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Company Registration No. 13103840 (England and Wales)
SE25 DIY Ltd Unaudited accounts for the year ended 31 December 2024
SE25 DIY Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SE25 DIY Ltd Company Information for the year ended 31 December 2024
Director
Nusaybah Zakiuddin
Secretary
Haaris Gopaul
Company Number
13103840 (England and Wales)
Registered Office
63 High Street London SE25 6EF England
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SE25 DIY Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
4,846
6,057
Current assets
Inventories
12,750
10,813
Cash at bank and in hand
3,628
2,767
16,378
13,580
Creditors: amounts falling due within one year
5
(44,615)
(46,056)
Net current liabilities
(28,237)
(32,476)
Net liabilities
(23,391)
(26,419)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(23,392)
(26,420)
Shareholders' funds
(23,391)
(26,419)
For the year ending 31 December 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 director acknowledges her 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 and authorised for issue on 11 January 2026 and were signed on its behalf by
Nusaybah Zakiuddin Director Company Registration No. 13103840
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SE25 DIY Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
SE25 DIY Ltd is a private company, limited by shares, registered in England and Wales, registration number 13103840. The registered office is 63 High Street , London, SE25 6EF, England.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in Statement of Income and Retained Earnings. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant & machinery
20% reducing balance method
Fixtures & fittings
20% reducing balance method
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SE25 DIY Ltd Notes to the Accounts for the year ended 31 December 2024
Inventories
Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Inventories held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in Statement of Income and Retained Earnings .
Debtors
Short-term debtors are measured at transaction price, less any impairment.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Creditors
Short-term creditors are measured at the transaction price.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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SE25 DIY Ltd Notes to the Accounts for the year ended 31 December 2024
Taxation
Tax is recognised in the Statement of Income and Retained Earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
3,240
7,083
10,323
At 31 December 2024
3,240
7,083
10,323
Depreciation
At 1 January 2024
1,339
2,927
4,266
Charge for the year
380
831
1,211
At 31 December 2024
1,719
3,758
5,477
Net book value
At 31 December 2024
1,521
3,325
4,846
At 31 December 2023
1,901
4,156
6,057
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,129
6,801
Other creditors
5,565
624
Loans from directors
31,921
37,506
Accruals
-
1,125
44,615
46,056
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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