1 December 2023 v2025.45.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP138155822023-12-012024-11-30138155822024-11-30138155822023-11-3013815582core:WithinOneYear2024-11-3013815582core:WithinOneYear2023-11-3013815582core:ShareCapital2024-11-3013815582core:ShareCapital2023-11-3013815582core:RetainedEarningsAccumulatedLosses2024-11-3013815582core:RetainedEarningsAccumulatedLosses2023-11-3013815582bus:Director12023-12-012024-11-3013815582bus:RegisteredOffice2023-12-012024-11-3013815582core:FurnitureFittings2023-12-012024-11-3013815582core:OfficeEquipment2023-12-012024-11-3013815582core:PlantMachinery2023-12-012024-11-3013815582core:PlantMachinery2023-12-0113815582core:PlantMachinery2024-11-3013815582core:PlantMachinery2023-11-301381558212023-12-012024-11-30138155822023-01-012023-11-3013815582countries:EnglandWales2023-12-012024-11-3013815582bus:AuditExemptWithAccountantsReport2023-12-012024-11-3013815582bus:PrivateLimitedCompanyLtd2023-12-012024-11-3013815582bus:SmallEntities2023-12-012024-11-3013815582bus:FullAccounts2023-12-012024-11-30
Company registration number:
13815582
Scissett DIY Limited
Unaudited Filleted Financial Statements for the year ended
30 November 2024
Scissett DIY Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Scissett DIY Limited
Year ended
30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Scissett DIY Limited
for the year ended
30 November 2024
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Scissett DIY Limited
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Scissett DIY Limited
and state those matters that I have agreed to state to the Board of Directors of
Scissett DIY Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Scissett DIY Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Scissett DIY Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Scissett DIY Limited
. You consider that
Scissett DIY Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Scissett DIY Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Courtley West Limited
1, Clarke Hall Farm
Aberford Road
Wakefield
West Yorkshire
WF1 4AL
United Kingdom
Scissett DIY Limited
Statement of Financial Position
30 November 2024
20242023
Note££
Fixed assets    
Tangible assets 5
4,486
 
448
 
Current assets    
Stocks
95,343
  -  
Debtors 6
2,470
  -  
Cash at bank and in hand
13,781
 
563
 
111,594
 
563
 
Creditors: amounts falling due within one year 7
(85,274
)
(4,689
)
Net current assets/(liabilities)
26,320
 
(4,126
)
Total assets less current liabilities 30,806   (3,678 )
Net assets/(liabilities) excluding defined benefit pension plan balance 30,806   (3,678 )
Defined benefit pension liability (101 ) -  
Net assets/(liabilities) including defined benefit pension plan balance
30,705
 
(3,678
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
30,605
 
(3,778
)
Shareholders funds/(deficit)
30,705
 
(3,678
)
For the year ending
30 November 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
18 July 2025
, and are signed on behalf of the board by:
C Parker
Director
Company registration number:
13815582
Scissett DIY Limited
Notes to the Financial Statements
Year ended
30 November 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
141 Wakefield Road
,
Scissett
,
Huddersfield
,
West Yorkshire
,
HD8 9HR
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
25% reducing balance
Office equipment
33% straight line
Plant and machinery
25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined benefit pension plan

The entity recognises a net defined benefit pension asset or liability in the statement of financial position as the net total of the present value of its obligations and the fair value of plan assets out of which the obligations are to be settled. The defined benefit liability is measured on a discounted present value basis using a rate determined by reference to market yields at the reporting date on high quality corporate bonds. Defined benefit obligations and the related expenses are measured using the projected unit credit method. Plan surpluses are recognised as a defined benefit asset only to the extent that the surplus is recoverable either through reduced contributions in the future or through refunds from the plan. Plan deficits are recognised as a defined benefit liability to the extent it reflects a legal or constructive obligation.
Changes in the net defined benefit asset or liability arising from employee service are recognised in profit or loss as a current service cost where it relates to services in the current period and as a past service cost where it relates to services in prior periods. Costs relating to plan introductions, benefit changes, curtailments and settlements are recognised in profit or loss in the period in which they occur.
Net interest is determined by multiplying the net defined benefit liability by the discount rate, both as determined at the start of the reporting period, taking account of any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. Net interest is recognised in profit or loss.

4 Average number of employees

The average number of persons employed by the company during the year was
9
(2023: nil).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 December 2023
798
 
Additions
5,533
 
At
30 November 2024
6,331
 
Depreciation  
At
1 December 2023
350
 
Charge
1,495
 
At
30 November 2024
1,845
 
Carrying amount  
At
30 November 2024
4,486
 
At 30 November 2023
448
 

6 Debtors

20242023
££
Trade debtors
2,470
  -  

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
17,827
  -  
Taxation and social security
9,813
  -  
Other creditors
57,634
 
4,689
 
85,274
 
4,689