Company Registration No. 07920359 (England and Wales)
Fine Home Building Ltd
Unaudited accounts
for the year ended 31 January 2022
Fine Home Building Ltd
Unaudited accounts
Contents
Fine Home Building Ltd
Company Information
for the year ended 31 January 2022
Director
Mr Velislav Rashkov
Secretary
Mr Velislav Rashkov
Company Number
07920359 (England and Wales)
Registered Office
Mill Cottage
Blackjacks Lock
Harefield
UB9 6HL
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
Fine Home Building Ltd
Accountants' report
Accountants' report to the director of Fine Home Building Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Fine Home Building Ltd for the year ended
31 January 2022 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Fine Home Building Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Fine Home Building Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fine Home Building Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Fine Home Building Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Fine Home Building Ltd. You consider that Fine Home Building Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Fine Home Building Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
27 August 2022
Fine Home Building Ltd
Statement of financial position
as at 31 January 2022
Cash at bank and in hand
48,532
35,051
Creditors: amounts falling due within one year
(39,048)
(33,701)
Net current assets
17,134
11,402
Total assets less current liabilities
22,471
11,602
Creditors: amounts falling due after more than one year
(44,483)
(50,000)
Provisions for liabilities
Net liabilities
(22,149)
(38,398)
Called up share capital
100
100
Profit and loss account
(22,249)
(38,498)
Shareholders' funds
(22,149)
(38,398)
For the year ending 31 January 2022 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 director acknowledges his 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 and authorised for issue on 27 August 2022 and were signed on its behalf by
Mr Velislav Rashkov
Director
Company Registration No. 07920359
Fine Home Building Ltd
Notes to the Accounts
for the year ended 31 January 2022
Fine Home Building Ltd is a private company, limited by shares, registered in England and Wales, registration number 07920359. The registered office is Mill Cottage, Blackjacks Lock, Harefield, UB9 6HL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
Fine Home Building Ltd
Notes to the Accounts
for the year ended 31 January 2022
The director is assessing, on a daily basis, the impact of the significant uncertainty arising. Whilst the director appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2021
-
226
226
At 31 January 2022
4,430
1,168
5,598
At 1 February 2021
-
26
26
Charge for the year
74
161
235
At 31 January 2022
74
187
261
At 31 January 2022
4,356
981
5,337
At 31 January 2021
-
200
200
5
Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
510
10,052
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
3,776
8,774
Taxes and social security
319
10
Loans from directors
28,489
27,316
7
Creditors: amounts falling due after more than one year
2022
2021
8
Transactions with related parties
Included in other creditors above is a loan of £28,489 (2020 - £27,316) from Velislav Rashkov, the company director.
Fine Home Building Ltd
Notes to the Accounts
for the year ended 31 January 2022
9
Average number of employees
During the year the average number of employees was 1 (2021: 2).
