IRIS Accounts Production v25.1.4.42 02606892 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026068922023-12-31026068922024-12-31026068922024-01-012024-12-31026068922022-12-31026068922023-01-012023-12-31026068922023-12-3102606892ns15:EnglandWales2024-01-012024-12-3102606892ns14:PoundSterling2024-01-012024-12-3102606892ns10:Director12024-01-012024-12-3102606892ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3102606892ns10:SmallEntities2024-01-012024-12-3102606892ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3102606892ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3102606892ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3102606892ns10:FullAccounts2024-01-012024-12-3102606892ns10:Director22024-01-012024-12-3102606892ns10:Director32024-01-012024-12-3102606892ns10:Director42024-01-012024-12-3102606892ns10:RegisteredOffice2024-01-012024-12-3102606892ns5:CurrentFinancialInstruments2024-12-3102606892ns5:CurrentFinancialInstruments2023-12-3102606892ns5:Non-currentFinancialInstruments2024-12-3102606892ns5:Non-currentFinancialInstruments2023-12-3102606892ns5:ShareCapital2024-12-3102606892ns5:ShareCapital2023-12-3102606892ns5:RevaluationReserve2024-12-3102606892ns5:RevaluationReserve2023-12-3102606892ns5:CapitalRedemptionReserve2024-12-3102606892ns5:CapitalRedemptionReserve2023-12-3102606892ns5:RetainedEarningsAccumulatedLosses2024-12-3102606892ns5:RetainedEarningsAccumulatedLosses2023-12-3102606892ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3102606892ns5:PlantMachinery2024-01-012024-12-3102606892ns5:FurnitureFittings2024-01-012024-12-3102606892ns5:MotorVehicles2024-01-012024-12-3102606892ns5:LandBuildings2023-12-3102606892ns5:PlantMachinery2023-12-3102606892ns5:FurnitureFittings2023-12-3102606892ns5:MotorVehicles2023-12-3102606892ns5:LandBuildings2024-01-012024-12-3102606892ns5:LandBuildings2024-12-3102606892ns5:PlantMachinery2024-12-3102606892ns5:FurnitureFittings2024-12-3102606892ns5:MotorVehicles2024-12-3102606892ns5:LandBuildings2023-12-3102606892ns5:PlantMachinery2023-12-3102606892ns5:FurnitureFittings2023-12-3102606892ns5:MotorVehicles2023-12-3102606892ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3102606892ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3102606892ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-12-3102606892ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-3102606892ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-12-3102606892ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3102606892ns5:HirePurchaseContracts2024-12-3102606892ns5:HirePurchaseContracts2023-12-3102606892ns5:WithinOneYear2024-12-3102606892ns5:WithinOneYear2023-12-3102606892ns5:BetweenOneFiveYears2024-12-3102606892ns5:BetweenOneFiveYears2023-12-3102606892ns5:AllPeriods2024-12-3102606892ns5:AllPeriods2023-12-3102606892ns5:Secured2024-12-3102606892ns5:Secured2023-12-3102606892ns5:DeferredTaxation2023-12-3102606892ns5:DeferredTaxation2024-01-012024-12-3102606892ns5:DeferredTaxation2024-12-3102606892ns5:RevaluationReserve2023-12-31
















TRADE & D.I.Y. PRODUCTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






TRADE & D.I.Y. PRODUCTS LIMITED (REGISTERED NUMBER: 02606892)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRADE & D.I.Y. PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R A Barlow
L J Barlow
K M Barlow
A L Barlow





REGISTERED OFFICE: Derby Road
Wirksworth
Derbyshire
DE4 4BG





REGISTERED NUMBER: 02606892 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

TRADE & D.I.Y. PRODUCTS LIMITED (REGISTERED NUMBER: 02606892)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,066,903 1,080,623

CURRENT ASSETS
Stocks 378,689 374,372
Debtors 5 207,013 210,125
Cash at bank and in hand 296 32,778
585,998 617,275
CREDITORS
Amounts falling due within one year 6 615,769 636,845
NET CURRENT LIABILITIES (29,771 ) (19,570 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,037,132 1,061,053

CREDITORS
Amounts falling due after more than one
year

7

(154,184

)

(159,705

)

PROVISIONS FOR LIABILITIES 10 (54,100 ) (40,900 )
NET ASSETS 828,848 860,448

CAPITAL AND RESERVES
Called up share capital 11 867 867
Revaluation reserve 12 81,782 81,782
Capital redemption reserve 34 34
Retained earnings 746,165 777,765
828,848 860,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

TRADE & D.I.Y. PRODUCTS LIMITED (REGISTERED NUMBER: 02606892)

BALANCE SHEET - continued
31 DECEMBER 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 30 May 2025 and were signed on its behalf by:





R A Barlow - Director


TRADE & D.I.Y. PRODUCTS LIMITED (REGISTERED NUMBER: 02606892)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Trade & D.I.Y. Products Limited 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.

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure.

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.

TRADE & D.I.Y. PRODUCTS LIMITED (REGISTERED NUMBER: 02606892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. 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 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.

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
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 18 (2023 - 15 ) .

TRADE & D.I.Y. PRODUCTS LIMITED (REGISTERED NUMBER: 02606892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 754,578 601,674 153,510 117,538 1,627,300
Additions - 52,047 23,251 54,950 130,248
Disposals - (19,132 ) - (77,031 ) (96,163 )
At 31 December 2024 754,578 634,589 176,761 95,457 1,661,385
DEPRECIATION
At 1 January 2024 41,164 374,950 89,288 41,275 546,677
Charge for year 6,510 68,232 7,641 18,491 100,874
Eliminated on disposal - (17,808 ) - (35,261 ) (53,069 )
At 31 December 2024 47,674 425,374 96,929 24,505 594,482
NET BOOK VALUE
At 31 December 2024 706,904 209,215 79,832 70,952 1,066,903
At 31 December 2023 713,414 226,724 64,222 76,263 1,080,623

Included in cost of land and buildings is freehold land of £ 429,080 (2023 - £ 429,080 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 171,885 170,674
Other debtors 35,128 39,451
207,013 210,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 354,561 318,978
Hire purchase contracts (see note 8) 52,757 51,434
Trade creditors 108,080 154,510
Taxation and social security 37,214 43,855
Other creditors 63,157 68,068
615,769 636,845

TRADE & D.I.Y. PRODUCTS LIMITED (REGISTERED NUMBER: 02606892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 81,233 56,275
Hire purchase contracts (see note 8) 72,951 103,430
154,184 159,705

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 52,757 51,434
Between one and five years 72,951 103,430
125,708 154,864

Non-cancellable operating leases
2024 2023
£    £   
Within one year 2,983 5,113
Between one and five years - 2,983
2,983 8,096

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 263,148 254,464
Hire purchase contracts 125,708 154,864
388,856 409,328

Hire purchase liabilities are secured over the asset it relates to.

In addition, there is a Coronavirus Business Interruption Loan, whereby 80% of the loan is secured by the Government of £45,020 (2023: £96,631).

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 54,100 40,900

TRADE & D.I.Y. PRODUCTS LIMITED (REGISTERED NUMBER: 02606892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 40,900
Provided during year 13,200
Balance at 31 December 2024 54,100

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
786 Ordinary £1 786 786
1 Ordinary A £1 1 1
10 Ordinary B £1 10 10
30 Ordinary C £1 30 30
40 Ordinary D £1 40 40
867 867

12. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 81,782