REGISTERED NUMBER: SC593964 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

JED HARDWARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Murtaza

REGISTERED OFFICE:

53 High Street

Jedburgh

TD8 6DQ

REGISTERED NUMBER:

SC593964 (Scotland)

ACCOUNTANTS:

Ahmad & Nabi Mcmullan Accountants

95-107 Lancefield Street

Glasgow

G3 8HZ

FIXED ASSETS

Intangible assets

4

10,000

10,000

Tangible assets

5

5,637

6,747

15,637

16,747

CURRENT ASSETS

Stocks

6

164,250

174,250

Cash at bank and in hand

4,987

1,935

169,237

176,185

CREDITORS

Amounts falling due within one year

7

157,032

158,521

NET CURRENT ASSETS

12,205

17,664

TOTAL ASSETS LESS CURRENT LIABILITIES

27,842

34,411

CREDITORS

Amounts falling due after more than one year

8

7,583

14,583

NET ASSETS

20,259

19,828

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

20,159

19,728

SHAREHOLDERS' FUNDS

20,259

19,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 4 September 2025 and were signed by:

G Murtaza - Director

1.	STATUTORY INFORMATION

JED HARDWARE LTD is a private company, limited by shares , registered in Scotland. 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 nil 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.

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.

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 9 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

10,000

NET BOOK VALUE

At 30 April 2025

10,000

At 30 April 2024

10,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 May 2024

2,080

7,715

9,795

Additions

299

-

299

At 30 April 2025

2,379

7,715

10,094

DEPRECIATION

At 1 May 2024

1,505

1,543

3,048

Charge for year

175

1,234

1,409

At 30 April 2025

1,680

2,777

4,457

NET BOOK VALUE

At 30 April 2025

699

4,938

5,637

At 30 April 2024

575

6,172

6,747

6.

STOCKS

30.4.25

30.4.24

£

£

Stocks

164,250

174,250

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

58,619

62,176

Tax

7,196

6,229

Social security and other taxes

1,209

150

VAT

13,244

8,628

Director's loan acc

74,618

65,649

Accrued expenses

2,146

15,689

157,032

158,521

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

BB loan

7,583

14,583

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

100

ORDINARY

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 May 2024

19,728

Profit for the year

30,431

Dividends

(30,000

)

At 30 April 2025

20,159