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REGISTERED NUMBER: 05017817 (England and Wales)















Simply DIY Limited

Unaudited Financial Statements for the Year Ended 28 February 2025






Simply DIY Limited (Registered number: 05017817)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Simply DIY Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: K S Mattu
R Johal





REGISTERED OFFICE: 3 - 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: Laker Road
Rochester Airport Industrial Estate
Rochester
Kent
ME1 3QX





REGISTERED NUMBER: 05017817 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Simply DIY Limited (Registered number: 05017817)

Statement of Financial Position
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 447,859 367,392

CURRENT ASSETS
Inventories 612,641 572,532
Debtors 5 755,123 389,723
Cash at bank and in hand 232,065 549,241
1,599,829 1,511,496
CREDITORS
Amounts falling due within one year 6 770,780 565,164
NET CURRENT ASSETS 829,049 946,332
TOTAL ASSETS LESS CURRENT LIABILITIES 1,276,908 1,313,724

CREDITORS
Amounts falling due after more than one
year

7

(304,319

)

(263,427

)

PROVISIONS FOR LIABILITIES (111,965 ) (91,848 )
NET ASSETS 860,624 958,449

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 860,524 958,349
SHAREHOLDERS' FUNDS 860,624 958,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Simply DIY Limited (Registered number: 05017817)

Statement of Financial Position - continued
28 February 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 4 July 2025 and were signed on its behalf by:




K S Mattu - Director



R Johal - Director


Simply DIY Limited (Registered number: 05017817)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Simply 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.

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.

Income recognition
Income represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

Income is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 25% on reducing balance, 15% on reducing balance and Over the term of the lease

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.
In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

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 statement of financial position date.


Simply DIY Limited (Registered number: 05017817)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 24 (2024 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 720,929
Additions 233,632
Disposals (84,203 )
At 28 February 2025 870,358
DEPRECIATION
At 1 March 2024 353,537
Charge for year 153,165
Eliminated on disposal (84,203 )
At 28 February 2025 422,499
NET BOOK VALUE
At 28 February 2025 447,859
At 29 February 2024 367,392

Simply DIY Limited (Registered number: 05017817)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 474,021 335,738
Amounts owed by associates 173,800 500
Other debtors 107,302 53,485
755,123 389,723

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,833 10,000
Hire purchase contracts (see note 8) 126,670 77,254
Trade creditors 534,608 388,232
Taxation and social security 64,278 57,243
Other creditors 34,391 32,435
770,780 565,164

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 3,333 14,167
Hire purchase contracts (see note 8) 300,986 249,260
304,319 263,427

8. LEASING AGREEMENTS

The company has total other operating lease commitments at 28 February 2025 of £285,211

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 427,656 326,514

Hire purchase contracts and finance leases are secured against the relevant assets.

The company's bankers hold a fixed and floating charge over all property and assets present and future.

10. RELATED PARTY DISCLOSURES

During the year, the company made an unsecured loan of £173,000 to its associate, JMB Property Group Limited. The loan is provided on an interest free basis, and is repayable on demand.