Homegrace Co. Ltd 31/01/2026 iXBRL

Company registration number: 08348320

Homegrace Co. Ltd

Trading as Homegrace Co Ltd

Unaudited abridged financial statements

31 January 2026

Homegrace Co. Ltd

Contents

Directors and other information

Directors report

Accountant's report

Income statement

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Homegrace Co. Ltd

Directors and other information


Directors
	Mr Hassan Kamran
	Ms Farkhanda Khan
	Mr Musa Kamran
	Mr Husnain Kamran	(Resigned 26 February 2025)


Company number	08348320


Registered office	1 Linden Road
	Stalybridge
	SK15 2SL


Business address	1 Linden Road
	Stalybridge
	SK15 2SL


Accountant	Shafiq and Co
	12 Victoria Avenue
	Manchester
	M9 6QL




	Bankers	Natwest Bank
		Ashton-Under-Lyne Branch
		Warrington Street
		Ashton-Under-Lyne
		OL6 6JL

Homegrace Co. Ltd

Directors report

Year ended 31 January 2026

The directors present their report and the unaudited financial statements of the company for the year ended 31 January 2026.

Directors

The directors who served the company during the year were as follows:


Mr Hassan Kamran
Ms Farkhanda Khan
Mr Musa Kamran
Mr Husnain Kamran				(Resigned 26 February 2025)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 05 June 2026 and signed on behalf of the board by:

Mr Hassan Kamran

Director

Homegrace Co. Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Homegrace Co. Ltd

Year ended 31 January 2026

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Homegrace Co. Ltd for the year ended 31 January 2026 which comprise the income statement, abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

My work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

Shafiq and Co

Chartered Certified Accountants

12 Victoria Avenue

Manchester

M9 6QL

5 June 2026

Homegrace Co. Ltd

Income statement

Year ended 31 January 2026

		2026	2025
	Note	£	£


Turnover		1,310,576	1,781,838
Change in stocks of finished goods and in work in progress		( 880,280)	( 1,145,914)
		_______	_______
		430,296	635,924

Other external charges		( 127,072)	( 207,833)
Staff costs		( 140,250)	( 191,548)
Depreciation and other amounts written off tangible and intangible fixed assets		( 25,059)	( 23,331)
Other operating expenses		( 109,755)	( 167,918)
		_______	_______
Operating profit		28,160	45,294

Interest payable and similar expenses		( 463)	( 632)
		_______	_______
Profit before taxation		27,697	44,662

Tax on profit		( 9,371)	( 8,224)
		_______	_______
Profit for the financial year		18,326	36,438
		_______	_______

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Homegrace Co. Ltd

Abridged statement of financial position

31 January 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	6	850,626		864,168
		_______		_______
			850,626		864,168

Current assets
Stocks		235,295		199,190
Cash at bank and in hand		225,716		27,389
		_______		_______
		461,011		226,579
Creditors: amounts falling due
within one year		( 837,506)		( 579,292)
		_______		_______
Net current liabilities			( 376,495)		( 352,713)
			_______		_______
Total assets less current liabilities			474,131		511,455

Creditors: amounts falling due
after more than one year			( 3,510)		( 17,160)
			_______		_______
Net assets			470,621		494,295
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			470,521		494,195
			_______		_______
Shareholder funds			470,621		494,295
			_______		_______

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The member has 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.

These financial statements have been prepared 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'.

All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 05 June 2026 , and are signed on behalf of the board by:

Mr Hassan Kamran

Director

Company registration number: 08348320

Homegrace Co. Ltd

Statement of changes in equity

Year ended 31 January 2026

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 February 2024	100	472,757	472,857

Profit for the year		36,438	36,438
	_______	_______	_______
Total comprehensive income for the year	-	36,438	36,438

Dividends paid and payable		( 15,000)	( 15,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 15,000)	( 15,000)

	_______	_______	_______
At 31 January 2025 and 1 February 2025	100	494,195	494,295

Profit for the year		18,326	18,326
	_______	_______	_______
Total comprehensive income for the year	-	18,326	18,326

Dividends paid and payable		( 42,000)	( 42,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 42,000)	( 42,000)

	_______	_______	_______
At 31 January 2026	100	470,521	470,621
	_______	_______	_______

Homegrace Co. Ltd

Notes to the financial statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Homegrace Co Ltd, 1 Linden Road, Stalybridge, SK15 2SL.

2. Statement of compliance

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

Turnover

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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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 stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to 12 (2025: 13 ).

The aggregate payroll costs incurred during the year were:

	2026	2025
	£	£
Wages and salaries	140,250	189,817
Other pension costs	-	1,731
	_______	_______
	140,250	191,548
	_______	_______

5. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible assets	25,059	23,331
	_______	_______

6. Tangible assets


		£
	Cost
	At 1 February 2025	945,542
	Additions	11,517
		_______
	At 31 January 2026	957,059
		_______
	Depreciation
	At 1 February 2025	81,374
	Charge for the year	25,059
		_______
	At 31 January 2026	106,433
		_______
	Carrying amount
	At 31 January 2026	850,626
		_______
	At 31 January 2025	864,168
		_______

7. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2026
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Mohammed Kamran	( 3,263)	3,263	-
		_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Mohammed Kamran	( 8,926)	5,663	( 3,263)
		_______	_______	_______

8. Controlling party

The company director, Mr M Kamran is the ultimate controlling party due to the fact he owns the entire issued share capital of the company.