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REGISTERED NUMBER: 11388422 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Bloodworths Hardware & DIY Limited

Bloodworths Hardware & DIY Limited (Registered number: 11388422)






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


Bloodworths Hardware & DIY Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mrs V R Priem
J C Priem





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





REGISTERED NUMBER: 11388422 (England and Wales)





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

Bloodworths Hardware & DIY Limited (Registered number: 11388422)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,039 63,329
Tangible assets 5 3,650 5,076
63,689 68,405

CURRENT ASSETS
Stocks 6 51,872 51,549
Debtors 7 122,347 72,053
Cash at bank and in hand 88,173 105,927
262,392 229,529
CREDITORS
Amounts falling due within one year 8 80,861 99,095
NET CURRENT ASSETS 181,531 130,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,220

198,839

PROVISIONS FOR LIABILITIES 9 893 1,248
NET ASSETS 244,327 197,591

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 244,325 197,589
SHAREHOLDERS' FUNDS 244,327 197,591

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


Bloodworths Hardware & DIY Limited (Registered number: 11388422)

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

1. STATUTORY INFORMATION

Bloodworths Hardware & DIY 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.

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 2018, 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

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 ) .

Bloodworths Hardware & DIY Limited (Registered number: 11388422)

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 82,246
AMORTISATION
At 1 April 2024 18,917
Amortisation for year 3,290
At 31 March 2025 22,207
NET BOOK VALUE
At 31 March 2025 60,039
At 31 March 2024 63,329

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 868 8,584 1,749 11,201
Additions - 417 - 417
Disposals - (221 ) - (221 )
At 31 March 2025 868 8,780 1,749 11,397
DEPRECIATION
At 1 April 2024 500 5,401 224 6,125
Charge for year 87 1,428 173 1,688
Eliminated on disposal - (66 ) - (66 )
At 31 March 2025 587 6,763 397 7,747
NET BOOK VALUE
At 31 March 2025 281 2,017 1,352 3,650
At 31 March 2024 368 3,183 1,525 5,076

6. STOCKS
2025 2024
£    £   
Stocks 51,872 51,549

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 343 1,099
Other debtors 14,000 14,000
Loans to group companies 100,000 48,000
Prepayments 8,004 8,954
122,347 72,053

Bloodworths Hardware & DIY Limited (Registered number: 11388422)

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 13,220 19,739
Tax 16,722 14,717
Social security and other taxes 8,968 8,581
Other creditors - 159
Loan from group company 41,000 55,000
Accrued expenses 951 899
80,861 99,095

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 893 1,248

Deferred
tax
£   
Balance at 1 April 2024 1,248
Credit to Income Statement during year (355 )
Balance at 31 March 2025 893

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 197,589
Profit for the year 46,736
At 31 March 2025 244,325

12. RELATED PARTY DISCLOSURES

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

At the start of the year, Bloodworths Hardware & DIY Ltd owed Ace Hardware & DIY Ltd £55,000.
During the year, Bloodworths Hardware & DIY Ltd repaid £14,000 to Ace Hardware & DIY Ltd.
At the year end, Bloodworths Hardware & DIY Ltd owed Ace Hardware & DIY Ltd £41,000 (2024: £55,000) and this amount is included within creditors.

Ace Hardware & DIY Ltd has one other wholly owned subsidiary, Yatton Hardware & DIY Ltd (Company Number 10924096, registered in England and Wales).

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