Registration number: 04951793

Homestyle (WTC) Ltd

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 9

Homestyle (WTC) Ltd

Company Information

Directors

Jean Coleman Mr Alan Coleman Mr Graham Coleman

Registered office

10 Leeds Street Wigan Greater Manchester England WN3 4BW

Homestyle (WTC) Ltd

(Registration number: 04951793)
Abridged Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	54,000	108,000
Tangible assets	5	46,064	52,289
		100,064	160,289
Current assets
Stocks	6	15,307	20,539
Debtors		52,968	229,176
Cash at bank and in hand		1,822,826	1,666,273
		1,891,101	1,915,988
Prepayments and accrued income		9,199	8,707
Creditors: Amounts falling due within one year		(421,543)	(413,326)
Net current assets		1,478,757	1,511,369
Total assets less current liabilities		1,578,821	1,671,658
Provisions for liabilities		(11,516)	(13,072)
Accruals and deferred income		(67,840)	(51,358)
Net assets		1,499,465	1,607,228
Capital and reserves
Called up share capital	7	160	160
Retained earnings		1,499,305	1,607,068
Shareholders' funds		1,499,465	1,607,228

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 August 2026 and signed on its behalf by:
 

Homestyle (WTC) Ltd

(Registration number: 04951793)
Abridged Balance Sheet as at 31 December 2025

......................................... Mr Alan Coleman Director

Homestyle (WTC) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
10 Leeds Street
Wigan
Greater Manchester
WN3 4BW
England

These financial statements were authorised for issue by the Board on 18 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Homestyle (WTC) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Homestyle (WTC) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 12).

Homestyle (WTC) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

4	Intangible assets

	Total £
Cost or valuation
At 1 January 2025	270,000
At 31 December 2025	270,000
Amortisation
At 1 January 2025	162,000
Amortisation charge	54,000
At 31 December 2025	216,000
Carrying amount
At 31 December 2025	54,000
At 31 December 2024	108,000

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	48,895	89,827	44,453	183,175
Additions	-	-	700	700
At 31 December 2025	48,895	89,827	45,153	183,875
Depreciation
At 1 January 2025	22,807	75,746	32,333	130,886
Charge for the year	2,609	2,816	1,500	6,925
At 31 December 2025	25,416	78,562	33,833	137,811
Carrying amount
At 31 December 2025	23,479	11,265	11,320	46,064
At 31 December 2024	26,088	14,081	12,120	52,289

6

Stocks

	2025 £	2024 £
Other inventories	15,307	20,539

Homestyle (WTC) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	160	160	160	160

8	Related party transactions

Transactions with directors

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	Other payments made to company by director £	At 31 December 2025 £
Mr Mark Coleman
Directors Loan Account	94,659	49,883	(154,440)	1,274	(8,624)

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	Other payments made to company by director £	At 31 December 2024 £
Mr Mark Coleman
Directors Loan Account	(99,093)	289,945	(97,676)	1,483	94,659

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	38,458	38,741

Summary of transactions with all entities with joint control or significant interest

Homestyle (WTC) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Homestyle Kitchens Ltd
During the period the company sold goods to Homestyle Kitchens Ltd, a company owned equally by Mr Alan Coleman, Mr Graham Coleman and Mr Mark Coleman. Gross sales amounted to £548,571 (£496,755 - 2024) and at the period end a balance of £41,978 (£127,908 - 2024) was owed.

Other transactions between the companies lead to Homestyle WTC Ltd owing £73,520 at the year end (£142,205 - 2024).

Summary of transactions with other related parties

Bright Notions Ltd
During the period the company purchased services from Bright Notions Ltd, a company wholly owned by Mr Alan Coleman. Purchases totalled £84,000 (2024 - £84,000) and nothing (2024- £0) was owed at the year end.