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REGISTERED NUMBER: SC178606 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PETERHEAD HARDWARE & DIY LIMITED

PETERHEAD HARDWARE & DIY LIMITED (REGISTERED NUMBER: SC178606)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


PETERHEAD HARDWARE & DIY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr G Taylor
Mrs N Taylor
Mr M G Taylor



SECRETARY: Masson Glennie LLP



REGISTERED OFFICE: Broad House
Broad Street
Peterhead
AB42 1HY



REGISTERED NUMBER: SC178606 (Scotland)



ACCOUNTANTS: Bain Henry Reid
Chartered Accountants
28 Broad Street
Peterhead
Aberdeenshire
AB42 1BY



BANKERS: Clydesdale Bank Plc
43 Broad Street
Peterhead
Aberdeenshire
AB42 1JB

PETERHEAD HARDWARE & DIY LIMITED (REGISTERED NUMBER: SC178606)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 726,716 658,669

CURRENT ASSETS
Stocks 598,761 603,761
Debtors 5 986,755 922,090
Investments 6 1,200 1,200
Cash at bank and in hand 2,709,444 2,587,489
4,296,160 4,114,540
CREDITORS
Amounts falling due within one year 7 722,589 686,368
NET CURRENT ASSETS 3,573,571 3,428,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,300,287

4,086,841

PROVISIONS FOR LIABILITIES (68,329 ) (96,204 )

ACCRUALS AND DEFERRED INCOME 8 (5,559 ) (8,685 )
NET ASSETS 4,226,399 3,981,952

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 4,126,399 3,881,952
4,226,399 3,981,952

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

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

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 17 April 2025 and were signed on its behalf by:




Mr G Taylor - Director


PETERHEAD HARDWARE & DIY LIMITED (REGISTERED NUMBER: SC178606)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Peterhead Hardware & DIY Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost and 20% on reducing balance

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

Taxation
Taxation for the year 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2023 - 14 ) .

PETERHEAD HARDWARE & DIY LIMITED (REGISTERED NUMBER: SC178606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 645,800 560,416 1,206,216
Additions 112,210 60,064 172,274
Disposals - (45,933 ) (45,933 )
At 30 September 2024 758,010 574,547 1,332,557
DEPRECIATION
At 1 October 2023 287,654 259,893 547,547
Charge for year 15,155 64,192 79,347
Eliminated on disposal - (21,053 ) (21,053 )
At 30 September 2024 302,809 303,032 605,841
NET BOOK VALUE
At 30 September 2024 455,201 271,515 726,716
At 30 September 2023 358,146 300,523 658,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 863,897 790,318
Other debtors 122,858 131,772
986,755 922,090

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 1,200 1,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 519,181 485,407
Taxation and social security 192,442 188,765
Other creditors 10,966 12,196
722,589 686,368

8. ACCRUALS AND DEFERRED INCOME
2024 2023
£    £   
Deferred government grants 5,559 8,685

PETERHEAD HARDWARE & DIY LIMITED (REGISTERED NUMBER: SC178606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr G Taylor and Mrs N Taylor
Balance outstanding at start of year 2,624 2,624
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,624 2,624

The loan is interest free and there are no fixed terms of repayment.