THE BETTER HOME COMPANY LONDON LTD

THE BETTER HOME COMPANY LONDON LTD

THE BETTER HOME COMPANY LONDON LTD - Company Information

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Company Registration No. 11421799 (England and Wales)
THE BETTER HOME COMPANY LONDON LTD Unaudited accounts for the year ended 31 March 2021
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 2021
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 2021
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 2021 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 19 April 2021
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THE BETTER HOME COMPANY LONDON LTD Statement of financial position as at 31 March 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
36,932 
21,173 
Current assets
Inventories
6,076 
- 
Debtors
5
290,085 
140,363 
Cash at bank and in hand
129,444 
(4,904)
425,605 
135,459 
Creditors: amounts falling due within one year
6
(331,923)
(149,279)
Net current assets/(liabilities)
93,682 
(13,820)
Total assets less current liabilities
130,614 
7,353 
Creditors: amounts falling due after more than one year
7
(50,000)
(3,057)
Net assets
80,614 
4,296 
Capital and reserves
Called up share capital
100 
5 
Profit and loss account
80,514 
4,291 
Shareholders' funds
80,614 
4,296 
For the year ending 31 March 2021 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 19 April 2021 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 2021
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 2021
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2020
7,884 
18,140 
2,291 
28,315 
Additions
7,877 
8,700 
7,347 
23,924 
At 31 March 2021
15,761 
26,840 
9,638 
52,239 
Depreciation
At 1 April 2020
2,084 
4,746 
312 
7,142 
Charge for the year
2,808 
3,918 
1,439 
8,165 
At 31 March 2021
4,892 
8,664 
1,751 
15,307 
Net book value
At 31 March 2021
10,869 
18,176 
7,887 
36,932 
At 31 March 2020
5,800 
13,394 
1,979 
21,173 
5
Debtors
2021 
2020 
£ 
£ 
Less than one year
Trade debtors
237,039 
127,497 
Amounts due from group undertakings etc.
36,862 
- 
Accrued income and prepayments
5,344 
3,306 
Other debtors
10,840 
9,560 
Total debtors less than one year
290,085 
140,363 
Greater than one year
Total debtors
290,085 
140,363 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
168,068 
28,524 
Obligations under finance leases and hire purchase contracts
3,057 
4,917 
Trade creditors
127,308 
27,459 
Amounts owed to group undertakings and other participating interests
- 
56,589 
Taxes and social security
24,335 
19,286 
Other creditors
793 
1,262 
Loans from directors
- 
11,242 
Accruals
8,362 
- 
331,923 
149,279 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
50,000 
- 
Obligations under finance leases and hire purchase contracts
- 
3,057 
50,000 
3,057 
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THE BETTER HOME COMPANY LONDON LTD Notes to the Accounts for the year ended 31 March 2021
8
Transactions with related parties
1) EDMD Ltd Balance due from EDMD Ltd as at 31 March 2021: £62,536. 2) Better Home Cover Ltd Balance due to Better Home Cover Ltd as at 31 March 2021: £25,674.
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 15 (2020: 5).
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