REGISTERED NUMBER: 05517045 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

HOMESTYLE (GB) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Loveless

SECRETARY:

M J Loveless

REGISTERED OFFICE:

C/O Scandinavian Pine

Road 3 Winsford Industrial Estate

Winsford

Cheshire

CW7 3PD

REGISTERED NUMBER:

05517045 (England and Wales)

ACCOUNTANTS:

Michael Donnan & Co Limited

Oaktree Court Business Ctr

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Intangible assets

4

-

5,381

Tangible assets

5

200,295

203,542

200,295

208,923

CURRENT ASSETS

Stocks

996,201

1,185,156

Debtors

6

457,285

431,531

Cash at bank and in hand

646,549

476,085

2,100,035

2,092,772

CREDITORS

Amounts falling due within one year

7

1,337,400

1,392,175

NET CURRENT ASSETS

762,635

700,597

TOTAL ASSETS LESS CURRENT LIABILITIES

962,930

909,520

CREDITORS

Amounts falling due after more than one year

8

(46,667

)

(126,667

)

PROVISIONS FOR LIABILITIES

(50,000

)

(51,000

)

NET ASSETS

866,263

731,853

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

866,262

731,852

SHAREHOLDERS' FUNDS

866,263

731,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 19 August 2025 and were signed by:

M J Loveless - Director

1.	STATUTORY INFORMATION

Homestyle (GB) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Transactions are rounded to the nearest £.

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 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets at the following annual rates in order to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

107,665

AMORTISATION

At 1 February 2024

102,284

Charge for year

5,381

At 31 January 2025

107,665

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

5,381

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2024

36,219

131,230

54,167

Additions

-

-

825

Disposals

-

-

-

At 31 January 2025

36,219

131,230

54,992

DEPRECIATION

At 1 February 2024

26,397

66,664

40,335

Charge for year

1,473

6,457

2,137

Eliminated on disposal

-

-

-

At 31 January 2025

27,870

73,121

42,472

NET BOOK VALUE

At 31 January 2025

8,349

58,109

12,520

At 31 January 2024

9,822

64,566

13,832

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

152,365

63,621

437,602

Additions

39,390

4,817

45,032

Disposals

(38,900

)

-

(38,900

)

At 31 January 2025

152,855

68,438

443,734

DEPRECIATION

At 1 February 2024

68,771

31,893

234,060

Charge for year

22,627

10,896

43,590

Eliminated on disposal

(34,211

)

-

(34,211

)

At 31 January 2025

57,187

42,789

243,439

NET BOOK VALUE

At 31 January 2025

95,668

25,649

200,295

At 31 January 2024

83,594

31,728

203,542

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Trade debtors

68,841

82,376

Other debtors

71,101

96,760

Supplier deposits

292,173

236,099

Prepayments and accrued income

25,170

16,296

457,285

431,531

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans and overdrafts

79,999

79,999

Trade creditors

87,296

94,754

Tax

65,082

40,012

Social security and other taxes

4,687

-

VAT

128,086

66,035

Other creditors

35,403

118,401

Directors' current accounts

891,055

946,055

Accrued expenses

45,792

46,919

1,337,400

1,392,175

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans - 1-2 years

46,667

80,000

Bank loans - 2-5 years

-

46,667

46,667

126,667

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/1/25

31/1/24

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 February 2024

731,852

Profit for the year

134,410

At 31 January 2025

866,262

11.	RELATED PARTY DISCLOSURES

At the reporting date, the company owed the director £891,055 (2024: £946,055) which attracts interest at a commercial rate and is repayable on demand.