IRIS Accounts Production v26.1.10.61 05019542 Board of Directors 1.6.24 30.6.25 30.6.25 false true false false false true false Fair value model Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05019542 2024-05-31 05019542 2025-06-30 05019542 2024-06-01 2025-06-30 05019542 2023-05-31 05019542 2023-06-01 2024-05-31 05019542 2024-05-31 05019542 ns15:EnglandWales 2024-06-01 2025-06-30 05019542 ns14:PoundSterling 2024-06-01 2025-06-30 05019542 ns10:Director1 2024-06-01 2025-06-30 05019542 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-06-30 05019542 ns10:SmallEntities 2024-06-01 2025-06-30 05019542 ns10:AuditExempt-NoAccountantsReport 2024-06-01 2025-06-30 05019542 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-06-30 05019542 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-06-30 05019542 ns10:FullAccounts 2024-06-01 2025-06-30 05019542 1 2024-06-01 2025-06-30 05019542 ns10:OrdinaryShareClass1 2024-06-01 2025-06-30 05019542 ns10:Director2 2024-06-01 2025-06-30 05019542 ns10:Director3 2024-06-01 2025-06-30 05019542 ns10:CompanySecretary1 2024-06-01 2025-06-30 05019542 ns10:RegisteredOffice 2024-06-01 2025-06-30 05019542 ns5:CurrentFinancialInstruments 2025-06-30 05019542 ns5:CurrentFinancialInstruments 2024-05-31 05019542 ns5:Non-currentFinancialInstruments 2025-06-30 05019542 ns5:Non-currentFinancialInstruments 2024-05-31 05019542 ns5:ShareCapital 2025-06-30 05019542 ns5:ShareCapital 2024-05-31 05019542 ns5:RevaluationReserve 2025-06-30 05019542 ns5:RevaluationReserve 2024-05-31 05019542 ns5:RetainedEarningsAccumulatedLosses 2025-06-30 05019542 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 05019542 ns5:IntangibleAssetsOtherThanGoodwill 2024-06-01 2025-06-30 05019542 ns5:ComputerSoftware 2024-06-01 2025-06-30 05019542 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-06-01 2025-06-30 05019542 ns5:PlantMachinery 2024-06-01 2025-06-30 05019542 ns5:MotorVehicles 2024-06-01 2025-06-30 05019542 ns5:ComputerEquipment 2024-06-01 2025-06-30 05019542 ns5:IntangibleAssetsOtherThanGoodwill 2024-05-31 05019542 ns5:IntangibleAssetsOtherThanGoodwill 2025-06-30 05019542 ns5:IntangibleAssetsOtherThanGoodwill 2024-05-31 05019542 ns5:LandBuildings 2024-05-31 05019542 ns5:PlantMachinery 2024-05-31 05019542 ns5:LandBuildings 2024-06-01 2025-06-30 05019542 ns5:LandBuildings 2025-06-30 05019542 ns5:PlantMachinery 2025-06-30 05019542 ns5:LandBuildings 2024-05-31 05019542 ns5:PlantMachinery 2024-05-31 05019542 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-06-30 05019542 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 05019542 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2025-06-30 05019542 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2024-05-31 05019542 ns5:Secured 2025-06-30 05019542 ns5:Secured 2024-05-31 05019542 ns10:OrdinaryShareClass1 2025-06-30

REGISTERED NUMBER: 05019542 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2024 TO 30 JUNE 2025

FOR

HOMEFIT (UK) LIMITED

| HOMEFIT (UK) LIMITED (REGISTERED NUMBER: 05019542) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2024 TO 30 JUNE 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| HOMEFIT (UK) LIMITED |

COMPANY INFORMATION

FOR THE PERIOD 1 JUNE 2024 TO 30 JUNE 2025

| DIRECTORS: | F M Swanborough

| W J Swanborough

| M Swanborough

| SECRETARY: | F M Swanborough

| REGISTERED OFFICE: | Unit 10, Broadhelm Business Park

| Broadvale Close

| Pocklington

| East Yorkshire

| YO42 1AE

| REGISTERED NUMBER: | 05019542 (England and Wales)

| ACCOUNTANTS: | Lloyd Dowson Limited

| Medina House

| 2 Station Avenue

| Bridlington

| East Yorkshire

| YO16 4LZ

| HOMEFIT (UK) LIMITED (REGISTERED NUMBER: 05019542) |

BALANCE SHEET

30 JUNE 2025

| 30.6.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 11,717 |  | 13,182 |  |

Tangible assets | 5 | 1,491,375 |  | 2,030,864 |  |

Investment property | 6 | 500,000 |  | - |  |

2,003,092 |  | 2,044,046 |  |

CURRENT ASSETS

Stocks | 486,977 |  | 374,628 |  |

Debtors | 7 | 44,592 |  | 146,703 |  |

Cash at bank and in hand | 392 |  | 517 |  |

531,961 |  | 521,848 |  |

CREDITORS

Amounts falling due within one year | 8 | 369,816 |  | 428,470 |  |

NET CURRENT ASSETS | 162,145 |  | 93,378 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,165,237 |  | 2,137,424 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (423,724 | ) | (445,044 | ) |

PROVISIONS FOR LIABILITIES | (223,926 | ) | (228,815 | ) |

NET ASSETS | 1,517,587 |  | 1,463,565 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 1,000 |  | 1,000 |  |

Revaluation reserve | 742,594 |  | 728,106 |  |

Retained earnings | 773,993 |  | 734,459 |  |

SHAREHOLDERS' FUNDS | 1,517,587 |  | 1,463,565 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

| HOMEFIT (UK) LIMITED (REGISTERED NUMBER: 05019542) |

BALANCE SHEET - continued

30 JUNE 2025

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 Board of Directors and authorised for issue on 4 June 2026 and were signed on its behalf by:

F M Swanborough - Director

| HOMEFIT (UK) LIMITED (REGISTERED NUMBER: 05019542) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2024 TO 30 JUNE 2025

1. | STATUTORY INFORMATION

| Homefit (UK) 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover derives from property renovations and is recognised when services are provided.

| 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.

| Computer software is being amortised evenly over its estimated useful life of ten years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | 2% on cost

| Plant and machinery | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks and work in progress

| Stocks and work in progress 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 period 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 period 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.

| HOMEFIT (UK) LIMITED (REGISTERED NUMBER: 05019542) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JUNE 2024 TO 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to the statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to the statement of income and retained earnings over the period to which they relate.

| Pension costs and other post-retirement benefits

| The company has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 14 (2024 - 16 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 June 2024

| and 30 June 2025 | 14,647 |  |

| AMORTISATION

| At 1 June 2024 | 1,465 |  |

| Charge for period | 1,465 |  |

| At 30 June 2025 | 2,930 |  |

| NET BOOK VALUE

| At 30 June 2025 | 11,717 |  |

| At 31 May 2024 | 13,182 |  |

| HOMEFIT (UK) LIMITED (REGISTERED NUMBER: 05019542) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JUNE 2024 TO 30 JUNE 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 June 2024 | 2,000,000 |  | 211,750 |  | 2,211,750 |  |

| Disposals | - |  | (8,650 | ) | (8,650 | ) |

| Reclassification/transfer | (500,000 | ) | - |  | (500,000 | ) |

| At 30 June 2025 | 1,500,000 |  | 203,100 |  | 1,703,100 |  |

| DEPRECIATION

| At 1 June 2024 | - |  | 180,886 |  | 180,886 |  |

| Charge for period | 30,000 |  | 7,949 |  | 37,949 |  |

| Eliminated on disposal | - |  | (7,110 | ) | (7,110 | ) |

| At 30 June 2025 | 30,000 |  | 181,725 |  | 211,725 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,470,000 |  | 21,375 |  | 1,491,375 |  |

| At 31 May 2024 | 2,000,000 |  | 30,864 |  | 2,030,864 |  |

| Cost or valuation at 30 June 2025 is represented by:

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Valuation in 2022 | 293,382 |  | - |  | 293,382 |  |

| Valuation in 2023 | 419,118 |  | - |  | 419,118 |  |

| Cost | 787,500 |  | 203,100 |  | 990,600 |  |

1,500,000 |  | 203,100 |  | 1,703,100 |  |

| If freehold land and building had not been revalued they would have been included at the following historical cost:

| 30.6.25 |  | 31.5.24

£ | £ |

| Cost | 787,500 |  | 1,019,230 |  |

| Aggregate depreciation | 15,750 |  | - |  |

| Freehold land and buildings was valued on an open market basis on 30 June 2025 by the directors .

| The net book value of tangible fixed assets includes £NIL (2024 - £ 4,723 ) in respect of assets held under hire purchase contracts.

| HOMEFIT (UK) LIMITED (REGISTERED NUMBER: 05019542) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JUNE 2024 TO 30 JUNE 2025

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| Reclassification/transfer | 500,000 |  |

| At 30 June 2025 | 500,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | 500,000 |  |

| Investment property has been transferred at deemed cost.

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 31.5.24

£ | £ |

| Trade debtors | 23,467 |  | 18,336 |  |

| Amounts owed by associates | 16,958 |  | 128,367 |  |

| Other debtors | 4,167 |  | - |  |

44,592 |  | 146,703 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 31.5.24

£ | £ |

| Bank loans and overdrafts | 44,073 |  | 81,120 |  |

| Hire purchase contracts | - |  | 2,939 |  |

| Trade creditors | 115,481 |  | 103,545 |  |

| Amounts owed to associates | 99,543 |  | 115,545 |  |

| Taxation and social security | 59,123 |  | 74,136 |  |

| Other creditors | 51,596 |  | 51,185 |  |

369,816 |  | 428,470 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 31.5.24

£ | £ |

| Bank loans | 423,724 |  | 445,044 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans | 309,903 |  | 327,056 |  |

| HOMEFIT (UK) LIMITED (REGISTERED NUMBER: 05019542) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JUNE 2024 TO 30 JUNE 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.6.25 |  | 31.5.24

£ | £ |

| Hire purchase contracts | - |  | 2,939 |  |

| Bank loans | 428,410 |  | 445,568 |  |

428,410 |  | 448,507 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.6.25 |  | 31.5.24

| value: | £ | £ |

| 1,000 | Ordinary | £1 | 1,000 |  | 1,000 |  |