IRIS Accounts Production v25.1.4.42 10924096 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109240962024-03-31109240962025-03-31109240962024-04-012025-03-31109240962023-03-31109240962023-04-012024-03-31109240962024-03-3110924096ns15:EnglandWales2024-04-012025-03-3110924096ns14:PoundSterling2024-04-012025-03-3110924096ns10:Director12024-04-012025-03-3110924096ns10:Director22024-04-012025-03-3110924096ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3110924096ns10:SmallEntities2024-04-012025-03-3110924096ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3110924096ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3110924096ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3110924096ns10:FullAccounts2024-04-012025-03-311092409612024-04-012025-03-3110924096ns10:OrdinaryShareClass12024-04-012025-03-3110924096ns10:CompanySecretary12024-04-012025-03-3110924096ns10:RegisteredOffice2024-04-012025-03-3110924096ns5:CurrentFinancialInstruments2025-03-3110924096ns5:CurrentFinancialInstruments2024-03-3110924096ns5:ShareCapital2025-03-3110924096ns5:ShareCapital2024-03-3110924096ns5:RetainedEarningsAccumulatedLosses2025-03-3110924096ns5:RetainedEarningsAccumulatedLosses2024-03-3110924096ns5:NetGoodwill2024-04-012025-03-3110924096ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3110924096ns5:LandBuildingsns5:ShortLeaseholdAssets2024-04-012025-03-3110924096ns5:FurnitureFittings2024-04-012025-03-3110924096ns5:ComputerEquipment2024-04-012025-03-3110924096ns5:NetGoodwill2024-03-3110924096ns5:NetGoodwill2025-03-3110924096ns5:NetGoodwill2024-03-3110924096ns5:LandBuildingsns5:ShortLeaseholdAssets2024-03-3110924096ns5:FurnitureFittings2024-03-3110924096ns5:ComputerEquipment2024-03-3110924096ns5:LandBuildingsns5:ShortLeaseholdAssets2025-03-3110924096ns5:FurnitureFittings2025-03-3110924096ns5:ComputerEquipment2025-03-3110924096ns5:LandBuildingsns5:ShortLeaseholdAssets2024-03-3110924096ns5:FurnitureFittings2024-03-3110924096ns5:ComputerEquipment2024-03-3110924096ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3110924096ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3110924096ns5:DeferredTaxation2024-03-3110924096ns5:DeferredTaxation2024-04-012025-03-3110924096ns5:DeferredTaxation2025-03-3110924096ns10:OrdinaryShareClass12025-03-3110924096ns5:RetainedEarningsAccumulatedLosses2024-03-3110924096ns5:RetainedEarningsAccumulatedLosses2024-04-012025-03-31
REGISTERED NUMBER: 10924096 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Yatton Hardware & DIY LTD

Yatton Hardware & DIY LTD (Registered number: 10924096)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Yatton Hardware & DIY LTD

Company Information
for the Year Ended 31 March 2025







DIRECTORS: J C Priem
Mrs V R Priem





SECRETARY: Mrs V R Priem





REGISTERED OFFICE: Hightrees
5 Centurions Court
Caerwent
MONMOUTHSHIRE
NP26 5FG





REGISTERED NUMBER: 10924096 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Yatton Hardware & DIY LTD (Registered number: 10924096)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 112,199 118,609
Tangible assets 5 2,500 3,086
114,699 121,695

CURRENT ASSETS
Stocks 6 100,144 98,578
Debtors 7 10,071 14,203
Cash at bank and in hand 56,552 55,526
166,767 168,307
CREDITORS
Amounts falling due within one year 8 150,445 166,060
NET CURRENT ASSETS 16,322 2,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,021

123,942

PROVISIONS FOR LIABILITIES 9 649 573
NET ASSETS 130,372 123,369

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 130,370 123,367
SHAREHOLDERS' FUNDS 130,372 123,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 June 2025 and were signed on its behalf by:



J C Priem - Director



Mrs V R Priem - Director


Yatton Hardware & DIY LTD (Registered number: 10924096)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Yatton Hardware & DIY 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on straight line
Fixtures and fittings - 15% on straight line basis
Computer equipment - 15% on straight line basis

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 4 (2024 - 4 ) .

Yatton Hardware & DIY LTD (Registered number: 10924096)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 160,274
AMORTISATION
At 1 April 2024 41,665
Amortisation for year 6,410
At 31 March 2025 48,075
NET BOOK VALUE
At 31 March 2025 112,199
At 31 March 2024 118,609

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 201 4,873 2,098 7,172
Additions - 417 - 417
At 31 March 2025 201 5,290 2,098 7,589
DEPRECIATION
At 1 April 2024 130 2,700 1,256 4,086
Charge for year 20 736 247 1,003
At 31 March 2025 150 3,436 1,503 5,089
NET BOOK VALUE
At 31 March 2025 51 1,854 595 2,500
At 31 March 2024 71 2,173 842 3,086

6. STOCKS
2025 2024
£    £   
Stocks 100,144 98,578

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 3,603 7,612
Other debtors 5,000 5,000
Prepayments 1,468 1,591
10,071 14,203

Yatton Hardware & DIY LTD (Registered number: 10924096)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 6,845 16,046
Tax 3,374 2,957
Social security and other taxes 4,725 5,052
Other creditors 605 1,227
Loan from group company 100,000 48,000
Directors' loan accounts 33,945 91,850
Accrued expenses 951 928
150,445 166,060

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 649 573

Deferred
tax
£   
Balance at 1 April 2024 573
Provided during year 76
Balance at 31 March 2025 649

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2 Ordinary 1 2 2

11. RESERVES
Retained
earnings
£   

At 1 April 2024 123,367
Profit for the year 7,003
At 31 March 2025 130,370

12. RELATED PARTY DISCLOSURES

Yatton Hardware & DIY Ltd is a wholly owned subsidiary of Ace Hardware & DIY Ltd (Company Number 04335966 registered in England and Wales).

Ace Hardware & DIY Ltd has one other wholly owned subsidiary, Bloodworths Hardware & DIY Ltd (Company Number 11388422, registered in England and Wales).

During the year, Bloodworths Hardware & DIY Ltd loaned £52,000 (2024: £18,000) to Yatton Hardware & DIY Ltd. At the year end a total of £100,000 (2024: £48,000) was outstanding and this amount is included within creditors.