HOMETECH-UK LIMITED

HOMETECH-UK LIMITED - Company Information

2022-07-012023-06-302023-06-30false04267042HOMETECH-UK 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HOMETECH-UK LIMITED

Registered Number
04267042
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

HOMETECH-UK LIMITED

Company Information
for the year from 1 July 2022 to 30 June 2023


Directors	BLACKER, Lisa Anne
	BLACKER, Vincent James


Company Secretary	BLACKER, Lisa Anne


Registered Address	Unit 5 Wd Boxhub Deer Park Road
	Moulton Park
	Northampton
	NN3 6RZ


Registered Number	04267042 (England and Wales)

HOMETECH-UK LIMITED

Balance Sheet as at
30 June 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		525,175		426,764
			525,175		426,764
Current assets
Stocks	6	17,500		17,500
Debtors	7	1,370,261		1,059,145
Cash at bank and on hand		4,166		3,446
		1,391,927		1,080,091
Creditors amounts falling due within one year	8	(1,218,188)		(847,184)
Net current assets (liabilities)			173,739		232,907
Total assets less current liabilities			698,914		659,671
Creditors amounts falling due after one year	9		(160,731)		(178,731)
Provisions for liabilities	11		(57,221)		(42,244)
Net assets			480,962		438,696
Capital and reserves
Called up share capital			10		10
Profit and loss account			480,952		438,686
Shareholders' funds			480,962		438,696

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 26 October 2023, and are signed on its behalf by:

BLACKER, Lisa Anne
Director

BLACKER, Vincent James
Director

Registered Company No. 04267042

HOMETECH-UK LIMITED

Notes to the Financial Statements
for the year ended 30 June 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	20
	Plant and machinery	4
	Vehicles	4
	Office Equipment	4

	Stocks policy
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2023		2022
	Average number of employees during the year	88		82

5.	Property, plant and equipment

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 July 22	285,426	28,653	1,159,324	173,006	1,646,409
Additions	-	24,479	311,882	29,519	365,880
Disposals	(285,426)	-	-	-	(285,426)
At 30 June 23	-	53,132	1,471,206	202,525	1,726,863
Depreciation and impairment
At 01 July 22	152,778	17,898	911,249	137,720	1,219,645
Charge for year	-	6,629	111,991	16,201	134,821
On disposals	(152,778)	-	-	-	(152,778)
At 30 June 23	-	24,527	1,023,240	153,921	1,201,688
Net book value
At 30 June 23	-	28,605	447,966	48,604	525,175
At 30 June 22	132,648	10,755	248,075	35,286	426,764

6.	Stocks

	2023	2022
	£	£
Raw materials and consumables	17,500	17,500
Total	17,500	17,500

7.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	1,097,598	941,386
Other debtors	267,892	107,201
Prepayments and accrued income	4,771	10,558
Total	1,370,261	1,059,145


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	403,665	133,478
Bank borrowings and overdrafts	10,021	25,366
Taxation and social security	263,563	338,607
Finance lease and HP contracts	99,292	121,082
Other creditors	436,512	222,652
Accrued liabilities and deferred income	5,135	5,999
Total	1,218,188	847,184


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	19,921	118,271
Other creditors	140,810	60,460
Total	160,731	178,731

10.	Finance lease and HP contracts after one year

		2023		2022
		£		£
	Finance lease and HP contracts	140,811		60,460

11.	Provisions for liabilities

	2023	2022
	£	£
Net deferred tax liability (asset)	57,221	42,244
Total	57,221	42,244