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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
Page
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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
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Perivale Hardware Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
282,073 
301,267 
Tangible assets
109,897 
149,179 
391,970 
450,446 
Current assets
Inventories
736,625 
698,056 
Debtors
565,181 
604,476 
Cash at bank and in hand
45,751 
34,476 
1,347,557 
1,337,008 
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 
Capital and reserves
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
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Perivale Hardware Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Financial instruments
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.
Pension costs
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.
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Perivale Hardware Ltd Notes to the Accounts for the year ended 30 April 2024
Leased assets
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 
£ 
Cost
At 1 May 2023
383,875 
At 30 April 2024
383,875 
Amortisation
At 1 May 2023
82,608 
Charge for the year
19,194 
At 30 April 2024
101,802 
Net book value
At 30 April 2024
282,073 
At 30 April 2023
301,267 
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 
Additions
- 
3,200 
3,200 
At 30 April 2024
198,340 
31,325 
229,665 
Depreciation
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 
Net book value
At 30 April 2024
104,937 
4,960 
109,897 
At 30 April 2023
139,916 
9,263 
149,179 
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Perivale Hardware Ltd Notes to the Accounts for the year ended 30 April 2024
6
Debtors
2024 
2023 
£ 
£ 
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 
548,077 
581,088 
Amounts falling due after more than one year
Other debtors
17,104 
23,388 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,115 
48,445 
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 
Accruals
4,163 
5,550 
1,174,384 
1,225,171 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,667 
31,667 
Obligations under finance leases and hire purchase contracts
121,954 
160,323 
Other creditors
175,000 
175,000 
318,621 
366,990 
9
Average number of employees
During the year the average number of employees was 13 (2023: 8).
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