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REGISTERED NUMBER: 00876069 (England and Wales)












HALSTED D.I.Y. LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






HALSTED D.I.Y. LIMITED (REGISTERED NUMBER: 00876069)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HALSTED D.I.Y. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D M Halsted
Mrs J C Halsted





SECRETARY:





REGISTERED OFFICE: 6 Commons Road
Pembroke
Pembrokeshire
SA71 4ED





REGISTERED NUMBER: 00876069 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
Castle Chambers
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB

HALSTED D.I.Y. LIMITED (REGISTERED NUMBER: 00876069)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 228,483 228,043

CURRENT ASSETS
Stocks 24,500 26,000
Debtors 5 16,191 20,432
Cash at bank and in hand 38,997 27,057
79,688 73,489
CREDITORS
Amounts falling due within one year 6 123,250 48,913
NET CURRENT (LIABILITIES)/ASSETS (43,562 ) 24,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,921

252,619

CREDITORS
Amounts falling due after more than one
year

7

9,311

9,446
NET ASSETS 175,610 243,173

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 6,375 6,375
Retained earnings 168,235 235,798
SHAREHOLDERS' FUNDS 175,610 243,173

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.

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 Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





D M Halsted - Director


HALSTED D.I.Y. LIMITED (REGISTERED NUMBER: 00876069)

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

1. STATUTORY INFORMATION

Halsted D.I.Y. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Plant and Machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Government grants
Government grants on capital expenditure are credited to a deferral account and are released to revenue over the expected useful life of the relevant asset by equal annual instalments. Grants of a revenue nature are credited to income in the period to which they relate.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

HALSTED D.I.Y. LIMITED (REGISTERED NUMBER: 00876069)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property Machinery
£    £    £   
COST
At 1 April 2023 117,670 138,762 10,761
Additions - 5,940 -
At 31 March 2024 117,670 144,702 10,761
DEPRECIATION
At 1 April 2023 29,017 11,381 10,610
Charge for year 1,177 1,447 33
At 31 March 2024 30,194 12,828 10,643
NET BOOK VALUE
At 31 March 2024 87,476 131,874 118
At 31 March 2023 88,653 127,381 151

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 38,094 34,572 339,859
Additions - - 5,940
At 31 March 2024 38,094 34,572 345,799
DEPRECIATION
At 1 April 2023 36,431 24,377 111,816
Charge for year 294 2,549 5,500
At 31 March 2024 36,725 26,926 117,316
NET BOOK VALUE
At 31 March 2024 1,369 7,646 228,483
At 31 March 2023 1,663 10,195 228,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,924 19,249
Other debtors 9,267 1,183
16,191 20,432

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,371 26,422
Taxation and social security 11,884 10,560
Other creditors 92,995 11,931
123,250 48,913

HALSTED D.I.Y. LIMITED (REGISTERED NUMBER: 00876069)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 9,311 9,446

8. ULTIMATE CONTROLLING PARTY

The company is controlled by D M Halsted by virtue of his 51% holding of the issued share capital.