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REGISTERED NUMBER: 06162835 (England and Wales)















LL DIY HOME AND GARDEN CENTRE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






LL DIY HOME AND GARDEN CENTRE LIMITED (REGISTERED NUMBER: 06162835)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LL DIY HOME AND GARDEN CENTRE LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTOR: D K Morris





REGISTERED OFFICE: Station Approach
Barmouth
Gwynedd
LL42 1LU





REGISTERED NUMBER: 06162835 (England and Wales)





ACCOUNTANTS: E W Owen & Co
Glyndwr Buildings
Glyndwr Street
Dolgellau
Gwynedd
LL40 1BB

LL DIY HOME AND GARDEN CENTRE LIMITED (REGISTERED NUMBER: 06162835)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,416 23,218
Tangible assets 5 19,128 20,841
36,544 44,059

CURRENT ASSETS
Stocks 117,401 123,000
Debtors 6 163,428 144,372
Cash at bank and in hand 219,540 156,927
500,369 424,299
CREDITORS
Amounts falling due within one year 7 224,565 193,190
NET CURRENT ASSETS 275,804 231,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,348

275,168

PROVISIONS FOR LIABILITIES 4,143 3,888
NET ASSETS 308,205 271,280

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 308,204 271,279
SHAREHOLDERS' FUNDS 308,205 271,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LL DIY HOME AND GARDEN CENTRE LIMITED (REGISTERED NUMBER: 06162835)

BALANCE SHEET - continued
31 DECEMBER 2023


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

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

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





D K Morris - Director


LL DIY HOME AND GARDEN CENTRE LIMITED (REGISTERED NUMBER: 06162835)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023


1. STATUTORY INFORMATION

LL DIY Home and Garden Centre 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 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 2007, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery etc - 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.

Deferred tax
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.

LL DIY HOME AND GARDEN CENTRE LIMITED (REGISTERED NUMBER: 06162835)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 116,050
AMORTISATION
At 1 January 2023 92,832
Charge for year 5,802
At 31 December 2023 98,634
NET BOOK VALUE
At 31 December 2023 17,416
At 31 December 2022 23,218

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 33,864 14,172 25,554 9,089 82,679
Additions - 1,053 - 724 1,777
At 31 December 2023 33,864 15,225 25,554 9,813 84,456
DEPRECIATION
At 1 January 2023 23,520 7,405 24,680 6,233 61,838
Charge for year 1,035 1,564 175 716 3,490
At 31 December 2023 24,555 8,969 24,855 6,949 65,328
NET BOOK VALUE
At 31 December 2023 9,309 6,256 699 2,864 19,128
At 31 December 2022 10,344 6,767 874 2,856 20,841

LL DIY HOME AND GARDEN CENTRE LIMITED (REGISTERED NUMBER: 06162835)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,677 91,764
Other debtors 79,751 52,608
163,428 144,372

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Pre-receipt 71,257 38,831
Trade creditors 97,808 107,925
Taxation and social security 23,524 10,477
Other creditors 31,976 35,957
224,565 193,190