REGISTERED NUMBER: 08547288 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

HOME INNOVATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R L Lavender

REGISTERED OFFICE:

Unit K

Tweedale Industrial Estate

Madeley

Telford

TF7 4JR

REGISTERED NUMBER:

08547288 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Plant and equipment

4

2,636

3,401

CURRENT ASSETS

Inventories

205,000

255,527

Debtors

5

3,930

18,407

Cash at bank

1,340

10,679

210,270

284,613

CREDITORS

Amounts falling due within one year

6

371,932

288,543

NET CURRENT LIABILITIES

(161,662

)

(3,930

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(159,026

)

(529

)

CREDITORS

Amounts falling due after more than one year

7

-

10,000

NET LIABILITIES

(159,026

)

(10,529

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(159,126

)

(10,629

)

SHAREHOLDERS' FUNDS

(159,026

)

(10,529

)

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 his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:

R L Lavender - Director

1.	STATUTORY INFORMATION

Home Innovations 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, excluding discounts, rebates, value added tax and other sales taxes.

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

-

10% on cost

Fixtures and fittings

-

10% on cost

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-making stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For long term finance they utilise the loans provided by the director and other external loan providers, as disclosed in Note 6. In assessing going concern they have assumed that these loans will not be repaid for the foreseeable future and, on that basis, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	PLANT AND EQUIPMENT

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

Cost

At 1 June 2024

and 31 May 2025

3,849

3,798

7,647

Depreciation

At 1 June 2024

1,572

2,674

4,246

Charge for year

385

380

765

At 31 May 2025

1,957

3,054

5,011

Net book value

At 31 May 2025

1,892

744

2,636

At 31 May 2024

2,277

1,124

3,401

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by participating interests

24

4,821

Other debtors

3,906

13,586

3,930

18,407

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

2,361

7,505

Amounts owed to participating interests

25,002

-

Other creditors

334,569

271,038

371,932

288,543

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

10,000

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is £270,185 (2024 - £207,025) owed to the director of the company, this loan is unsecured, interest free and repayable on demand.