Company Registration No. 10147712 (England and Wales)
Perivale Hardware Ltd
Unaudited Financial Statements
for the year ended 30 April 2024
Perivale Hardware Ltd
Unaudited Financial Statements
Contents
Perivale Hardware Ltd
Company Information
for the year ended 30 April 2024
Directors
Mr Harish Lalji Gami
Mr Ankush Harish Gami
Company Number
10147712 (England and Wales)
Registered Office
West Ealing Timber
151-153 Uxbridge Road
London
W13 9AU
England
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
Perivale Hardware Ltd
Statement of financial position
as at 30 April 2024
Intangible assets
282,073
301,267
Tangible assets
109,897
149,179
Inventories
736,625
698,056
Cash at bank and in hand
45,751
34,476
Creditors: amounts falling due within one year
(1,174,384)
(1,225,171)
Net current assets
173,173
111,837
Total assets less current liabilities
565,143
562,283
Creditors: amounts falling due after more than one year
(318,621)
(366,990)
Net assets
246,522
195,293
Called up share capital
100
100
Profit and loss account
246,422
195,193
Shareholders' funds
246,522
195,293
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by
Mr Harish Lalji Gami
Director
Company Registration No. 10147712
Perivale Hardware Ltd
Notes to the Accounts
for the year ended 30 April 2024
Perivale Hardware Ltd is a private company, limited by shares, registered in England and Wales, registration number 10147712. The registered office is West Ealing Timber, 151-153 Uxbridge Road, London, W13 9AU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Depreciated at 25% on reducing balance method
Fixtures & fittings
Depreciated at 25% on straight line method
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Perivale Hardware Ltd
Notes to the Accounts
for the year ended 30 April 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
Charge for the year
19,194
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2023
198,340
28,125
226,465
At 30 April 2024
198,340
31,325
229,665
At 1 May 2023
58,424
18,862
77,286
Charge for the year
34,979
7,503
42,482
At 30 April 2024
93,403
26,365
119,768
At 30 April 2024
104,937
4,960
109,897
At 30 April 2023
139,916
9,263
149,179
Perivale Hardware Ltd
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
202,948
125,083
Accrued income and prepayments
10,759
88,745
Other debtors
334,370
367,260
Amounts falling due after more than one year
Other debtors
17,104
23,388
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
713,451
729,339
Taxes and social security
56,460
48,713
Other creditors
14,642
10,760
Loans from directors
379,553
382,364
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
121,954
160,323
Other creditors
175,000
175,000
9
Average number of employees
During the year the average number of employees was 13 (2023: 8).