Homemove (Chester-le-Street) Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 03943565 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

HOMEMOVE (CHESTER-LE-STREET) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Siddall

C Clarkson

RS Johnson

SECRETARY:

Ribchesters Group Limited

REGISTERED OFFICE:

7 Old Elvet

Durham

DH1 3HL

REGISTERED NUMBER:

03943565 (England and Wales)

ACCOUNTANTS:

Ribchesters

Chartered Accountants

Finchale House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

17,515

19,211

CURRENT ASSETS

Debtors

5

77,241

124,387

Cash at bank and in hand

22,101

53,714

99,342

178,101

CREDITORS

Amounts falling due within one year

6

116,257

106,655

NET CURRENT (LIABILITIES)/ASSETS

(16,915

)

71,446

TOTAL ASSETS LESS CURRENT LIABILITIES

600

90,657

PROVISIONS FOR LIABILITIES

-

1,186

NET ASSETS

600

89,471

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

500

89,371

SHAREHOLDERS' FUNDS

600

89,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 15 November 2023 and were signed on its behalf by:

RS Johnson - Director

1.	STATUTORY INFORMATION

Homemove (Chester-le-Street) Limited 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 represents net invoiced sales of services, excluding value added tax.

Turnover is recognised when the service is deemed to be complete to the extent that there is a right to consideration.

Tangible fixed assets

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

Improvements to property

-

10% on reducing balance and at varying rates on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2022

92,863

Additions

3,052

At 30 April 2023

95,915

DEPRECIATION

At 1 May 2022

73,652

Charge for year

4,748

At 30 April 2023

78,400

NET BOOK VALUE

At 30 April 2023

17,515

At 30 April 2022

19,211

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

20,328

37,777

Amounts owed by group undertakings

20,018

50,611

Other debtors

36,895

35,999

77,241

124,387

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

13,764

18,420

Amounts owed to group undertakings

53,285

2,681

Taxation and social security

32,446

42,554

Other creditors

16,762

43,000

116,257

106,655

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

8.	CONTINGENT LIABILITIES

The company has contingent liabilities in respect of a cross-guarantee with the bank borrowings of the following companies:

J.W. Wood Limited

J.W. Wood (Darlington) Limited

J.W. Wood Commercial Limited

Homemove (Durham) Limited

Homemove (Professional) Limited

Homemove Direct Limited

Homemove Services North East Limited

9.	RELATED PARTY DISCLOSURES

The company has transactions with other companies where one or more directors are directors and/or shareholders in those companies. The net total balances due to these other companies at the balance sheet date was £31,879 (2022: £52,234 due from these companies). No interest is due on these balances.