Company Registration No. 10919223 (England and Wales)
HOME ESSENCE LTD
Unaudited accounts
for the year ended 30 September 2025
HOME ESSENCE LTD
Statement of financial position
as at 30 September 2025
Tangible assets
14,378
16,205
Inventories
135,775
365,350
Cash at bank and in hand
34,780
60,060
Creditors: amounts falling due within one year
(161,733)
(353,315)
Net current assets
40,822
74,095
Total assets less current liabilities
55,200
90,300
Creditors: amounts falling due after more than one year
-
(9,002)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
54,730
80,978
Shareholders' funds
54,731
80,979
For the year ending 30 September 2025 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 November 2025 and were signed on its behalf by
Raghbir Kaur Dhanoa
Director
Company Registration No. 10919223
HOME ESSENCE LTD
Notes to the Accounts
for the year ended 30 September 2025
HOME ESSENCE LTD is a private company, limited by shares, registered in England and Wales, registration number 10919223. The registered office is Unit 16k, Calderdale Business Park, Club Lane, Halifax, HX2 8DB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Inventories have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
HOME ESSENCE LTD
Notes to the Accounts
for the year ended 30 September 2025
The director has carried out a detailed review of the company's resources and projected income streams. She is confident that the company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of the financial statements. Therefore, the company continues to adopt the going concern basis in preparing the financial statements.
4
Tangible fixed assets
Total
At 30 September 2025
32,209
At 30 September 2025
17,831
At 30 September 2025
14,378
At 30 September 2024
16,205
5
Deferred taxation
2025
2024
Accelerated capital allowances
469
319
Provision at start of year
319
678
Charged/(credited) to the profit and loss account
150
(359)
Provision at end of year
469
319
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 3 (2024: 3).