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Registered number: 11756048
Papplewick DIY and Hardware Limited
Financial Statements
For the Period 1 April 2024 to 31 January 2025
Kennedy Johnson
83 Carlton Drive
Wigston
LE18 1DG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11756048
31 January 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,903 4,562
9,903 4,562
CURRENT ASSETS
Stocks 5 46,772 41,665
Debtors 6 9,828 8,712
Cash at bank and in hand 64,988 65,915
121,588 116,292
Creditors: Amounts Falling Due Within One Year 7 (10,195 ) (11,251 )
NET CURRENT ASSETS (LIABILITIES) 111,393 105,041
TOTAL ASSETS LESS CURRENT LIABILITIES 121,296 109,603
Creditors: Amounts Falling Due After More Than One Year 8 (108,516 ) (100,439 )
NET ASSETS 12,780 9,164
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 12,779 9,163
SHAREHOLDERS' FUNDS 12,780 9,164
Page 1
Page 2
For the period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jabir Hassanali
Director
11/05/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Papplewick DIY and Hardware Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11756048 . The registered office is 83 Carlton Drive, Wigston, Leicester, LE18 1DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has removed the goods from the retail premises approved the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures and Equipment 20% per annum. calcuated on the reducing balance
Motor Vehicles 25% per annum calculated on the reducing balance
Leasehold Improvements 25% per annum. calcuated on the reducing balance
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2024: 3)
3 3
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4. Tangible Assets
Fixtures and Equipment Motor Vehicles Leasehold Improvements Total
£ £ £ £
Cost
As at 1 April 2024 11,309 - 1,832 13,141
Additions - 7,955 - 7,955
As at 31 January 2025 11,309 7,955 1,832 21,096
Depreciation
As at 1 April 2024 7,185 - 1,394 8,579
Provided during the period 825 1,680 109 2,614
As at 31 January 2025 8,010 1,680 1,503 11,193
Net Book Value
As at 31 January 2025 3,299 6,275 329 9,903
As at 1 April 2024 4,124 - 438 4,562
5. Stocks
31 January 2025 31 March 2024
£ £
Goods for resale 46,772 41,665
6. Debtors
31 January 2025 31 March 2024
£ £
Due within one year
Prepayments and accrued income 9,828 8,712
7. Creditors: Amounts Falling Due Within One Year
31 January 2025 31 March 2024
£ £
Trade creditors 4,647 6,869
Corporation tax 2,428 2,429
VAT 1,202 994
Accruals 1,918 959
10,195 11,251
8. Creditors: Amounts Falling Due After More Than One Year
31 January 2025 31 March 2024
£ £
Directors loan account 64,269 56,192
Amounts owed to associated company 44,247 44,247
108,516 100,439
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9. Share Capital
31 January 2025 31 March 2024
£ £
Allotted, Called up and fully paid 1 1
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