 November 2024 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 his 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
Mr Ashley Rice
Director
27/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Home Inspirations (SW) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 8306499 . The registered office is 29 Looe Street, Plymouth, PL4 0EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold Infinite
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 3 4
4 5
4. Intangible Assets
Other
£
Cost
As at 1 December 2023 4,000
As at 30 November 2024 4,000
Net Book Value
As at 30 November 2024 4,000
As at 1 December 2023 4,000
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 December 2023 27,597 77,422 195,720 300,739
As at 30 November 2024 27,597 77,422 195,720 300,739
Depreciation
As at 1 December 2023 - 59,564 128,508 188,072
Provided during the period - 3,572 13,443 17,015
As at 30 November 2024 - 63,136 141,951 205,087
Net Book Value
As at 30 November 2024 27,597 14,286 53,769 95,652
As at 1 December 2023 27,597 17,858 67,212 112,667
6. Stocks
2024 2023
£ £
Materials 4,010 8,000
Work in progress 25,034 24,899
29,044 32,899
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 45,304 66,585
Prepayments and accrued income 254 254
Other debtors 35,808 25,454
VAT 13,125 8,802
94,491 101,095
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 140,096 135,264
Bank loans and overdrafts 19,393 23,446
Accruals and deferred income 2,450 2,450
161,939 161,160
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 48,095 63,528
Bank loans 16,667 26,667
Directors loan account 19,440 22,636
84,202 112,831
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 48,095 63,528
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
12. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Ashley Rice - 20,000
13. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 20,000
14. Ultimate Controlling Party
The company's ultimate controlling party is Ashley Rice by virtue of his ownership of 100% of the issued share capital in the company.
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