Company registration number 04688673 (England and Wales)
Huddersfield Decorators Merchants Limited
Unaudited
financial statements
for the year ended 31 March 2023
PAGES FOR FILING WITH REGISTRAR
Huddersfield Decorators Merchants Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Huddersfield Decorators Merchants Limited
Statement Of Financial Position
as at 31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
18,900
25,200
Tangible assets
4
326,169
309,168
345,069
334,368
Current assets
Stocks
291,845
268,992
Debtors
118,363
95,515
Cash at bank and in hand
326,053
358,020
736,261
722,527
Creditors: amounts falling due within one year
(253,884)
(223,617)
Net current assets
482,377
498,910
Total assets less current liabilities
827,446
833,278
Provisions for liabilities
5
(13,405)
(8,353)
Net assets
814,041
824,925
Capital and reserves
Called up share capital
6
100
120
Capital redemption reserve
20
-
0
Profit and loss reserves
813,921
824,805
Total equity
814,041
824,925
Huddersfield Decorators Merchants Limited
Statement Of Financial Position (continued)
as at 31 March 2023
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 3 October 2023
R Kimberlin
Director
Company Registration No. 04688673
Huddersfield Decorators Merchants Limited
Notes to the financial statements
for the year ended 31 March 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT.

 

Turnover is recognised on the supply of goods and services.

Intangible fixed assets - goodwill

Goodwill is reviewed annually and once its economic life is considered to have become finite its cost will be written off by instalments over 10 years.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not Depreciated
Plant and machinery
15% Reducing Balance
Fixtures, fittings & equipment
15% Reducing Balance
Computer equipment
15% Reducing Balance
Motor vehicles
25% Reducing Balance

No depreciation is provided on freehold land and buildings since the properties are maintained in a continual state of good repair.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Huddersfield Decorators Merchants Limited
Notes to the financial statements (continued)
for the year ended 31 March 2023
1
Accounting policies
(continued)
- 4 -
Deferred tax

Deferred tax is recognised on all timing differences between the carrying amount of of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is then settled or the asset realised, based on the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
13
13
3
Intangible fixed assets
Total
£
Cost
At 1 April 2022 and 31 March 2023
63,000
Amortisation and impairment
At 1 April 2022
37,800
Amortisation charged for the year
6,300
At 31 March 2023
44,100
Carrying amount
At 31 March 2023
18,900
At 31 March 2022
25,200
Huddersfield Decorators Merchants Limited
Notes to the financial statements (continued)
for the year ended 31 March 2023
- 5 -
4
Tangible fixed assets
Freehold land and buildings
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2022
255,619
40,382
64,324
28,018
28,664
417,007
Additions
-
0
-
0
-
0
1,507
39,521
41,028
Disposals
-
0
-
0
-
0
-
0
(28,664)
(28,664)
At 31 March 2023
255,619
40,382
64,324
29,525
39,521
429,371
Depreciation and impairment
At 1 April 2022
-
0
35,842
40,956
11,447
19,594
107,839
Depreciation charged in the year
-
0
681
3,505
2,542
8,419
15,147
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(19,784)
(19,784)
At 31 March 2023
-
0
36,523
44,461
13,989
8,229
103,202
Carrying amount
At 31 March 2023
255,619
3,859
19,863
15,536
31,292
326,169
At 31 March 2022
255,619
4,540
23,368
16,571
9,070
309,168
5
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
13,405
8,353
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
100
100
100
100
Ordinary B Shares of £1 each
-
10
-
10
Ordinary C Shares of £1 each
-
10
-
10
100
120
100
120
7
Company information

Huddersfield Decorators Merchants Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 Ray Street, Huddersfield, West Yorkshire, HD1 6BL.

2023-03-312022-04-01false03 October 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityR KimberlinS V Haigh046886732022-04-012023-03-31046886732023-03-31046886732022-03-3104688673core:LandBuildingscore:OwnedOrFreeholdAssets2023-03-3104688673core:PlantMachinery2023-03-3104688673core:FurnitureFittings2023-03-3104688673core:ComputerEquipment2023-03-3104688673core:MotorVehicles2023-03-3104688673core:LandBuildingscore:OwnedOrFreeholdAssets2022-03-3104688673core:PlantMachinery2022-03-3104688673core:FurnitureFittings2022-03-3104688673core:ComputerEquipment2022-03-3104688673core:MotorVehicles2022-03-3104688673core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3104688673core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3104688673core:ShareCapital2023-03-3104688673core:ShareCapital2022-03-3104688673core:CapitalRedemptionReserve2023-03-3104688673core:CapitalRedemptionReserve2022-03-3104688673core:RetainedEarningsAccumulatedLosses2023-03-3104688673core:RetainedEarningsAccumulatedLosses2022-03-3104688673core:ShareCapitalOrdinaryShares2023-03-3104688673core:ShareCapitalOrdinaryShares2022-03-3104688673bus:Director12022-04-012023-03-3104688673core:Goodwill2022-04-012023-03-3104688673core:LandBuildingscore:OwnedOrFreeholdAssets2022-04-012023-03-3104688673core:PlantMachinery2022-04-012023-03-3104688673core:FurnitureFittings2022-04-012023-03-3104688673core:ComputerEquipment2022-04-012023-03-3104688673core:MotorVehicles2022-04-012023-03-31046886732021-04-012022-03-31046886732022-03-3104688673core:LandBuildingscore:OwnedOrFreeholdAssets2022-03-3104688673core:PlantMachinery2022-03-3104688673core:FurnitureFittings2022-03-3104688673core:ComputerEquipment2022-03-3104688673core:MotorVehicles2022-03-3104688673bus:PrivateLimitedCompanyLtd2022-04-012023-03-3104688673bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3104688673bus:FRS1022022-04-012023-03-3104688673bus:AuditExemptWithAccountantsReport2022-04-012023-03-3104688673bus:CompanySecretary12022-04-012023-03-3104688673bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP