REGISTERED NUMBER: 07191800 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HANDYMANS HARDWARE & DIY LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C M Moran

Mr R S Walker

REGISTERED OFFICE:

23 Yarm Road

Stockton on Tees

Cleveland

TS18 3NJ

REGISTERED NUMBER:

07191800 (England and Wales)

ACCOUNTANTS:

Lyons & Co Ltd

23 Yarm Road

Stockton on Tees

TS18 3NJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

40,382

46,179

40,382

46,179

CURRENT ASSETS

Stocks

48,750

54,987

Debtors

2,450

2,678

Cash at bank and in hand

30,307

42,232

81,507

99,897

CREDITORS

Amounts falling due within one year

35,717

58,445

NET CURRENT ASSETS

45,790

41,452

TOTAL ASSETS LESS CURRENT LIABILITIES

86,172

87,631

PROVISIONS FOR LIABILITIES

7

3,602

4,704

NET ASSETS

82,570

82,927

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

82,470

82,827

SHAREHOLDERS' FUNDS

82,570

82,927

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 September 2025 and were signed on its behalf by:

Mr R S Walker - Director

1.	STATUTORY INFORMATION

Handymans 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 2010, is being amortised evenly over its estimated useful life of three 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

33% on cost and 25% on reducing balance

Motor vehicles

-

25% on reducing balance

No depreciation is provided in respect of short leasehold property as the directors estimate that the market value is equal to cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

27,022

AMORTISATION

At 1 April 2024

and 31 March 2025

27,022

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

120,744

Additions

474

At 31 March 2025

121,218

DEPRECIATION

At 1 April 2024

74,565

Charge for year

6,271

At 31 March 2025

80,836

NET BOOK VALUE

At 31 March 2025

40,382

At 31 March 2024

46,179

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

36,413

DEPRECIATION

At 1 April 2024

and 31 March 2025

16,358

NET BOOK VALUE

At 31 March 2025

20,055

At 31 March 2024

20,055

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31/3/25

31/3/24

£

£

Net obligations repayable:

Within one year

-

21,514

Non-cancellable operating

leases

31/3/25

31/3/24

£

£

Within one year

37,037

37,037

Between one and five years

29,498

66,535

66,535

103,572

7.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

3,602

4,704

Deferred

tax

£

Balance at 1 April 2024

4,704

Provided during year

(1,102

)

Balance at 31 March 2025

3,602

8.	RELATED PARTY DISCLOSURES

During the year, the company paid rent of £25,500 (2024 - £25,500) to Boroughbridge Properties Ltd, a company controlled by Mr C Moran.

9.	ULTIMATE CONTROLLING PARTY

The company was controlled by Mr R S Walker during the year.