REGISTERED NUMBER: 04335966 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Ace Hardware & DIY Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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

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.