Registration number: 05977621

Home and Beauty Limited

(Registration number: 05977621)

Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	3	65,832	5,548
Investments	4	8,550	8,550
		74,382	14,098
Current assets
Stocks		1,365,566	1,461,951
Debtors	5	1,094,431	524,206
Cash at bank and in hand		142,088	72,691
		2,602,085	2,058,848
Creditors: Amounts falling due within one year	6	(2,296,108)	(1,488,845)
Net current assets		305,977	570,003
Total assets less current liabilities		380,359	584,101
Creditors: Amounts falling due after more than one year	6	(13,200)	-
Provisions for liabilities		(12,500)	-
Net assets		354,659	584,101
Capital and reserves
Called up share capital		22	22
Retained earnings		354,637	584,079
Shareholders' funds		354,659	584,101

Home and Beauty Limited

(Registration number: 05977621)

Balance Sheet as at 31 December 2024 (continued)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 24 September 2025 and signed on its behalf by:
 

.........................................

Mr N A Warren

Director

Home and Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	Accounting policies

Statutory information

Home and Beauty Limited is a private company, limited by shares, domiciled in England and Wales, company number 05977621. The registered office is at 3b Parkway Close, Sheffield, S9 4WJ.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 102 Section 1A Small Entities. 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There has been no material depature from this standard.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Revenue is recognised at the point of sale or upon delivery of goods.

Home and Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

1	Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is charged so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold improvements	over the period of the lease
Fixtures & fittings	20-25% reducing balance
Plant & machinery	10% straight line
Office equipment	20% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Leases

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the term of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

Home and Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 6).

3	Tangible assets

	Leasehold improvements £	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 January 2024	-	5,914	-	10,098	16,012
Additions	17,017	29,650	18,000	673	65,340
Disposals	-	(1,558)	-	(898)	(2,456)
At 31 December 2024	17,017	34,006	18,000	9,873	78,896
Depreciation
At 1 January 2024	-	3,722	-	6,742	10,464
Charge for the year	296	2,476	600	1,605	4,977
Eliminated on disposal	-	(1,479)	-	(898)	(2,377)
At 31 December 2024	296	4,719	600	7,449	13,064
Carrying amount
At 31 December 2024	16,721	29,287	17,400	2,424	65,832
At 31 December 2023	-	2,192	-	3,356	5,548

4	Investments

	2024 £	2023 £
Investments in subsidiaries at cost	8,550	8,550