Registered number
08310132
Do It Yourself (Bradford) Ltd
Unaudited Filleted Accounts
31 January 2025
Do It Yourself (Bradford) Ltd
Registered number: 08310132
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 113,516 116,651
Current assets
Stocks 1,095,642 800,142
Debtors 4 132,127 195,930
Cash at bank and in hand 99,506 271,246
1,327,275 1,267,318
Creditors: amounts falling due within one year 5 (804,925) (817,645)
Net current assets 522,350 449,673
Net assets 635,866 566,324
Capital and reserves
Called up share capital 100 100
Profit and loss account 635,766 566,224
Shareholders' funds 635,866 566,324
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Saraj Mohammed
Director
Approved by the board on 5 March 2025
Do It Yourself (Bradford) Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 11 12
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 71,501 60,158 28,501 160,160
Additions - 8,864 - 8,864
Disposals - - (5,515) (5,515)
At 31 January 2025 71,501 69,022 22,986 163,509
Depreciation
At 1 February 2024 - 38,969 4,540 43,509
Charge for the year - 6,010 474 6,484
At 31 January 2025 - 44,979 5,014 49,993
Net book value
At 31 January 2025 71,501 24,043 17,972 113,516
At 31 January 2024 71,501 21,189 23,961 116,651
4 Debtors 2025 2024
£ £
Trade debtors 132,127 195,930
5 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 67,498 68,417
Trade creditors 654,705 644,986
VAT creditors 5,820 36,118
Taxation and social security costs 5,072 6,490
Director's loan account 71,830 61,634
804,925 817,645
6 Related party transactions
The credit balance on the director's loan account at the year end was £71,829 and balance(2024:£61,634). Mr Saraj Mohammed received a dividend from the company of £9,870 (2024:£7,000). Mrs Marium Bi Mohammed received a dividend from the company of £9,136 (2024:£7,000). Shareholder Omaira and Haleema received a dividend of £8,772 (2024: £7,000 each.
7 Controlling party
The directors are the ultimate controlling party.
8 Other information
Do It Yourself (Bradford) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
12 Killinghall Road
Bradford
West Yorkshire
BD3 8DS
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