IRIS Accounts Production v26.1.10.61 04335966 Board of Directors Board of Directors 1.4.25 31.3.26 31.3.26 false true false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04335966 2025-03-31 04335966 2026-03-31 04335966 2025-04-01 2026-03-31 04335966 2024-03-31 04335966 2024-04-01 2025-03-31 04335966 2025-03-31 04335966 ns15:EnglandWales 2025-04-01 2026-03-31 04335966 ns14:PoundSterling 2025-04-01 2026-03-31 04335966 ns10:Director1 2025-04-01 2026-03-31 04335966 ns10:Director2 2025-04-01 2026-03-31 04335966 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 04335966 ns10:SmallEntities 2025-04-01 2026-03-31 04335966 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 04335966 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 04335966 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 04335966 ns10:FullAccounts 2025-04-01 2026-03-31 04335966 1 2025-04-01 2026-03-31 04335966 ns10:OrdinaryShareClass1 2025-04-01 2026-03-31 04335966 ns10:CompanySecretary1 2025-04-01 2026-03-31 04335966 ns10:RegisteredOffice 2025-04-01 2026-03-31 04335966 ns5:CurrentFinancialInstruments 2026-03-31 04335966 ns5:CurrentFinancialInstruments 2025-03-31 04335966 ns5:ShareCapital 2026-03-31 04335966 ns5:ShareCapital 2025-03-31 04335966 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 04335966 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 04335966 ns5:NetGoodwill 2025-04-01 2026-03-31 04335966 ns5:IntangibleAssetsOtherThanGoodwill 2025-04-01 2026-03-31 04335966 ns5:FurnitureFittings 2025-04-01 2026-03-31 04335966 ns5:MotorVehicles 2025-04-01 2026-03-31 04335966 ns5:ComputerEquipment 2025-04-01 2026-03-31 04335966 ns5:NetGoodwill 2025-03-31 04335966 ns5:NetGoodwill 2026-03-31 04335966 ns5:NetGoodwill 2025-03-31 04335966 ns5:FurnitureFittings 2025-03-31 04335966 ns5:MotorVehicles 2025-03-31 04335966 ns5:ComputerEquipment 2025-03-31 04335966 ns5:FurnitureFittings 2026-03-31 04335966 ns5:MotorVehicles 2026-03-31 04335966 ns5:ComputerEquipment 2026-03-31 04335966 ns5:FurnitureFittings 2025-03-31 04335966 ns5:MotorVehicles 2025-03-31 04335966 ns5:ComputerEquipment 2025-03-31 04335966 ns5:CostValuation 2025-03-31 04335966 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 04335966 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 04335966 ns5:DeferredTaxation 2025-03-31 04335966 ns5:DeferredTaxation 2025-04-01 2026-03-31 04335966 ns5:DeferredTaxation 2026-03-31 04335966 ns10:OrdinaryShareClass1 2026-03-31 04335966 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 04335966 ns5:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31

REGISTERED NUMBER: 04335966 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2026 |

| for |

| Ace Hardware & DIY Ltd |

| Ace Hardware & DIY Ltd (Registered number: 04335966) |

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Ace Hardware & DIY Ltd |

Company Information

for the Year Ended 31 March 2026

| DIRECTORS: | Mrs V R Priem

| J C Priem

| SECRETARY: | Mrs V R Priem

| REGISTERED OFFICE: | Hightrees

| 5 Centurions Court

| Caerwent

| MONMOUTHSHIRE

| NP26 5FG

| REGISTERED NUMBER: | 04335966 (England and Wales)

| ACCOUNTANTS: | Wormald & Partners

| Chartered Accountants (ICAEW)

| Brunel House

| 11 The Promenade

| Clifton Down

| Bristol

| BS8 3NG

| Ace Hardware & DIY Ltd (Registered number: 04335966) |

Balance Sheet

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 2,337 |  | 3,186 |  |

Investments | 6 | 4 |  | 4 |  |

2,341 |  | 3,190 |  |

CURRENT ASSETS

Stocks | 7 | 66,120 |  | 69,526 |  |

Debtors | 8 | 49,879 |  | 44,503 |  |

Cash at bank and in hand | 80,583 |  | 72,152 |  |

196,582 |  | 186,181 |  |

CREDITORS

Amounts falling due within one year | 9 | 23,707 |  | 46,283 |  |

NET CURRENT ASSETS | 172,875 |  | 139,898 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 175,216 |  | 143,088 |  |

PROVISIONS FOR LIABILITIES | 10 | 619 |  | 844 |  |

NET ASSETS | 174,597 |  | 142,244 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 2 |  | 2 |  |

Retained earnings | 12 | 174,595 |  | 142,242 |  |

SHAREHOLDERS' FUNDS | 174,597 |  | 142,244 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

| Ace Hardware & DIY Ltd (Registered number: 04335966) |

Balance Sheet - continued

31 March 2026

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 4 July 2026 and were signed on its behalf by:

J C Priem - Director

Mrs V R Priem - Director

| Ace Hardware & DIY Ltd (Registered number: 04335966) |

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Ace Hardware & DIY Ltd 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.

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.

| Preparation of consolidated financial statements

| The financial statements contain information about Ace Hardware & DIY Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| 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 2002, is being amortised evenly over its estimated useful life of five 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.

| Fixtures and fittings | - | 15% on straight line basis

| Motor vehicles | - | 20% on straight line basis

| Computer equipment | - | 15% on straight line basis

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

| 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.

| Ace Hardware & DIY Ltd (Registered number: 04335966) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| 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 2 (2025 - 2 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 39,378 |  |

| AMORTISATION

| At 1 April 2025

| and 31 March 2026 | 39,378 |  |

| NET BOOK VALUE

| At 31 March 2026 | - |  |

| At 31 March 2025 | - |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2025 | 9,933 |  | 8,752 |  | 10,023 |  | 28,708 |  |

| Additions | 405 |  | - |  | 135 |  | 540 |  |

| At 31 March 2026 | 10,338 |  | 8,752 |  | 10,158 |  | 29,248 |  |

| DEPRECIATION

| At 1 April 2025 | 7,244 |  | 8,752 |  | 9,526 |  | 25,522 |  |

| Charge for year | 1,322 |  | - |  | 67 |  | 1,389 |  |

| At 31 March 2026 | 8,566 |  | 8,752 |  | 9,593 |  | 26,911 |  |

| NET BOOK VALUE

| At 31 March 2026 | 1,772 |  | - |  | 565 |  | 2,337 |  |

| At 31 March 2025 | 2,689 |  | - |  | 497 |  | 3,186 |  |

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 4 |  |

| NET BOOK VALUE

| At 31 March 2026 | 4 |  |

| At 31 March 2025 | 4 |  |

| Ace Hardware & DIY Ltd (Registered number: 04335966) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

7. | STOCKS

2026 | 2025 |

£ | £ |

| Stocks | 66,120 |  | 69,526 |  |

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade debtors | 7,138 |  | 1,944 |  |

| Amounts due from group

| undertakings | 41,000 |  | 41,000 |  |

| Prepayments | 1,741 |  | 1,559 |  |

49,879 |  | 44,503 |  |

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade creditors | 8,018 |  | 7,079 |  |

| Tax | 10,133 |  | 9,022 |  |

| Social security and other taxes | 3,215 |  | 5,794 |  |

| Other creditors | 37 |  | 122 |  |

| Directors' loan accounts | 1,304 |  | 23,316 |  |

| Accrued expenses | 1,000 |  | 950 |  |

23,707 |  | 46,283 |  |

10. | PROVISIONS FOR LIABILITIES

2026 | 2025 |

£ | £ |

| Deferred tax | 619 |  | 844 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2025 | 844 |  |

| Credit to Income Statement during year | (225 | ) |

| Balance at 31 March 2026 | 619 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

12. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2025 | 142,242 |  |

| Profit for the year | 32,353 |  |

| At 31 March 2026 | 174,595 |  |

| Ace Hardware & DIY Ltd (Registered number: 04335966) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

13. | RELATED PARTY DISCLOSURES

| The company was under the control of the directors Mr and Mrs Priem during the year by virtue of the fact that they own 100% of the company's issued share capital.

| Ace Hardware & DIY Ltd has two wholly owned subsidiaries, Yatton Hardware & DIY Ltd (Company Number 10924096, registered in England & Wales) and Bloodworths Hardware & DIY Ltd (Company Number 11388422, registered in England & Wales).

| At the year end, Bloodworths Hardware & DIY Ltd owed Ace Hardware & DIY Ltd £41,000 (2025: £41,000) and this amount is included within debtors.