THE BETTER HOME COMPANY LONDON LTD

THE BETTER HOME COMPANY LONDON LTD

THE BETTER HOME COMPANY LONDON LTD - Company Information

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1 April 2019 false Taxfiler 2020.12 11421799business:PrivateLimitedCompanyLtd2019-04-012020-03-31 114217992019-03-31 114217992019-04-012020-03-31 11421799business:AuditExemptWithAccountantsReport2019-04-012020-03-31 11421799business:FullAccounts2019-04-012020-03-31 114217992020-03-31 11421799business:Director12019-04-012020-03-31 11421799business:Director22019-04-012020-03-31 11421799business:RegisteredOffice2019-04-012020-03-31 114217992019-03-31 11421799core:WithinOneYear2020-03-31 11421799core:WithinOneYear2019-03-31 11421799core:AfterOneYear2020-03-31 11421799core:AfterOneYear2019-03-31 11421799core:ShareCapital2020-03-31 11421799core:ShareCapital2019-03-31 11421799core:RetainedEarningsAccumulatedLosses2020-03-31 11421799core:RetainedEarningsAccumulatedLosses2019-03-31 11421799business:SmallEntities2019-04-012020-03-31 11421799countries:EnglandWales2019-04-012020-03-31 11421799core:PlantMachinery2019-04-012020-03-31 11421799core:MotorVehicles2019-04-012020-03-31 11421799core:FurnitureFittings2019-04-012020-03-31 11421799core:ComputerEquipment2019-04-012020-03-31 11421799core:PlantMachinery2019-03-31 11421799core:MotorVehicles2019-03-31 11421799core:ComputerEquipment2019-03-31 11421799core:PlantMachinery2020-03-31 11421799core:MotorVehicles2020-03-31 11421799core:ComputerEquipment2020-03-31 114217992018-04-012019-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11421799 (England and Wales)
THE BETTER HOME COMPANY LONDON LTD Unaudited accounts for the year ended 31 March 2020
THE BETTER HOME COMPANY LONDON LTD Unaudited accounts Contents
Page
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THE BETTER HOME COMPANY LONDON LTD Company Information for the year ended 31 March 2020
Directors
Mads Christoffer Dal Wojciech Marcin Fraczyk
Company Number
11421799 (England and Wales)
Registered Office
Hurlingham Studios Ranelagh Gardens London SW6 3PA England
Accountants
Oak Accountants 36 Uxendon Crescent Wembley Middlesex HA9 9TN
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of THE BETTER HOME COMPANY LONDON LTD for the year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of THE BETTER HOME COMPANY LONDON LTD for the year ended 31 March 2020 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Oak Accountants Chartered Certified Accountants 36 Uxendon Crescent Wembley Middlesex HA9 9TN 12 October 2020
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THE BETTER HOME COMPANY LONDON LTD Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
21,173 
12,987 
Current assets
Debtors
5
140,363 
27,290 
Cash at bank and in hand
(4,904)
9,005 
135,459 
36,295 
Creditors: amounts falling due within one year
6
(149,279)
(82,346)
Net current liabilities
(13,820)
(46,051)
Total assets less current liabilities
7,353 
(33,064)
Creditors: amounts falling due after more than one year
7
(3,057)
- 
Net assets/(liabilities)
4,296 
(33,064)
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
4,291 
(33,069)
Shareholders' funds
4,296 
(33,064)
For the year ending 31 March 2020 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 12 October 2020 and were signed on its behalf by
Mads Christoffer Dal Director Company Registration No. 11421799
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THE BETTER HOME COMPANY LONDON LTD Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
THE BETTER HOME COMPANY LONDON LTD is a private company, limited by shares, registered in England and Wales, registration number 11421799. The registered office is Hurlingham Studios, Ranelagh Gardens, London, SW6 3PA, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
20% on costs straight line basis
Motor vehicles
20% on costs straight line basis
Fixtures & fittings
20% on costs straight line basis
Computer equipment
20% on costs straight line basis
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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THE BETTER HOME COMPANY LONDON LTD Notes to the Accounts for the year ended 31 March 2020
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2019
4,856 
11,295 
82 
16,233 
Additions
3,028 
6,845 
2,209 
12,082 
At 31 March 2020
7,884 
18,140 
2,291 
28,315 
Depreciation
At 1 April 2019
971 
2,259 
16 
3,246 
Charge for the year
1,113 
2,487 
296 
3,896 
At 31 March 2020
2,084 
4,746 
312 
7,142 
Net book value
At 31 March 2020
5,800 
13,394 
1,979 
21,173 
At 31 March 2019
3,885 
9,036 
66 
12,987 
5
Debtors
2020 
2019 
£ 
£ 
Trade debtors
127,497 
27,290 
Accrued income and prepayments
3,306 
- 
Other debtors
9,560 
- 
140,363 
27,290 
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
VAT
28,524 
- 
Obligations under finance leases and hire purchase contracts
4,917 
- 
Trade creditors
27,459 
19,186 
Amounts owed to group undertakings and other participating interests
56,589 
- 
Taxes and social security
19,286 
15,698 
Other creditors
1,262 
- 
Loans from directors
11,242 
47,462 
149,279 
82,346 
7
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,057 
- 
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THE BETTER HOME COMPANY LONDON LTD Notes to the Accounts for the year ended 31 March 2020
8
Transactions with related parties
1) EDMD Ltd Loan owed to EDMD Ltd as at 31 March 2020: £57,865 (2019: £0). The loan is unsecured, subject to a one-off draw down percentage and repayable on demand. 2) Better Home Cover Ltd Balance due from Better Home Cover Ltd as at 31 March 2020: £1,031 (2019: £0).
9
Controlling party
The company is controlled solely by EDMD Ltd.
10
Average number of employees
During the year the average number of employees was 5 (2019: 3).
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