IRIS Accounts Production v24.2.0.383 05004030 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050040302023-02-28050040302024-02-29050040302023-03-012024-02-29050040302022-05-31050040302022-06-012023-02-28050040302023-02-2805004030ns15:EnglandWales2023-03-012024-02-2905004030ns14:PoundSterling2023-03-012024-02-2905004030ns10:Director12023-03-012024-02-2905004030ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2905004030ns10:SmallEntities2023-03-012024-02-2905004030ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2905004030ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2905004030ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2905004030ns10:FullAccounts2023-03-012024-02-290500403012023-03-012024-02-2905004030ns10:Director22023-03-012024-02-2905004030ns10:RegisteredOffice2023-03-012024-02-2905004030ns5:CurrentFinancialInstruments2024-02-2905004030ns5:CurrentFinancialInstruments2023-02-2805004030ns5:Non-currentFinancialInstruments2024-02-2905004030ns5:Non-currentFinancialInstruments2023-02-2805004030ns5:ShareCapital2024-02-2905004030ns5:ShareCapital2023-02-2805004030ns5:RetainedEarningsAccumulatedLosses2024-02-2905004030ns5:RetainedEarningsAccumulatedLosses2023-02-2805004030ns5:NetGoodwill2023-03-012024-02-2905004030ns5:FurnitureFittings2023-03-012024-02-2905004030ns5:MotorVehicles2023-03-012024-02-2905004030ns5:ComputerEquipment2023-03-012024-02-2905004030ns5:NetGoodwill2023-02-2805004030ns5:NetGoodwill2024-02-2905004030ns5:NetGoodwill2023-02-2805004030ns5:FurnitureFittings2023-02-2805004030ns5:MotorVehicles2023-02-2805004030ns5:ComputerEquipment2023-02-2805004030ns5:FurnitureFittings2024-02-2905004030ns5:MotorVehicles2024-02-2905004030ns5:ComputerEquipment2024-02-2905004030ns5:FurnitureFittings2023-02-2805004030ns5:MotorVehicles2023-02-2805004030ns5:ComputerEquipment2023-02-2805004030ns5:CostValuation2023-02-2805004030ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2905004030ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2805004030ns5:WithinOneYear2024-02-2905004030ns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 05004030 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Aaron's Department Limited

Aaron's Department Limited (Registered number: 05004030)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aaron's Department Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D C Horsfall
Mrs M Horsfall





REGISTERED OFFICE: 43 Church Lane
Pudsey
Leeds
LS28 7RR





REGISTERED NUMBER: 05004030 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Aaron's Department Limited (Registered number: 05004030)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,628 31,919
Investments 6 97,394 97,394
122,022 129,313

CURRENT ASSETS
Stocks 151,532 19,898
Debtors 7 97,530 36,294
Cash at bank and in hand 43,030 57,609
292,092 113,801
CREDITORS
Amounts falling due within one year 8 345,087 137,111
NET CURRENT LIABILITIES (52,995 ) (23,310 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,027

106,003

CREDITORS
Amounts falling due after more than one
year

9

(31,020

)

(36,575

)

PROVISIONS FOR LIABILITIES (3,691 ) (4,133 )
NET ASSETS 34,316 65,295

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 33,916 64,895
SHAREHOLDERS' FUNDS 34,316 65,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Aaron's Department Limited (Registered number: 05004030)

Balance Sheet - continued
29 February 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:





D C Horsfall - Director


Aaron's Department Limited (Registered number: 05004030)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Aaron's Department 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 represents net invoiced services, exluding value added tax. Revenue is recognised when the company obtains the right to receive consideration for services provided.

Goodwill
Goodwill, being the amount paid in connection with the aquisition of a business in 2008, is being amortised over its estimated useful life of ten years.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit & loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Aaron's Department Limited (Registered number: 05004030)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 6 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 80,908
AMORTISATION
At 1 March 2023
and 29 February 2024 80,908
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

Aaron's Department Limited (Registered number: 05004030)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 21,375 22,526 89,946 133,847
DEPRECIATION
At 1 March 2023 14,531 14,805 72,592 101,928
Charge for year 1,025 1,930 4,336 7,291
At 29 February 2024 15,556 16,735 76,928 109,219
NET BOOK VALUE
At 29 February 2024 5,819 5,791 13,018 24,628
At 28 February 2023 6,844 7,721 17,354 31,919

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 97,394
NET BOOK VALUE
At 29 February 2024 97,394
At 28 February 2023 97,394

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 17,728 26,397
Other debtors 79,802 9,897
97,530 36,294

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 71,228 67,885
Amounts owed to group undertakings 217,360 11,500
Taxation and social security 24,856 20,855
Other creditors 26,087 31,315
345,087 137,111

Aaron's Department Limited (Registered number: 05004030)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 31,020 36,575

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,797 14,352

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29.2.24 28.2.23
£    £   
Within one year 5,283 1,536