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REGISTERED NUMBER: 03945106 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Cavendish Hardware Ltd

Cavendish Hardware Ltd (Registered number: 03945106)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cavendish Hardware Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P S Gamble
Mrs C E Smith





SECRETARY: Mrs C E Smith





REGISTERED OFFICE: Unit 8
Tithe Street
Leicester
LE5 4BN





REGISTERED NUMBER: 03945106 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Cavendish Hardware Ltd (Registered number: 03945106)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 19,798 26,397

CURRENT ASSETS
Stocks 231,182 231,217
Debtors 5 36,680 39,661
Cash at bank and in hand 27,209 12,038
295,071 282,916
CREDITORS
Amounts falling due within one year 6 107,743 100,819
NET CURRENT ASSETS 187,328 182,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,126

208,494

CREDITORS
Amounts falling due after more than one
year

7

28,168

44,901
NET ASSETS 178,958 163,593

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 178,859 163,494
178,958 163,593

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

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

Cavendish Hardware Ltd (Registered number: 03945106)

Balance Sheet - continued
30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:





Mrs C E Smith - Director


Cavendish Hardware Ltd (Registered number: 03945106)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Cavendish Hardware Ltd is a private company, limited by shares , registered in England and Wales. 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 represents net invoiced sales of goods, excluding value added tax and is recognised at the date the goods are supplied to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 stock. Cost is based on latest invoice value.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase 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 and loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit and 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 5 (2023 - 5 ) .

Cavendish Hardware Ltd (Registered number: 03945106)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 7,150 5,474 29,990 15,311 57,925
DEPRECIATION
At 1 May 2023 6,659 5,190 5,835 13,844 31,528
Charge for year 123 71 6,039 366 6,599
At 30 April 2024 6,782 5,261 11,874 14,210 38,127
NET BOOK VALUE
At 30 April 2024 368 213 18,116 1,101 19,798
At 30 April 2023 491 284 24,155 1,467 26,397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,930 38,661
Other debtors 5,000 -
Prepayments and accrued income 2,750 1,000
36,680 39,661

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,410
Hire purchase contracts 7,143 6,499
Trade creditors 69,977 36,201
Tax 8,077 10,565
Social security and other taxes 6,107 12,240
Other creditors 1,729 1,330
Directors' loan accounts 1,770 20,114
Accrued expenses 2,940 3,460
107,743 100,819

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan 18,333 27,923
Hire purchase contracts 9,835 16,978
28,168 44,901

Cavendish Hardware Ltd (Registered number: 03945106)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 16,978 23,477

Hire purchase creditors are secured on related assets.