Company Registration No. 09390364 (England and Wales)
HOME NATIVE LTD
Unaudited accounts
for the year ended 31 January 2017
HOME NATIVE LTD
Unaudited accounts
Contents
HOME NATIVE LTD
Company Information
for the year ended 31 January 2017
Directors
Sunil Mark Singh
Ashley Anthony Thompson
Company Number
09390364 (England and Wales)
Registered Office
Flat 4, Gleaneagles Court
1 Cairngorm Close
Teddington
Moddlesex
TW11 8JJ
HOME NATIVE LTD
Statement of financial position
as at
31 January 2017
Inventories
156,024
32,774
Cash at bank and in hand
57,797
88,259
Creditors: amounts falling due within one year
(27,908)
(32,994)
Net current assets
240,471
110,826
Total assets less current liabilities
240,871
110,826
Creditors: amounts falling due after more than one year
-
(50,000)
Provisions for liabilities
Other provisions
(212,514)
-
Called up share capital
1
1
Profit and loss account
28,356
60,825
Shareholders' funds
28,357
60,826
For the year ending 31 January 2017 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.
Approved by the Board on 30 October 2017.
Sunil Mark Singh
Director
Company Registration No. 09390364
HOME NATIVE LTD
Notes to the Accounts
for the year ended 31 January 2017
HOME NATIVE LTD is a private company, limited by shares, registered in England and Wales, registration number 09390364. The registered office and principal place of business is Flat 4, Gleaneagles Court, 1 Cairngorm Close, Teddington, Moddlesex, TW11 8JJ.
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.
These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 15 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation for computer equipment has been provided over a life of 3 years to write off the assets over their estimated useful lives.
HOME NATIVE LTD
Notes to the Accounts
for the year ended 31 January 2017
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Finished goods
156,024
32,774
Accrued income and prepayments
54,558
835
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
26,758
-
Taxes and social security
(174)
16,664
Proposed dividends
1,645
330
Other creditors
74
16,000
Loans from directors
(7,362)
-
8
Creditors: amounts falling due after more than one year
2017
2016
HOME NATIVE LTD
Notes to the Accounts
for the year ended 31 January 2017
9
Provisions for liabilities
£
Additional provisions made during the period
212,514
At 31 January 2017
212,514
Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation taking into account the risks and uncertainties surrounding the obligation.
10
Share capital
2017
2016
Allotted, called up and fully paid:
106 Ordinary shares of £0.01 each
1.06
1.06
11
Average number of employees
During the year the average number of employees was 0 (2016: 0).