Homestore Online Ltd

Homestore Online Ltd is a small, active company based in Bathgate, UK, founded seven years ago in 2017. With three employees and £67,753 in assets, it operates as a solo-founded e-commerce site, managed by a single director and owner, Khursheed Zara. The company’s registered address is real, with only two other companies registered at the same location. It’s classified as a small company, meeting two of three criteria: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website, Home Store Online, specializes in selling rugs online, offering a wide variety of styles and designs. It also features a selection of furniture, including coffee tables, sofas, and dining sets, as well as home accessories like ornaments and kitchen shelves. The site actively promotes sales and discounts, with a "FLASH SALE" on shaggy rugs and a "SALE" on seersucker duvet sets. It encourages customer engagement through social media and offers a "1 RUG" discount for email subscribers.

Financially, Homestore Online Ltd presents a mixed picture. Cash bank on hand dropped significantly by 36%, settling at £10,000. Current assets, however, increased by 87%, reaching £68,000. Debtors decreased substantially by 70%, to just £6,000, while creditors surged by 150%, hitting £63,000. Accumulated depreciation also rose considerably, with computer equipment depreciation increasing by 200%. The company’s net assets declined slightly, from -£19,000 to -£18,000. There’s no mention of an auditor, which is typical for small, exempt companies.

Overall, Homestore Online Ltd appears to be navigating a period of change. While the e-commerce side seems active and focused on customer acquisition, the financial data suggests a need for careful management of debts and cash flow. The company’s small size provides agility, but the increased creditors indicate a potential strain on resources.

Registered in Scotland under the registration number SC574986, with a registered address at EH48 1NU, Scotland, Bathgate, 13 King Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.