REGISTERED NUMBER: 10258026 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

HARDWARE LANE DISTRIBUTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C A Lane

S A Seear

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

10258026 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

18,803

2,700

CURRENT ASSETS

Stocks

367,089

193,395

Debtors

5

297,112

485,947

Cash at bank

92,836

98,895

757,037

778,237

CREDITORS

Amounts falling due within one year

6

605,235

553,720

NET CURRENT ASSETS

151,802

224,517

TOTAL ASSETS LESS CURRENT LIABILITIES

170,605

227,217

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

170,604

227,216

SHAREHOLDERS' FUNDS

170,605

227,217

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 7 January 2026 and were signed on its behalf by:

C A Lane - Director

1.	STATUTORY INFORMATION

Hardware Lane Distributors 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 trading address of the company is Studio, CG 320 Witan Studios, Witan Gate, West Central Milton Keynes, MK9 1EJ.

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.

The financial statements have been prepared on the basis that the Company is a going concern. The directors consider this to be reasonable as the ultimate parent company, Australia Homeware Enterprise Pty Limited, has confirmed their continued financial support for a period of at least 12 months and 1 day from the signing of the audit report.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

The company has two streams of turnover being:-

1. Merchandise Sales

2. Intercompany sales

Revenue in relation to merchandise is recognised when the delivery of the product is complete and therefore the risks are transferred.

Services are also provided to a fellow group undertaking and turnover is recognised when the service is performed.

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

Tangible fixed assets

Tangible fixed assets are measured at cost less depreciation.

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

Plant and machinery etc - straight line over 3-5 years

Stocks

Stocks consist of items for sale valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. The company uses a weighted average cost method that includes a share of related duties and taxes.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments

Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

11,611

Additions

21,248

At 30 June 2025

32,859

DEPRECIATION

At 1 July 2024

8,911

Charge for year

5,145

At 30 June 2025

14,056

NET BOOK VALUE

At 30 June 2025

18,803

At 30 June 2024

2,700

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

195,976

379,674

Other debtors

101,136

106,273

297,112

485,947

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

222,688

160,749

Amounts owed to group undertakings

357,751

337,251

Taxation and social security

4,343

23,883

Other creditors & accruals

20,453

31,837

605,235

553,720

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.6.25

30.6.24

£

£

Within one year

48,646

47,040

Between one and five years

14,260

60,830

62,906

107,870

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

1

Ordinary

£1

1

1

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emma Crowley (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

10.	RELATED PARTY DISCLOSURES

During the year Hardware Lane Distributors Limited made sales of £476,396 (2024: £490,634) to Asia International Trading, a company under common control. At the year end, Asia International Trading Company Ltd owed Hardware Lane Distributors Limited £13,813 (2024: £78,648).

11.	ULTIMATE PARENT COMPANY

The ultimate parent company is Australian Homeware Enterprise Pty Limited a company incorporated in Australia, with its registered office at 7A Callister Place, Craigieburn, Victoria 3064, Australia. Australian Homeware Enterprise Pty Limited is the largest group company to prepare consolidated financial statements. The consolidated financial statements are publicly available.