REGISTERED NUMBER: 04220689 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Total Home Environment Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M C Hunt

REGISTERED OFFICE:

Kenton House

Oxford Street

Moreton-in-Marsh

GL56 0LA

REGISTERED NUMBER:

04220689 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

Chartered Accountants

Kenton House

Oxford Street

Moreton-in-Marsh

Gloucestershire

GL56 0LA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

625,848

501,365

625,848

501,365

CURRENT ASSETS

Stocks

184,979

210,000

Debtors

6

188,680

294,638

Cash at bank and in hand

190,258

192,434

563,917

697,072

CREDITORS

Amounts falling due within one year

7

365,298

370,020

NET CURRENT ASSETS

198,619

327,052

TOTAL ASSETS LESS CURRENT LIABILITIES

824,467

828,417

CREDITORS

Amounts falling due after more than one year

8

(328,865

)

(484,096

)

PROVISIONS FOR LIABILITIES

(75,953

)

(43,061

)

NET ASSETS

419,649

301,260

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

11

129,547

129,547

Retained earnings

289,102

170,713

419,649

301,260

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 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 18 September 2025 and were signed by:

M C Hunt - Director

1.	STATUTORY INFORMATION

Total Home Environment 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.

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 2005, is being amortised evenly over its estimated useful life of ten 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.

Freehold property

-

2% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

15% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

50,000

AMORTISATION

At 1 January 2024

and 31 December 2024

50,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2024

475,800

40,000

44,730

Additions

-

-

7,200

At 31 December 2024

475,800

40,000

51,930

DEPRECIATION

At 1 January 2024

57,795

4,000

35,783

Charge for year

6,423

800

4,262

At 31 December 2024

64,218

4,800

40,045

NET BOOK VALUE

At 31 December 2024

411,582

35,200

11,885

At 31 December 2023

418,005

36,000

8,947

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

59,080

34,127

48,033

701,770

Additions

11,011

140,418

10,742

169,371

At 31 December 2024

70,091

174,545

58,775

871,141

DEPRECIATION

At 1 January 2024

55,451

12,083

35,293

200,405

Charge for year

1,688

26,182

5,533

44,888

At 31 December 2024

57,139

38,265

40,826

245,293

NET BOOK VALUE

At 31 December 2024

12,952

136,280

17,949

625,848

At 31 December 2023

3,629

22,044

12,740

501,365

Included in cost of land and buildings is freehold land of £ 154,634 (2023 - £ 154,634 ) which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

110,419

213,938

Other debtors

78,261

80,700

188,680

294,638

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

4,994

17,767

Trade creditors

72,224

45,264

Taxation and social security

25,352

19,692

Other creditors

262,728

287,297

365,298

370,020

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

129,897

285,128

Other creditors

198,968

198,968

328,865

484,096

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

84,891

239,892

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

-

3,614

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Mortgage

134,891

278,729

The loans have been provided by Lloyds Bank Plc and are secured by a debenture on the company and a fixed and floating charge over Swallow House, Cotswold Business Village, London Road, Moreton-in-Marsh, GL56 0JQ.

11.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

129,547

12.	RELATED PARTY DISCLOSURES