Company registration number 04688673 (England and Wales)
Huddersfield Decorators Merchants Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 March 2024
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 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
12,600
18,900
Tangible assets
4
312,903
326,169
325,503
345,069
Current assets
Stocks
283,528
291,845
Debtors
79,373
118,363
Cash at bank and in hand
343,137
326,053
706,038
736,261
Creditors: amounts falling due within one year
(195,638)
(253,884)
Net current assets
510,400
482,377
Total assets less current liabilities
835,903
827,446
Provisions for liabilities
5
(10,884)
(13,405)
Net assets
825,019
814,041
Capital and reserves
Called up share capital
6
100
100
Capital redemption reserve
20
20
Profit and loss reserves
824,899
813,921
Total equity
825,019
814,041
Huddersfield Decorators Merchants Limited
Statement Of Financial Position (continued)
as at 31 March 2024
- 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 2024 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 29 August 2024
R Kimberlin
Director
Company Registration No. 04688673
Huddersfield Decorators Merchants Limited
Notes to the financial statements
for the year ended 31 March 2024
- 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 2024
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:

2024
2023
Number
Number
Total
11
13
3
Intangible fixed assets
Total
£
Cost
At 1 April 2023 and 31 March 2024
63,000
Amortisation and impairment
At 1 April 2023
44,100
Amortisation charged for the year
6,300
At 31 March 2024
50,400
Carrying amount
At 31 March 2024
12,600
At 31 March 2023
18,900
Huddersfield Decorators Merchants Limited
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 5 -
4
Tangible fixed assets
Freehold land and buildings
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2023
255,619
40,382
64,324
29,525
39,521
429,371
Additions
-
0
-
0
-
0
524
-
0
524
At 31 March 2024
255,619
40,382
64,324
30,049
39,521
429,895
Depreciation and impairment
At 1 April 2023
-
0
36,523
44,461
13,989
8,229
103,202
Depreciation charged in the year
-
0
579
2,979
2,410
7,822
13,790
At 31 March 2024
-
0
37,102
47,440
16,399
16,051
116,992
Carrying amount
At 31 March 2024
255,619
3,280
16,884
13,650
23,470
312,903
At 31 March 2023
255,619
3,859
19,863
15,536
31,292
326,169
5
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
10,884
13,405
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
100
100
100
100
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.

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