REGISTERED NUMBER: 14070106 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Home Flooring Direct Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P Spreadbury

A Nevin

REGISTERED OFFICE:

Tynecastle House

Station Road

Prudhoe

Northumberland

NE42 6NP

REGISTERED NUMBER:

14070106 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Intangible assets

4

5,959

5,019

Tangible assets

5

8,445

11,471

14,404

16,490

CURRENT ASSETS

Debtors

6

15,969

17,961

Cash at bank

104,320

81,031

120,289

98,992

CREDITORS

Amounts falling due within one year

7

(34,439

)

(23,606

)

NET CURRENT ASSETS

85,850

75,386

TOTAL ASSETS LESS CURRENT LIABILITIES

100,254

91,876

CREDITORS

Amounts falling due after more than one year

8

(40,000

)

(40,000

)

PROVISIONS FOR LIABILITIES

9

(3,601

)

-

NET ASSETS

56,653

51,876

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

56,553

51,776

SHAREHOLDERS' FUNDS

56,653

51,876

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

J P Spreadbury - Director

1.	STATUTORY INFORMATION

Home Flooring Direct 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.

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

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

Income is recognised when the conditions contained within a contract for services have been met.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

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

-

25% on cost

Fixtures and fittings

-

33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

7,550

Additions

3,770

At 31 December 2024

11,320

AMORTISATION

At 1 January 2024

2,531

Amortisation for year

2,830

At 31 December 2024

5,361

NET BOOK VALUE

At 31 December 2024

5,959

At 31 December 2023

5,019

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

11,400

1,373

12,773

Additions

-

290

290

At 31 December 2024

11,400

1,663

13,063

DEPRECIATION

At 1 January 2024

1,188

114

1,302

Charge for year

2,850

466

3,316

At 31 December 2024

4,038

580

4,618

NET BOOK VALUE

At 31 December 2024

7,362

1,083

8,445

At 31 December 2023

10,212

1,259

11,471

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,718

-

Amounts owed by associates

1,116

-

Other debtors

100

4,265

Prepayments and accrued income

10,035

13,696

15,969

17,961

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,612

7,768

Taxation and social security

14,972

-

Accruals and deferred income

15,855

15,838

34,439

23,606

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Directors' loan accounts

40,000

40,000

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

3,601

-

Deferred

tax

£

Provided during year

3,601

Balance at 31 December 2024

3,601

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

75

Ordinary A

£1

75

75

25

Ordinary B

£1

25

25

100

100