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COMPANY REGISTRATION NUMBER: 04589085

HOME STYLE IMPROVEMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

HOME STYLE IMPROVEMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		4,217		13,235

CURRENT ASSETS

Stocks		200,056	396,692
Debtors	6	16,561	110,286
Cash at bank and in hand		66,498	119,084
		---------	---------
		283,115	626,062

CREDITORS: amounts falling due within one year	7	29,531		89,368
		---------		---------
NET CURRENT ASSETS			253,584		536,694
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			257,801		549,929

CREDITORS: amounts falling due after more than one year	8		–		196,817

PROVISIONS	1,659	3,314
	---------	---------
NET ASSETS	256,142	349,798
	---------	---------

CAPITAL AND RESERVES

Called up share capital fully paid	2	2
Profit and loss account	256,140	349,796
	---------	---------
SHAREHOLDERS FUNDS	256,142	349,798
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HOME STYLE IMPROVEMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 9 December 2025 , and are signed on behalf of the board by:

Mr S D Essam Director

Company registration number: 04589085

HOME STYLE IMPROVEMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Equipment	-	15% reducing balance
Motor Vehicles	-	25% reducing balance
Office Equipment	-	33 1/3% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. TANGIBLE ASSETS

	Plant and Equipment	Motor vehicles	Office Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	10,574	47,299	2,748	60,621
Disposals	( 10,574)	( 37,304)	( 2,748)	( 50,626)
	--------	--------	-------	--------
At 31 March 2025	–	9,995	–	9,995
	--------	--------	-------	--------
Depreciation
At 1 April 2024	7,729	37,270	2,387	47,386
Charge for the year	–	1,406	–	1,406
Disposals	( 7,730)	( 32,897)	( 2,387)	( 43,014)
	--------	--------	-------	--------
At 31 March 2025	( 1)	5,779	–	5,778
	--------	--------	-------	--------
Carrying amount
At 31 March 2025	1	4,216	–	4,217
	--------	--------	-------	--------
At 31 March 2024	2,845	10,029	361	13,235
	--------	--------	-------	--------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	–	110,286
Other debtors	16,561	–
	--------	---------
	16,561	110,286
	--------	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	16,100	37,800
Corporation tax	–	23,920
Social security and other taxes	–	23,648
Other creditors	13,431	4,000
	--------	--------
	29,531	89,368
	--------	--------

The bank loans are secured on the assets of the company.

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	196,817
	----	---------

Within bank loans there is an amount of £nil (2024 - £156,717) which is due after five years. The bank loans are secured on the assets of the company.