IRIS Accounts Production v25.1.0.734 00421363 Board of Directors Board of Directors 1.10.23 28.9.24 28.9.24 Medium entities true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary shares of £1 each 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh004213632023-09-30004213632024-09-28004213632023-10-012024-09-28004213632022-10-01004213632022-10-022023-09-30004213632023-09-3000421363ns15:EnglandWales2023-10-012024-09-2800421363ns14:PoundSterling2023-10-012024-09-2800421363ns10:Director12023-10-012024-09-2800421363ns10:Director22023-10-012024-09-2800421363ns10:PrivateLimitedCompanyLtd2023-10-012024-09-2800421363ns10:MediumEntities2023-10-012024-09-2800421363ns10:Audited2023-10-012024-09-2800421363ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-10-012024-09-2800421363ns10:Medium-sizedCompaniesRegimeForAccounts2023-10-012024-09-2800421363ns10:FullAccounts2023-10-012024-09-2800421363ns10:OrdinaryShareClass12023-10-012024-09-2800421363ns10:Director32023-10-012024-09-2800421363ns10:Director42023-10-012024-09-2800421363ns10:Director52023-10-012024-09-2800421363ns10:Director62023-10-012024-09-2800421363ns10:Director72023-10-012024-09-2800421363ns10:Director82023-10-012024-09-2800421363ns10:CompanySecretary12023-10-012024-09-2800421363ns10:RegisteredOffice2023-10-012024-09-2800421363ns5:CurrentFinancialInstruments2024-09-2800421363ns5:CurrentFinancialInstruments2023-09-3000421363ns5:Non-currentFinancialInstruments2024-09-2800421363ns5:Non-currentFinancialInstruments2023-09-3000421363ns5:ShareCapital2024-09-2800421363ns5:ShareCapital2023-09-3000421363ns5:SharePremium2024-09-2800421363ns5:SharePremium2023-09-3000421363ns5:RevaluationReserve2024-09-2800421363ns5:RevaluationReserve2023-09-3000421363ns5:CapitalRedemptionReserve2024-09-2800421363ns5:CapitalRedemptionReserve2023-09-3000421363ns5:RetainedEarningsAccumulatedLosses2024-09-2800421363ns5:RetainedEarningsAccumulatedLosses2023-09-3000421363ns5:ShareCapital2022-10-0100421363ns5:RetainedEarningsAccumulatedLosses2022-10-0100421363ns5:SharePremium2022-10-0100421363ns5:RetainedEarningsAccumulatedLosses2022-10-022023-09-3000421363ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-2800421363ns5:RevaluationReserve2022-10-0100421363ns5:CapitalRedemptionReserve2022-10-0100421363ns5:RevaluationReserve2022-10-022023-09-3000421363ns5:CapitalRedemptionReserve2022-10-022023-09-3000421363ns5:RevaluationReserve2023-10-012024-09-2800421363ns5:CapitalRedemptionReserve2023-10-012024-09-280042136312023-10-012024-09-2800421363ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-10-012024-09-2800421363ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-012024-09-2800421363ns5:FurnitureFittings2023-10-012024-09-2800421363ns5:MotorVehicles2023-10-012024-09-280042136312023-10-012024-09-280042136312022-10-022023-09-3000421363ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2023-10-012024-09-2800421363ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2022-10-022023-09-3000421363ns5:OwnedAssets2023-10-012024-09-2800421363ns5:OwnedAssets2022-10-022023-09-3000421363ns10:OrdinaryShareClass12022-10-022023-09-3000421363ns5:LandBuildings2023-09-3000421363ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-3000421363ns5:FurnitureFittings2023-09-3000421363ns5:MotorVehicles2023-09-3000421363ns5:LandBuildings2023-10-012024-09-2800421363ns5:LandBuildings2024-09-2800421363ns5:LongLeaseholdAssetsns5:LandBuildings2024-09-2800421363ns5:FurnitureFittings2024-09-2800421363ns5:MotorVehicles2024-09-2800421363ns5:LandBuildings2023-09-3000421363ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-3000421363ns5:FurnitureFittings2023-09-3000421363ns5:MotorVehicles2023-09-3000421363ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-2800421363ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3000421363ns5:CurrentFinancialInstruments2023-10-012024-09-2800421363ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-09-2800421363ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3000421363ns5:WithinOneYear2024-09-2800421363ns5:WithinOneYear2023-09-3000421363ns5:BetweenOneFiveYears2024-09-2800421363ns5:BetweenOneFiveYears2023-09-3000421363ns5:MoreThanFiveYears2024-09-2800421363ns5:MoreThanFiveYears2023-09-3000421363ns5:AllPeriods2024-09-2800421363ns5:AllPeriods2023-09-3000421363ns5:DeferredTaxation2023-09-3000421363ns5:DeferredTaxation2023-10-012024-09-2800421363ns5:DeferredTaxation2024-09-2800421363ns10:OrdinaryShareClass12024-09-28
REGISTERED NUMBER: 00421363 (England and Wales)















Strategic Report, Directors' Report and

Financial Statements for the Period 1 October 2023 to 28 September 2024

for

W.J.Aldiss Limited

W.J.Aldiss Limited (Registered number: 00421363)

Contents of the Financial Statements
for the Period 1 October 2023 to 28 September 2024










Page

Company Information 1

Strategic Report 2

Directors' Report 4

Report of the Independent Auditors 6

Statement of Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Financial Statements 14


W.J.Aldiss Limited

Company Information
for the Period 1 October 2023 to 28 September 2024







Directors: Mr T E Summers BSc ACA
Mr T C Aldiss
Mrs P S Aldiss
Mr D V Simpson
Mr P Clifford
Mr E J Kump
Ms C L Aldiss
Mrs A C Kump





Secretary: Mr T E Summers BSc ACA





Registered office: Oxborough Lane
Fakenham
Norfolk
NR21 8AF





Registered number: 00421363 (England and Wales)





Auditors: Stephenson Smart (East Anglia) Limited
Chartered accountants & statutory auditor
22-26 King Street
King's Lynn
Norfolk
PE30 1HJ

W.J.Aldiss Limited (Registered number: 00421363)

Strategic Report
for the Period 1 October 2023 to 28 September 2024


The directors present their strategic report for the period 1 October 2023 to 28 September 2024.

Review of business
The attached financial statements represent the results for the 52 week period ended 28 September 2024. Delivered turnover has increased by 0.58%, consequently the company has made a profit on ordinary activities before taxation of £682,798 for the 52 week period compared to a profit of £682,187 in the prior 52 week period. Intake turnover was also positive, particularly in the first half of the year, but the stronger delivered figures meant that there was a reduction in the year end order book.

Future developments
The year end order book was £2.96m, £186k down on the prior year. Despite this decrease the directors are confident that the company should again produce a profit for the next twelve months, assuming that trade continues at the current rate. It is expected that works commenced at the Fakenham distribution centre towards the end of the current financial year, will also be completed over the next twelve months.

Principal risks and uncertainties
In addition to the financial risks discussed, the company faces a number of commercial risks which are in keeping with other businesses operating in the retail sector. The directors consider that the key ones are:
- economic conditions affecting consumers' disposable incomes; and
- the ability to attract and retain the right number and quality of staff

Risks are regularly reviewed by the directors with a view to setting appropriate contingency plans.

Financial risk management objectives and policies
In common with other businesses, the company aims to minimise financial risk. The measures used by the directors to manage the risk include the preparation of detailed profit and cash flow forecasts, regular monitoring of actual performance against these forecasts and ensuring that adequate financing facilities are in place to meet the requirements of the business.

Wherever possible the full sale value is collected at point of sale or prior to delivery. Trade debtors are therefore kept to a minimum level. Creditor terms are reviewed on a regular basis and stock is kept in secure environments with adequate insurance cover. Levels of stock are closely monitored to reduce the risk of slow moving stocks being held.


W.J.Aldiss Limited (Registered number: 00421363)

Strategic Report
for the Period 1 October 2023 to 28 September 2024

Financial key performance indicators
The company uses a range of performance measures to monitor and manage the business effectively. These are both financial and non-financial and the most significant of these are the key performance indicators (KPI's). The key financial performance indicators are retail business generated, total delivered sales i.e. financial statement turnover, gross profit and margin and EBITDA. Retail business generated is defined as furniture and carpet orders placed plus homewares and restaurant sales stated at retail value i.e. including VAT. These KPI's indicate the volume of business generated as well as the efficiency and profitability with which order intake is converted into delivered sales. The key non-financial performance indicator is the average monthly number of staff employed by the company. The KPI's for the 52 week period ended 28 September 2024 with comparatives for the 52 week period to 1 October 2023 are set out below:

2024 2023
Retail business generated £   's 26,303 25,442
Delivered sales - financial statement turnover £   's 21,550 21,424
Gross profit £   's 9,236 9,281
Gross margin % 43 43
EBITDA £   's 936 957
Average monthly number of staff 179 179
Average sales per employee £   's 120 120

Retail sales order intake (measured at point of sale) increased by 3.38% for the 52 week period to 28 September 2024 and delivered sales increased by 0.58%. The order book going into the new financial year is very positive at £2.96m.

Average staff numbers have remained the same as the previous period.

On behalf of the board:





Mr D V Simpson - Director


19 December 2024

W.J.Aldiss Limited (Registered number: 00421363)

Directors' Report
for the Period 1 October 2023 to 28 September 2024


The directors present their report with the financial statements of the company for the period 1 October 2023 to 28 September 2024.

Principal activity
The principal activity of the company during the period was the retailing of furniture, household textiles and furnishings. The company is a UK registered company with the registered number 00421363.

Dividends
An interim dividend of 5.67 per share was paid on 20 December 2023. The directors recommend a final dividend of 9.45 per share, making a total of 15.12 per share for the period ended 28 September 2024.

The total distribution of dividends for the period ended 28 September 2024 will be £ 399,924 .

Directors
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

Mr T E Summers BSc ACA
Mr T C Aldiss
Mrs P S Aldiss
Mr D V Simpson
Mr P Clifford
Mr E J Kump
Ms C L Aldiss
Mrs A C Kump

Directors indemnity insurance
The company has taken out third party indemnity insurance on behalf of its directors.

Disclosure in the strategic report
The following sections which have previously been included within the Directors' report are now included within the strategic report:

- Business review
- Principal risks and uncertainties
- Financial key performance indicators
- Financial risk management objectives and policies
- Future developments


W.J.Aldiss Limited (Registered number: 00421363)

Directors' Report
for the Period 1 October 2023 to 28 September 2024

Statement of directors' responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors
The auditors, Stephenson Smart (East Anglia) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:





Mr T E Summers BSc ACA - Director


19 December 2024

Report of the Independent Auditors to the Members of
W.J.Aldiss Limited


Opinion
We have audited the financial statements of W.J.Aldiss Limited (the 'company') for the period ended 28 September 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 28 September 2024 and of its profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Directors' Report, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
W.J.Aldiss Limited


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
W.J.Aldiss Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.

The following laws and regulations were identified as being of significance to the entity:

a) Those laws and regulations considered to have a direct effect on the financial statements include UK Financial Reporting Standards, Company Law, tax and pensions legislation, and distributable profits legislation.

b) Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include licensing regulations and health and safety legislation.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.


Report of the Independent Auditors to the Members of
W.J.Aldiss Limited

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Martyn Benstead FCCA (Senior Statutory Auditor)
for and on behalf of Stephenson Smart (East Anglia) Limited
Chartered accountants & statutory auditor
22-26 King Street
King's Lynn
Norfolk
PE30 1HJ

19 December 2024

W.J.Aldiss Limited (Registered number: 00421363)

Statement of Comprehensive Income
for the Period 1 October 2023 to 28 September 2024

Period Period
1.10.23 2.10.22
to to
28.9.24 30.9.23
Notes £ £

Turnover 4 21,550,486 21,423,834

Cost of sales (12,314,551 ) (12,143,263 )
Gross profit 9,235,935 9,280,571

Administrative expenses (8,928,402 ) (8,945,021 )
307,533 335,550

Other operating income 5 333,731 373,861
Operating profit 8 641,264 709,411

Interest receivable and similar income 10 47,319 27,744
688,583 737,155

Interest payable and similar expenses 11 (5,785 ) (54,968 )
Profit before taxation 682,798 682,187

Tax on profit 12 (168,189 ) (180,000 )
Profit for the financial period 514,609 502,187

Other comprehensive income - -
Total comprehensive income for the period 514,609 502,187

W.J.Aldiss Limited (Registered number: 00421363)

Balance Sheet
28 September 2024

28.9.24 30.9.23
Notes £ £
Fixed assets
Tangible assets 14 3,897,723 3,467,902

Current assets
Stocks 15 3,178,134 3,383,572
Debtors 16 656,223 737,772
Cash at bank and in hand 1,902,256 2,268,666
5,736,613 6,390,010
Creditors
Amounts falling due within one year 17 (5,184,242 ) (5,347,836 )
Net current assets 552,371 1,042,174
Total assets less current liabilities 4,450,094 4,510,076

Creditors
Amounts falling due after more than one
year

18

-

(236,667

)

Provisions for liabilities 22 (375,000 ) (313,000 )
Net assets 4,075,094 3,960,409

Capital and reserves
Called up share capital 23 26,450 26,450
Share premium 24 53,924 53,924
Revaluation reserve 24 823,058 823,572
Capital redemption reserve 24 6,165 6,165
Retained earnings 24 3,165,497 3,050,298
Shareholders' funds 4,075,094 3,960,409

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:




Mr D V Simpson - Director



Mr T E Summers BSc ACA - Director


W.J.Aldiss Limited (Registered number: 00421363)

Statement of Changes in Equity
for the Period 1 October 2023 to 28 September 2024

Called up
share Retained Share
capital earnings premium
£ £ £
Balance at 2 October 2022 26,450 2,848,523 53,924

Changes in equity
Profit for the period - 502,187 -
Other comprehensive income - (50,459 ) -
Total comprehensive income - 451,728 -
Dividends - (249,953 ) -
Balance at 30 September 2023 26,450 3,050,298 53,924

Changes in equity
Profit for the period - 514,609 -
Other comprehensive income - 514 -
Total comprehensive income - 515,123 -
Dividends - (399,924 ) -
Balance at 28 September 2024 26,450 3,165,497 53,924
Capital
Revaluation redemption Total
reserve reserve equity
£ £ £
Balance at 2 October 2022 773,113 6,165 3,708,175

Changes in equity
Profit for the period - - 502,187
Other comprehensive income 50,459 - -
Total comprehensive income 50,459 - 502,187
Dividends - - (249,953 )
Balance at 30 September 2023 823,572 6,165 3,960,409

Changes in equity
Profit for the period - - 514,609
Other comprehensive income (514 ) - -
Total comprehensive income (514 ) - 514,609
Dividends - - (399,924 )
Balance at 28 September 2024 823,058 6,165 4,075,094

W.J.Aldiss Limited (Registered number: 00421363)

Cash Flow Statement
for the Period 1 October 2023 to 28 September 2024

Period Period
1.10.23 2.10.22
to to
28.9.24 30.9.23
Notes £ £
Cash flows from operating activities
Cash generated from operations 28 1,103,552 708,913
Interest paid (5,785 ) (54,968 )
Tax paid (52 ) (175,790 )
Net cash from operating activities 1,097,715 478,155

Cash flows from investing activities
Purchase of tangible fixed assets (746,552 ) (966,661 )
Sale of tangible fixed assets 13,699 44,090
Interest received 47,319 27,744
Net cash from investing activities (685,534 ) (894,827 )

Cash flows from financing activities
Loan repayments in year (378,667 ) (846,591 )
Equity dividends paid (399,924 ) (249,953 )
Net cash from financing activities (778,591 ) (1,096,544 )

Decrease in cash and cash equivalents (366,410 ) (1,513,216 )
Cash and cash equivalents at beginning of
period

29

2,268,666

3,781,882

Cash and cash equivalents at end of period 29 1,902,256 2,268,666

W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements
for the Period 1 October 2023 to 28 September 2024


1. Statutory information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 78-84 Colmore Row, Birmingham, West Midlands, B3 2AB.

2. Statement of compliance

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" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

The figures in the financial statements are rounded to the nearest whole pound sterling.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future, and by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant impact upon the figures reported in the financial statements are:

Depreciation rates applicable for the period, and therefore the carrying value of assets and the total comprehensive income for the period after depreciation is charged.

The estimation of current tax payable and current tax expense in relation to tax position and the deferred tax position, impacted by taxation rates which are subject to change in future periods.

W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


3. Accounting policies - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer (usually on delivery of the goods), the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.


Other operating income

Other operating income is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Rental income is recognised at the point of invoicing, being the point when the significant risks and rewards of the service are transferred to the buyer.

Commissions receivable income is recognised upon receipt of credit invoice from a supplier or at the point of invoicing, with methodology dependent upon supplier rebate process. This commissions receivable income is generated from supplier rebates. At the point of receiving credit invoice or invoicing the supplier it is deemed that risk and reward of ownership has transferred.

W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


3. Accounting policies - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% straight line
Long leasehold - 6.66% on cost or over the term of lease
Fixtures and fittings - 4% - 33% on cost
Motor vehicles - 25% p.a. reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete and sell.

W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.


W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


3. Accounting policies - continued
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.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Foreign currency translation
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

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.

W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


3. Accounting policies - continued

Going concern
The company's business activities, together with the factors likely to affect its future developments are set out in the Strategic report on pages 2 to 3 together with its financial risk management objectives and policies. As highlighted in the balance sheet, the company meets its day to day working capital requirements through cash balances.

While the current economic conditions continue to generate a very competitive trading environment the company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facilities.

The directors therefore have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to adopt the going concern basis of accounting in preparing the annual financial statement.

Supplier arrangements
The company enters into a number of agreements with its suppliers which result in the company receiving rebates calculated by reference to the volume and/or value of purchases placed with such suppliers. Such rebates are generally calculated on a calendar year basis and are therefore non-coterminous with the accounting reference date. Consequently the value of such rebates is calculated for financial statement purposes by reference to the actual rebate scale provided by the supplier and the purchase run rate for the current financial year.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.

4. Turnover

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Other operating income
Period Period
1.10.23 2.10.22
to to
28.9.24 30.9.23
£ £
Rents received 114,897 156,301
Card claim income 51,054 -
Commissions receivable 167,780 217,560
333,731 373,861

W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


6. Employees and directors
Period Period
1.10.23 2.10.22
to to
28.9.24 30.9.23
£ £
Wages and salaries 4,433,993 4,300,925
Social security costs 490,586 494,833
Other pension costs 462,323 428,015
5,386,902 5,223,773

The average number of employees during the period was as follows:
Period Period
1.10.23 2.10.22
to to
28.9.24 30.9.23

Distribution staff 32 31
Administrative staff 46 47
Management staff 14 14
Number of other staff - shop assistants 87 87
179 179

W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


7. Directors' emoluments

The directors' aggregate remuneration in respect of qualifying services was:



Period
1.10.23 to
28.09.24
Period
2.10.22 to
30.09.23
£    £   
Remuneration 600,823 632,069
Benefits in kind 27,104 37,516
Company contributions to defined contribution plan 132,130 106,508
760,057 776,093

The number of directors who accrued benefits under company pension plans was as follows:




Period
1.10.23 to
28.09.24
Period
2.10.22 to
30.09.23
No. No.
Defined contribution plans 2 2

Remuneration of the highest paid director in respect of qualifying services:



Period
1.10.23 to
28.09.24
Period
2.10.22 to
30.09.23
£    £   
Remuneration 156,141 223,868
Benefits in kind 3,631 3,342
Company contributions to defined contribution plan 72,021 22,705
231,793 249,915

8. Operating profit

The operating profit is stated after charging/(crediting):

Period Period
1.10.23 2.10.22
to to
28.9.24 30.9.23
£ £
Hire of plant and machinery 28,370 7,881
Other operating leases 742,230 666,512
Depreciation - owned assets 294,272 248,093
Loss on disposal of fixed assets 8,760 6,133
Foreign exchange differences 3,225 (1,684 )

W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


9. Auditors' remuneration
Period Period
1.10.23 2.10.22
to to
28.9.24 30.9.23
£ £
Fees payable to the company's auditors for the audit of the company's
financial statements

19,000

18,500

10. Interest receivable and similar income
Period Period
1.10.23 2.10.22
to to
28.9.24 30.9.23
£ £
Interest receivable 47,319 27,744

11. Interest payable and similar expenses
Period Period
1.10.23 2.10.22
to to
28.9.24 30.9.23
£ £
Bank loan interest 5,785 54,968

12. Taxation

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
Period Period
1.10.23 2.10.22
to to
28.9.24 30.9.23
£ £
Current tax:
UK corporation tax 106,189 -

Deferred tax 62,000 180,000
Tax on profit 168,189 180,000

W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


12. Taxation - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the period is lower than the standard rate of corporation tax in the UK. The difference is explained below:

Period Period
1.10.23 2.10.22
to to
28.9.24 30.9.23
£ £
Profit before tax 682,798 682,187
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 25%)

170,700

170,547

Effects of:
Expenses not deductible for tax purposes - 313
Adjustments to tax charge in respect of previous periods (10,532 ) -
Depreciation on non qualifying assets and other fixed asset differences 10,146 9,885
Super deduction tax relief - (718 )
rates
Deferred tax rounding 102 (27 )
Land remediation uplift (2,227 ) -
Total tax charge 168,189 180,000

13. Dividends
Period Period
1.10.23 2.10.22
to to
28.9.24 30.9.23
£ £
Ordinary shares of £1 each shares of 1 each
Final 249,953 249,953
Interim 149,971 -
399,924 249,953

W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


14. Tangible fixed assets
Fixtures
Freehold Long and Motor
property leasehold fittings vehicles Totals
£ £ £ £ £
Cost
At 1 October 2023 2,000,000 597,657 2,677,677 776,732 6,052,066
Additions - 306,813 129,089 310,650 746,552
Disposals - - (15,444 ) (133,736 ) (149,180 )
At 28 September 2024 2,000,000 904,470 2,791,322 953,646 6,649,438
Depreciation
At 1 October 2023 88,833 562,078 1,408,326 524,927 2,584,164
Charge for period 26,000 7,239 166,334 94,699 294,272
Eliminated on disposal - - (11,528 ) (115,193 ) (126,721 )
At 28 September 2024 114,833 569,317 1,563,132 504,433 2,751,715
Net book value
At 28 September 2024 1,885,167 335,153 1,228,190 449,213 3,897,723
At 30 September 2023 1,911,167 35,579 1,269,351 251,805 3,467,902

The company's freehold land and buildings were revalued by M J Swinley FRICS of Bidwells, Norwich external Chartered Surveyors, as at 30 April 2020 on the basis of open market value for existing use in accordance with the Valuation Standards ("the Red Book") issued by the Royal Institution of Chartered Surveyors (RICS), at £2,000,000.

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

PeriodPeriod
1.10.23to2.10.22to
28.9.2430.9.23
£   £   
Cost1,562,1201,562,120
Accumulated depreciation500,011474,525
1,062,1091,087,595

15. Stocks
28.9.24 30.9.23
£ £
Stocks 3,178,134 3,383,572

W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


16. Debtors: amounts falling due within one year
28.9.24 30.9.23
£ £
Trade debtors 62,305 69,007
Other debtors 250,022 289,077
Prepayments 343,896 379,688
656,223 737,772

17. Creditors: amounts falling due within one year
28.9.24 30.9.23
£ £
Bank loans and overdrafts (see note 19) - 142,000
Payments on account 1,654,304 1,785,006
Trade creditors 1,633,469 1,822,494
Tax 106,137 -
Social security and other taxes 98,024 102,051
VAT 262,842 255,917
Dividends payable 249,953 249,953
Accruals and deferred income 1,179,513 990,415
5,184,242 5,347,836

Accruals includes company pension contributions payable amounting to £126,968 (2023: £109,823).

18. Creditors: amounts falling due after more than one year
28.9.24 30.9.23
£ £
Bank loans (see note 19) - 236,667

19. Loans

An analysis of the maturity of loans is given below:

28.9.24 30.9.23
£ £
Amounts falling due within one year or on demand:
Bank loans - 142,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 236,667

W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


20. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.9.24 30.9.23
£ £
Within one year 777,780 612,780
Between one and five years 3,070,654 2,433,533
In more than five years 897,883 786,534
4,746,317 3,832,847

21. Financial instruments

The carrying amount for each category of financial instrument is as follows:

28.9.24 30.9.23

Financial assets that are debt instruments measured at amortised cost 94,240 123,497
Financial liabilities measured at amortised cost 4,392,137 4,524,883

22. Provisions for liabilities
28.9.24 30.9.23
£ £
Deferred tax 375,000 313,000

Deferred tax
£
Balance at 1 October 2023 313,000
Charge to Statement of Comprehensive Income during period 62,000
Balance at 28 September 2024 375,000

23. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 28.9.24 30.9.23
value: £ £
26,450 Ordinary shares of £1 each 1 26,450 26,450

On 10 October 2020 the company re-designated one £1 ordinary share held by T C Aldiss as a £1 special income share, and adopted new articles of association. The articles provide that for so long as T C Aldiss remains a director of the company, the special income share ranks equally with the ordinary shares in all respects.

W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


24. Reserves

Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs.

Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income.

Capital redemption reserve - This reserve records the nominal value of shares repurchased by the company.

Profit and loss account - This reserve records retained earnings and accumulated losses.

25. Pension commitments

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £462,323 (2023: £428,015).

26. Capital commitments
28.9.24 30.9.23
£ £
Contracted but not provided for in the
financial statements 361,000 113,650

27. Related party disclosures

T C Aldiss and P S Aldiss each have a beneficial interest in 39% of the issued share capital of the company. No-one party controls the company.

During the period the company entered into contracts with a related undertaking, A & B Management Services Limited, a company under the day to day management of the same directors, as follows:

2024 2023

Rental of premises from A&B Management Services Limited 139,469 100,000
Loan to A&B Management Services Limited 202,039 219,153
Other recharges to A&B Management Services Limited 14,816 10,912

At the period end the company was owed £202,039 (2023: £219,153) by A & B Management Services Limited.

During the year sales to entities with control, joint control and significant influence totalled £8,659 (2023: £8,634). As at the 30th September 2024 there was a debtors balance of £1,069 outstanding (2023: £1,649). As at the 30th September 2024 there was a creditors balance of £NIL (2023: £68).

During the period, a total of key management personnel compensation of £760,057 was paid (2023: £776,093).

W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


28. Reconciliation of profit before taxation to cash generated from operations

Period Period
1.10.23 2.10.22
to to
28.9.24 30.9.23
£ £
Profit before taxation 682,798 682,187
Depreciation charges 294,272 248,093
Loss on disposal of fixed assets 8,760 6,133
Finance costs 5,785 54,968
Finance income (47,319 ) (27,744 )
944,296 963,637
Decrease/(increase) in stocks 205,438 (27,884 )
Decrease/(increase) in trade and other debtors 81,549 (183,025 )
Decrease in trade and other creditors (127,731 ) (43,815 )
Cash generated from operations 1,103,552 708,913

29. Cash and cash equivalents

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 28 September 2024
28.9.24 1.10.23
£ £
Cash and cash equivalents 1,902,256 2,268,666
Period ended 30 September 2023
30.9.23 2.10.22
£ £
Cash and cash equivalents 2,268,666 3,781,882


W.J.Aldiss Limited (Registered number: 00421363)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 September 2024


30. Analysis of changes in net funds

At 1.10.23 Cash flow At 28.9.24
£ £ £
Net cash
Cash at bank and in hand 2,268,666 (366,410 ) 1,902,256
2,268,666 (366,410 ) 1,902,256
Debt
Debts falling due within 1 year (142,000 ) 142,000 -
Debts falling due after 1 year (236,667 ) 236,667 -
(378,667 ) 378,667 -
Total 1,889,999 12,257 1,902,256