REGISTERED NUMBER: 01205770 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 March 2025

for

Handymans Supplies (Morley) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

39,174

33,125

CURRENT ASSETS

Stocks

43,550

75,037

Debtors

5

16,136

2,638

Cash at bank and in hand

23,248

47,974

82,934

125,649

CREDITORS

Amounts falling due within one year

6

87,175

87,960

NET CURRENT (LIABILITIES)/ASSETS

(4,241

)

37,689

TOTAL ASSETS LESS CURRENT LIABILITIES

34,933

70,814

CREDITORS

Amounts falling due after more than one year

7

3,283

13,287

NET ASSETS

31,650

57,527

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

30,650

56,527

SHAREHOLDERS' FUNDS

31,650

57,527

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

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 23 December 2025 and were signed on its behalf by:

B Kettlewell - Director

1.	STATUTORY INFORMATION

Handymans Supplies (Morley) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01205770

Registered office:

17 Fountain Street

Morley

Leeds

West Yorkshire

LS27 9AE

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when goods are delivered and legal title passes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Stocks

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

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write down or loss occurs. The amount of any reversal of any write down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

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.

Going concern

The directors have considered the going concern position and will continue to extend funds to the company and will not withdraw monies already loaned until the company has sufficient cashflow to enable them to do so and therefore the company is able to meet its debts as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 31 March 2024

12,475

22,750

80,775

Additions

-

-

-

At 30 March 2025

12,475

22,750

80,775

DEPRECIATION

At 31 March 2024

4,884

10,874

79,629

Charge for year

249

1,782

172

At 30 March 2025

5,133

12,656

79,801

NET BOOK VALUE

At 30 March 2025

7,342

10,094

974

At 30 March 2024

7,591

11,876

1,146

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 31 March 2024

32,649

32,410

181,059

Additions

15,495

-

15,495

At 30 March 2025

48,144

32,410

196,554

DEPRECIATION

At 31 March 2024

22,319

30,228

147,934

Charge for year

6,696

547

9,446

At 30 March 2025

29,015

30,775

157,380

NET BOOK VALUE

At 30 March 2025

19,129

1,635

39,174

At 30 March 2024

10,330

2,182

33,125

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Trade debtors

11,671

2,638

Other debtors

4,465

-

16,136

2,638

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Bank loans and overdrafts

8,384

8,384

Trade creditors

60,906

49,050

Taxation and social security

14,676

18,167

Other creditors

3,209

12,359

87,175

87,960

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.25

30.3.24

£

£

Bank loans

3,283

13,287

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.3.25

30.3.24

£

£

Bank loans

11,667

21,671

Hire Purchase creditors are secured on the related assets concerned.

Lloyds business accounts and loan are secured by an unlimited debenture dated 18/2/1999 incorporating a fixed and floating charge.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors provided an interest free loan to the company.

Amount due to related party as at 31st March 2025 was £585 and in 2024 the balance was £8,998.