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D.I.Y. SALES (U.K.) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2018






D.I.Y. SALES (U.K.) LIMITED (REGISTERED NUMBER: 01592699)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D.I.Y. SALES (U.K.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2018







DIRECTORS: R Harris
Mrs B Harris





REGISTERED OFFICE: Suite 5 Fountain House
1A Elm Park
Stanmore
Middlesex
HA7 4AU





REGISTERED NUMBER: 01592699 (England and Wales)





ACCOUNTANTS: AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG

D.I.Y. SALES (U.K.) LIMITED (REGISTERED NUMBER: 01592699)

BALANCE SHEET
30 JUNE 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,907 133,798

CURRENT ASSETS
Stocks 5 1,212,746 1,261,003
Debtors 6 2,189,412 1,259,742
Cash at bank 128,086 91,831
3,530,244 2,612,576
CREDITORS
Amounts falling due within one year 7 3,026,031 2,133,290
NET CURRENT ASSETS 504,213 479,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

596,120

613,084

PROVISIONS FOR LIABILITIES 17,462 26,638
NET ASSETS 578,658 586,446

CAPITAL AND RESERVES
Called up share capital 12,600 12,600
Retained earnings 566,058 573,846
SHAREHOLDERS' FUNDS 578,658 586,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 25 October 2018 and were signed on its behalf by:



R Harris - Director


D.I.Y. SALES (U.K.) LIMITED (REGISTERED NUMBER: 01592699)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018

1. STATUTORY INFORMATION

D.i.y. Sales (U.k.) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared in accordance with applicable United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice), which have been consistently applied (except as otherwise
stated).

Going concern
The directors have formed the judgement that at the time of approving the financial statements, there is a
reasonable expectation that the Company has adequate resources to continue in operational existence for the
foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing the
financial statements.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax and trade discounts.

Where revenue exceeds amounts invoiced, the excess is classified as accrued income and included in other
debtors. Where amounts invoiced exceed revenue, the excess is classified as deferred income and included in
other creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 20% on reducing balance

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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Taxation
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.

D.I.Y. SALES (U.K.) LIMITED (REGISTERED NUMBER: 01592699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
Company's contributions towards defined contribution pension scheme are charged to the profit and loss account
in the period to which they relate.

Trade debtors
Trade debtors are recognised and carried at original invoice amount less an allowance for any non-collectable
amounts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad
debts are written off when identified.

Trade creditors
Trade creditors are recognised and carried at original invoice amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
equipment
£   
COST
At 1 July 2017 284,973
Additions 5,310
Disposals (68,452 )
At 30 June 2018 221,831
DEPRECIATION
At 1 July 2017 151,175
Charge for year 24,771
Eliminated on disposal (46,022 )
At 30 June 2018 129,924
NET BOOK VALUE
At 30 June 2018 91,907
At 30 June 2017 133,798

5. STOCKS
2018 2017
£    £   
Finished goods 1,212,746 1,261,003

D.I.Y. SALES (U.K.) LIMITED (REGISTERED NUMBER: 01592699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 2,186,217 1,251,158
VAT - 4,840
Prepayments 3,195 3,744
2,189,412 1,259,742

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 1,439,328 1,235,334
Tax 18,899 31,570
Social security and other taxes 1,445 2,051
VAT 4,079 -
Other creditors 1,496,307 803,470
Bad debts provision 60,806 60,806
Director's current account 1,692 59
Accrued expenses 3,475 -
3,026,031 2,133,290

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Other creditors 1,495,743 -

Other creditors represent debt factoring facilities which are secured by the book debt concerned, credit insurance
and a fixed floating charge over all assets.