Clifton Hardware Limited Accounts






	Clifton Hardware Limited
	Company No. 04740359

	Director's Report and Unaudited Accounts
	30 April 2026




		Pages

Company Information

3

Directors Report

4

Accountants Report

5

Profit and Loss Account

6

Statement of Comprehensive Income

7

Balance Sheet

8 to 9

Statement of Changes in Equity

10

Notes to the Accounts

11 to 16

Director

M. R.Johnson


Registered Office

19 Regent Street
Clifton
BRISTOL
BS8 4HW

Accountants

A K Tax Consultant Limited
18 Oakwood Road
Henleaze
Bristol
BS9 4NR

The Director presents his report and the accounts for the year ended 30 April 2026.

Principal activities

The principal activity of the company during the year under review was Hardware Store.
-

Director

The Director who served at any time during the year was as follows:

M. R.Johnson





The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

M. R.Johnson
Director
18 August 2026

Accountants Report to the director of Clifton Hardware Limited on the preparation of the unaudited statutory accounts for the year ended 30 April 2026

In order to assist you to fulfil your duties under the Companies Act 2006 and in accordance with your instructions, we have prepared for your approval the financial statements of Clifton Hardware Limited for the year ended 30 April 2026 set out on pages to from the company's accounting records and from information and explanations you have given us.

You consider that the company is exempt from an audit for the year ended 30 April 2026. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing financial statements that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit for the year.

We have not carried out an audit or a review of the financial statements of Clifton Hardware Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

A K Tax Consultant Limited
Accountants
18 Oakwood Road
Henleaze
Bristol
BS9 4NR
18 August 2026

for the year ended 30 April 2026

	2026	2025
	£	£
Turnover	132,763	136,856

Cost of Sales	(73,242)	(74,969)

Gross profit	59,521	61,887

Distribution costs and selling expenses	-	(35)

Administrative expenses	(45,218)	(45,633)


Operating profit	14,303	16,219




Interest payable and similar charges	(863)	(742)


Profit on ordinary activities before taxation	13,440	15,477

Taxation	(2,573)	(3,538)

Profit for the financial year after taxation	10,867	11,939

STATEMENT OF COMPREHENSIVE INCOME

for the year ended 30 April 2026

	2026	2025

	£	£
Profit for the financial year after taxation	10,867	11,939



Total comprehensive income for the period	10,867	11,939

at	30 April 2026
Company No.		04740359	Notes	2026	2025
				£	£
Fixed assets
	Intangible assets		5	24,000	27,000
	Tangible assets		6	304	70
				24,304	27,070
Current assets
	Stocks		7	21,100	16,250
	Debtors		8	2,210	2,531
	Investments		9	-	-
	Cash at bank and in hand			2,960	6,628
				26,270	25,409
Creditors: Amount falling due within one year			10	(19,534)	(21,606)
Net current assets				6,736	3,803
Total assets less current liabilities				31,040	30,873
Creditors: Amounts falling due after more than one year			11	(16,975)	(16,975)
Net assets				14,065	13,898

Capital and reserves
	Profit and loss account		12	14,065	13,898


Total equity				14,065	13,898


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 April 2026 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



Approved by the board on 18 August 2026 and signed on its behalf by:

M. R.Johnson
Director
18 August 2026

for the year ended 30 April 2026

		Share Capital	Share Premium	Other Reserves	Retained earnings	Total equity
					£	£
	At 01 May 2024	-	-	-	18,059	18,059
	Profit for the period				11,939	11,939
	Dividends				(16,100)	(16,100)


	At 30 April 2025 and 1 May 2025	-	-	-	13,898	13,898
	Profit for the period				10,867	10,867
	Dividends				(10,700)	(10,700)
	At 30 April 2026	-	-	-	14,065	14,065

for the year ended 30 April 2026

1

General information

Clifton Hardware Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 04740359

Its registered office is:

19 Regent Street

Clifton

BRISTOL

BS8 4HW

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2

Accounting policies

Revenue recognition

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

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 profit and loss account because of items of income or expense that are taxable or deductible in other years 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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. Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
		2026	2025
		Number	Number
	The average monthly number of employees (including directors) during the year was:	2	2

4	Taxation
		(a) Tax on profit on ordinary activities	2026	2025
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	2,573	3,538
		Total corporation tax	2,573.00	3,538.00

		Tax on profit on ordinary activities	2,573	3,538

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2026	2025
		2573	£	£
		Profit on ordinary activities before tax	13,440	15,477


		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	-	-
		Expenses not deductible for tax purposes	2,573	3,538
		Tax on profit on ordinary activities	2,573	3,538

5	Intangible fixed assets
			Goodwill	Patents and trade-marks	Development costs	Other	Total
			£	£	£	£	£
		Cost
		At 1 May 2025	30,000	-	-	-	30,000
		At 30 April 2026	30,000	-	-	-	30,000
		Amortisation and impairment
		At 1 May 2025	3,000	-	-	-	3,000
		Charge for the year	3,000	-	-	-	3,000
		At 30 April 2026	6,000	-	-	-	6,000
		Net book values
		At 30 April 2026	24,000	-	-	-	24,000
		At 30 April 2025	27,000	-	-	-	27,000

6	Tangible fixed assets
			Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£	£
		Cost or revaluation
		At 1 May 2025	-	2,252	-	-	2,252
		Additions	-	337	-	-	337
		At 30 April 2026	-	2,589	-	-	2,589
		Depreciation
		At 1 May 2025	-	2,182	-	-	2,182
		Charge for the year	-	103	-	-	103
		At 30 April 2026	-	2,285	-	-	2,285
		Net book values
		At 30 April 2026	-	304	-	-	304
		At 30 April 2025	-	70	-	-	70

7	Stocks
			2026	2025
			£	£
		Finished goods	21,100	16,250
			21,100	16,250

8	Debtors
			2026	2025
			£	£
		Trade debtors	-	113
		Other debtors	36	-
		Prepayments and accrued income	2,174	2,418
			2,210	2,531

9

Current asset investments

10	Creditors:
		amounts falling due within one year
			2026	2025
			£	£
		Bank loans and overdrafts	3,023	2,078
		Trade creditors	5,195	-
		Taxes and social security	5,156	6,796
		Loans from directors	4,831	11,468
		Other creditors	32	-
		Accruals and deferred income	1,297	1,264
			19,534	21,606

11	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£
		Other creditors	16,975	16,975
			16,975	16,975

12	Reserves
			Revaluation Reserve	Capital redemption reserve	Total other reserves
			£	£	£

		Profit and loss account - includes all current and prior period retained profits and losses.

13	Dividends
			2026	2025
			£	£
		Dividends for the period:
		Dividends paid in the period	10,700	16,100
			10,700	16,100

		Dividends by type:
		Equity dividends	10,700	16,100
			10,700	16,100

14

Transition to FRS 102

The impact from the transition to FRS 102 is as follows: