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REGISTERED NUMBER: 07191800 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HANDYMANS HARDWARE & DIY LTD

HANDYMANS HARDWARE & DIY LTD (REGISTERED NUMBER: 07191800)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HANDYMANS HARDWARE & DIY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr C M Moran
Mr R S Walker





REGISTERED OFFICE: 23 Yarm Road
Stockton on Tees
Cleveland
TS18 3NJ





REGISTERED NUMBER: 07191800 (England and Wales)





ACCOUNTANTS: Lyons & Co Ltd
23 Yarm Road
Stockton on Tees
TS18 3NJ

HANDYMANS HARDWARE & DIY LTD (REGISTERED NUMBER: 07191800)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 46,179 54,290
46,179 54,290

CURRENT ASSETS
Stocks 54,987 53,840
Debtors 2,678 2,850
Cash at bank and in hand 42,232 35,583
99,897 92,273
CREDITORS
Amounts falling due within one year 58,445 36,763
NET CURRENT ASSETS 41,452 55,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,631

109,800

CREDITORS
Amounts falling due after more than one
year

-

(21,514

)

PROVISIONS FOR LIABILITIES 7 (4,704 ) (6,245 )
NET ASSETS 82,927 82,041

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,827 81,941
SHAREHOLDERS' FUNDS 82,927 82,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

HANDYMANS HARDWARE & DIY LTD (REGISTERED NUMBER: 07191800)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mr R S Walker - Director


HANDYMANS HARDWARE & DIY LTD (REGISTERED NUMBER: 07191800)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Handymans Hardware & DIY Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 33% on cost and 25% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation is provided in respect of short leasehold property as the directors estimate that the market value is equal to cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

HANDYMANS HARDWARE & DIY LTD (REGISTERED NUMBER: 07191800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 27,022
AMORTISATION
At 1 April 2023
and 31 March 2024 27,022
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 118,815
Additions 1,929
At 31 March 2024 120,744
DEPRECIATION
At 1 April 2023 64,525
Charge for year 10,040
At 31 March 2024 74,565
NET BOOK VALUE
At 31 March 2024 46,179
At 31 March 2023 54,290

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023
and 31 March 2024 36,413
DEPRECIATION
At 1 April 2023 9,673
Charge for year 6,685
At 31 March 2024 16,358
NET BOOK VALUE
At 31 March 2024 20,055
At 31 March 2023 26,740

HANDYMANS HARDWARE & DIY LTD (REGISTERED NUMBER: 07191800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/3/24 31/3/23
£    £   
Net obligations repayable:
Within one year 21,514 6,664
Between one and five years - 21,514
21,514 28,178

Non-cancellable operating leases
31/3/24 31/3/23
£    £   
Within one year 37,037 -
Between one and five years 66,535 -
103,572 -

7. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax 4,704 6,245

Deferred
tax
£   
Balance at 1 April 2023 6,245
Provided during year (1,541 )
Balance at 31 March 2024 4,704

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
Mr C M Moran
Balance outstanding at start of year - (3,947 )
Amounts advanced - 3,947
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. RELATED PARTY DISCLOSURES

During the year, the company paid rent of £25,500 (2023 - £8,500) to Boroughbridge Properties Ltd, a company controlled by Mr C Moran.

HANDYMANS HARDWARE & DIY LTD (REGISTERED NUMBER: 07191800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. ULTIMATE CONTROLLING PARTY

The company was controlled by Mr R S Walker during the year.