Homestyle Plastics Limited Filleted Accounts Cover
Homestyle Plastics Limited
Company No. 04310649
Information for Filing with The Registrar
31 December 2024
Homestyle Plastics Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2024.
Principal activities
The principal activity of the company during the year under review was supplying and installing plastic building products.
Directors
The Directors who served at any time during the year were as follows:
D. Haines
P. Lambe
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
P. Lambe
Director
19 September 2025
Homestyle Plastics Limited Balance Sheet Registrar
at
31 December 2024
Company No.
04310649
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
382,026387,796
382,026387,796
Current assets
Stocks
5
4,5004,500
Debtors
6
600,085499,502
Cash at bank and in hand
181,708128,568
786,293632,570
Creditors: Amount falling due within one year
7
(520,557)
(327,949)
Net current assets
265,736304,621
Total assets less current liabilities
647,762692,417
Creditors: Amounts falling due after more than one year
8
(34,693)
(65,267)
Provisions for liabilities
Deferred taxation
(9,681)
(9,681)
Net assets
603,388617,469
Capital and reserves
Called up share capital
1010
Revaluation reserve
10
77,47277,472
Profit and loss account
10
525,906539,987
Total equity
603,388617,469
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 19 September 2025 and signed on its behalf by:
P. Lambe
Director
19 September 2025
Homestyle Plastics Limited Notes to the Accounts Registrar
for the year ended 31 December 2024
1
General information
Homestyle Plastics Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 04310649
Its registered office is:
Its trading address is:
Angel House
2a Thorney Leys Park
Hardwick
Witney
Witney
Oxon
Oxfordshire
OX29 7QE
OX28 4GE
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
15% Reducing balance
Furniture, fittings and equipment
15% Reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
67
4
Tangible fixed assets
Land and buildings
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 January 2024
375,00256,309121,489552,800
At 31 December 2024
375,00256,309121,489552,800
Depreciation
At 1 January 2024
-50,264114,740165,004
Charge for the year
-9074,8635,770
At 31 December 2024
-51,171119,603170,774
Net book values
At 31 December 2024
375,0025,1381,886382,026
At 31 December 2023
375,002
6,045
6,749
387,796
5
Stocks
2024
2023
£
£
Raw materials and consumables
4,5004,500
4,5004,500
6
Debtors
2024
2023
£
£
Trade debtors
8425,140
Amounts owed by group undertakings
516,330486,330
Corporation tax recoverable
6,8606,860
Other debtors
444476
Prepayments and accrued income
75,609696
600,085499,502
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
30,53930,539
Other loans
2,6391,308
Trade creditors
90,85138,646
Amounts owed to group undertakings
267,944
244,904
Taxes and social security
60,090
40,197
Loans from directors
(1,386)
(73,386)
Other creditors
62,68038,543
Accruals and deferred income
7,2007,198
520,557327,949
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
34,69365,267
34,69365,267
9
Share Capital
Ten Ordinary £1 Shares issued and fully paid
10
Reserves
Revaluation Reserve
Total other reserves
£
£
At 1 January 2023
77,472
77,472
At 31 December 2023 and 1 January 2024
77,472
77,472
At 31 December 2024
77,47277,472
Revaluation reserve - reflects the revaluation of property other than investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
11
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
116,500
104,500
116,500
104,500
Dividends by type:
Equity dividends
116,500104,500
116,500
104,500
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