Company Registration No. 01678824 (England and Wales)
Checkers Discount D.I.Y. Limited
Unaudited accounts
for the year ended 31 October 2024
Checkers Discount D.I.Y. Limited
Unaudited accounts
Contents
Checkers Discount D.I.Y. Limited
Company Information
for the year ended 31 October 2024
Directors
Andrew Wareham
Margaret Wareham
Company Number
01678824 (England and Wales)
Registered Office
35-39 Botanic Road
Southport
Merseyside
PR9 7NE
Accountants
J A Fell & Co
40 Hoghton Street
Southport
Merseyside
PR9 0PQ
Checkers Discount D.I.Y. Limited
Statement of financial position
as at 31 October 2024
Tangible assets
1,761
2,348
Inventories
322,000
331,300
Cash at bank and in hand
9,939
5,661
Creditors: amounts falling due within one year
(383,544)
(316,180)
Net current (liabilities)/assets
(51,605)
22,725
Total assets less current liabilities
(49,844)
25,073
Creditors: amounts falling due after more than one year
(70,563)
(85,307)
Net liabilities
(120,407)
(60,234)
Called up share capital
100
100
Profit and loss account
(120,507)
(60,334)
Shareholders' funds
(120,407)
(60,234)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by
Andrew Wareham
Director
Company Registration No. 01678824
Checkers Discount D.I.Y. Limited
Notes to the Accounts
for the year ended 31 October 2024
Checkers Discount D.I.Y. Limited is a private company, limited by shares, registered in England and Wales, registration number 01678824. The registered office is 35-39 Botanic Road, Southport, Merseyside, PR9 7NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% pa on net book value
Motor vehicles
25% pa on net book value
Inventories have been valued 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 a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Checkers Discount D.I.Y. Limited
Notes to the Accounts
for the year ended 31 October 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company incurred a loss for the year of £60,173 (2023: £75,082) and had net liabilities of £120,407 at the balance sheet date. The company’s ongoing operations have been supported by loans from the directors. The directors have confirmed that they will continue to financially support the company, therefore the accounts have been drawn up on the basis that the company is a going concern.
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
29,991
17,116
40,442
87,549
Disposals
(29,991)
-
-
(29,991)
At 31 October 2024
-
17,116
40,442
57,558
At 1 November 2023
29,991
15,257
39,953
85,201
Charge for the year
-
465
122
587
On disposals
(29,991)
-
-
(29,991)
At 31 October 2024
-
15,722
40,075
55,797
At 31 October 2024
-
1,394
367
1,761
At 31 October 2023
-
1,859
489
2,348
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
70,720
57,739
Trade creditors
125,771
150,647
Taxes and social security
1,132
-
Other creditors
6,260
9,775
Loans from directors
153,212
71,806
Checkers Discount D.I.Y. Limited
Notes to the Accounts
for the year ended 31 October 2024
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 11 (2023: 12).