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REGISTERED NUMBER: 01205770 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 30 March 2024

for

Handymans Supplies (Morley) Limited

Handymans Supplies (Morley) Limited (Registered number: 01205770)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Handymans Supplies (Morley) Limited (Registered number: 01205770)

Balance Sheet
30 March 2024

30.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,125 39,848

CURRENT ASSETS
Stocks 75,037 62,149
Debtors 5 2,638 24,446
Cash at bank and in hand 47,974 74,597
125,649 161,192
CREDITORS
Amounts falling due within one year 6 87,960 109,850
NET CURRENT ASSETS 37,689 51,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,814

91,190

CREDITORS
Amounts falling due after more than one
year

7

13,287

23,283
NET ASSETS 57,527 67,907

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 56,527 66,907
SHAREHOLDERS' FUNDS 57,527 67,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 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.

Handymans Supplies (Morley) Limited (Registered number: 01205770)

Balance Sheet - continued
30 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





B Kettlewell - Director


Handymans Supplies (Morley) Limited (Registered number: 01205770)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 March 2024

1. STATUTORY INFORMATION

Handymans Supplies (Morley) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01205770

Registered office: 17 Fountain Street
Morley
Leeds
West Yorkshire
LS27 9AE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue from the sale of goods is recognised when goods are delivered and legal title passes.

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

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write down or loss occurs. The amount of any reversal of any write down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.


Handymans Supplies (Morley) Limited (Registered number: 01205770)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The directors have considered the going concern position and will continue to extend funds to the company and will not withdraw monies already loaned until the company has sufficient cashflow to enable them to do so and therefore the company is able to meet its debts as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2023 - 9 ) .

Handymans Supplies (Morley) Limited (Registered number: 01205770)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023
and 30 March 2024 12,475 22,750 80,775
DEPRECIATION
At 1 April 2023 4,634 8,779 79,427
Charge for period 250 2,095 202
At 30 March 2024 4,884 10,874 79,629
NET BOOK VALUE
At 30 March 2024 7,591 11,876 1,146
At 31 March 2023 7,841 13,971 1,348

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 30 March 2024 32,649 32,410 181,059
DEPRECIATION
At 1 April 2023 18,875 29,496 141,211
Charge for period 3,444 732 6,723
At 30 March 2024 22,319 30,228 147,934
NET BOOK VALUE
At 30 March 2024 10,330 2,182 33,125
At 31 March 2023 13,774 2,914 39,848

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Trade debtors 2,638 24,446

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Bank loans and overdrafts 8,384 8,384
Trade creditors 49,050 58,862
Social security and other taxes 3,075 2,901
VAT 15,092 30,257
Directors' current accounts 8,998 6,944
Accrued expenses 3,361 2,502
87,960 109,850

Handymans Supplies (Morley) Limited (Registered number: 01205770)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.24 31.3.23
£    £   
Bank loan 1 - 2 years 8,384 8,384
Bank loans - 2-5 years 4,903 14,899
13,287 23,283

8. SECURED DEBTS

The following secured debts are included within creditors:

30.3.24 31.3.23
£    £   
Bank loans 21,671 31,667

Hire Purchase creditors are secured on the related assets concerned.

Lloyds business accounts and loan are secured by an unlimited debenture dated 18/2/1999 incorporating a fixed and floating charge.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors provided an interest free loan to the company.

Amount due to related party as at 31st March 2024 was £8,995 and in 2023 the balance was £6,944.