Resolve Home Improvements Ltd - Accounts to registrar (filleted) - small 23.1.2

Resolve Home Improvements Ltd - Accounts to registrar (filleted) - small 23.1.2

RESOLVE HOME IMPROVEMENTS LTD - Company Information

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REGISTERED NUMBER: 13678768 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD

14 OCTOBER 2021 TO 31 OCTOBER 2022

FOR

RESOLVE HOME IMPROVEMENTS LTD
RESOLVE HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 13678768)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 OCTOBER 2021 TO 31 OCTOBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RESOLVE HOME IMPROVEMENTS LTD

COMPANY INFORMATION
FOR THE PERIOD 14 OCTOBER 2021 TO 31 OCTOBER 2022







DIRECTORS: Mr T G Pook
Mrs L R Pook





REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND





REGISTERED NUMBER: 13678768 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND
Page 1
RESOLVE HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 13678768)

BALANCE SHEET
31 OCTOBER 2022

Notes £    £   
FIXED ASSETS
Intangible assets 4 9,000
Tangible assets 5 3
9,003

CURRENT ASSETS
Stocks 6 950
Debtors 7 37,222
Cash at bank 23,907
62,079
CREDITORS
Amounts falling due within one year 8 70,375
NET CURRENT LIABILITIES (8,296 )
TOTAL ASSETS LESS CURRENT LIABILITIES 707

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 607
SHAREHOLDERS' FUNDS 707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2023 and were signed on its behalf by:





Mr T G Pook - Director


The notes form part of these financial statements

Page 2
RESOLVE HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 13678768)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 OCTOBER 2021 TO 31 OCTOBER 2022


1. STATUTORY INFORMATION

Resolve Home Improvements Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Page 3 continued...
RESOLVE HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 13678768)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 OCTOBER 2021 TO 31 OCTOBER 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 10,000
At 31 October 2022 10,000
AMORTISATION
Charge for period 1,000
At 31 October 2022 1,000
NET BOOK VALUE
At 31 October 2022 9,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
Additions 1 1 1 3
At 31 October 2022 1 1 1 3
NET BOOK VALUE
At 31 October 2022 1 1 1 3

6. STOCKS
£   
Stocks 950

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 23,198
Amounts recoverable on contract 9,236
Other debtors 2,675
Prepayments 2,113
37,222

Page 4 continued...
RESOLVE HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 13678768)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 OCTOBER 2021 TO 31 OCTOBER 2022


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 1
Trade creditors 41,448
Tax 9,760
Social security and other taxes 4,877
VAT 3,224
Directors' current accounts 9,282
Accrued expenses 1,783
70,375

9. OTHER FINANCIAL COMMITMENTS

At 31 October 2022, the company had total commitments under non cancellable operating leases over the remaining life of those leases of £11,132.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 October 2022:

£   
Mr T G Pook and Mrs L R Pook
Balance outstanding at start of period -
Amounts advanced 112,260
Amounts repaid (111,542 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 718

Loans are unsecured, interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

During the period, total dividends of £40,000 were paid to the directors .

Page 5