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REGISTERED NUMBER: 04335966 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Ace Hardware & DIY Ltd

Ace Hardware & DIY Ltd (Registered number: 04335966)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ace Hardware & DIY Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mrs V R Priem
J C Priem





SECRETARY: Mrs V R Priem





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





REGISTERED NUMBER: 04335966 (England and Wales)





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

Ace Hardware & DIY Ltd (Registered number: 04335966)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,186 5,353
Investments 6 4 4
3,190 5,357

CURRENT ASSETS
Stocks 7 69,526 70,238
Debtors 8 44,503 72,515
Cash at bank and in hand 72,152 54,625
186,181 197,378
CREDITORS
Amounts falling due within one year 9 46,283 67,220
NET CURRENT ASSETS 139,898 130,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,088

135,515

PROVISIONS FOR LIABILITIES 10 844 1,418
NET ASSETS 142,244 134,097

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 142,242 134,095
SHAREHOLDERS' FUNDS 142,244 134,097

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.

Ace Hardware & DIY Ltd (Registered number: 04335966)

Balance Sheet - continued
31 March 2025


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


Ace Hardware & DIY Ltd (Registered number: 04335966)

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

1. STATUTORY INFORMATION

Ace 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.

Preparation of consolidated financial statements
The financial statements contain information about Ace Hardware & DIY Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 2002, is being amortised evenly over its estimated useful life of 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.
Fixtures and fittings - 15% on straight line basis
Motor vehicles - 20% on straight line basis
Computer equipment - 15% on straight line basis

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Ace Hardware & DIY Ltd (Registered number: 04335966)

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

2. ACCOUNTING POLICIES - continued

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 2 (2024 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 39,378
AMORTISATION
At 1 April 2024
and 31 March 2025 39,378
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 9,785 8,752 9,541 28,078
Additions 148 - 482 630
At 31 March 2025 9,933 8,752 10,023 28,708
DEPRECIATION
At 1 April 2024 6,594 7,438 8,693 22,725
Charge for year 650 1,314 833 2,797
At 31 March 2025 7,244 8,752 9,526 25,522
NET BOOK VALUE
At 31 March 2025 2,689 - 497 3,186
At 31 March 2024 3,191 1,314 848 5,353

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2024
and 31 March 2025 4
NET BOOK VALUE
At 31 March 2025 4
At 31 March 2024 4

Ace Hardware & DIY Ltd (Registered number: 04335966)

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

7. STOCKS
2025 2024
£    £   
Stocks 69,526 70,238

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,944 16,061
Amounts due from group
undertakings 41,000 55,000
Prepayments 1,559 1,454
44,503 72,515

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 7,079 10,609
Tax 9,022 8,374
Social security and other taxes 5,794 5,250
Other creditors 122 829
Directors' loan accounts 23,316 41,194
Accrued expenses 950 964
46,283 67,220

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 844 1,418

Deferred
tax
£   
Balance at 1 April 2024 1,418
Credit to Income Statement during year (574 )
Balance at 31 March 2025 844

11. CALLED UP SHARE CAPITAL

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

12. RESERVES
Retained
earnings
£   

At 1 April 2024 134,095
Profit for the year 28,147
Dividends (20,000 )
At 31 March 2025 142,242

Ace Hardware & DIY Ltd (Registered number: 04335966)

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

13. RELATED PARTY DISCLOSURES

The company was under the control of the directors Mr and Mrs Priem during the year by virtue of the fact that they own 100% of the company's issued share capital.

Ace Hardware & DIY Ltd has two wholly owned subsidiaries, Yatton Hardware & DIY Ltd (Company Number 10924096, registered in England & Wales) and Bloodworths Hardware & DIY Ltd (Company Number 11388422, registered in England & Wales).

At the year end, Bloodworths Hardware & DIY Ltd owed Ace Hardware & DIY Ltd £41,000 (2024: £55,000) and this amount is included within debtors.