REGISTERED NUMBER: 05004030 (England and Wales)

Financial Statements for the Year Ended 28 February 2025

for

Aaron's Department Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D C Horsfall

Mrs M Horsfall

REGISTERED OFFICE:

43 Church Lane

Pudsey

Leeds

LS28 7RR

REGISTERED NUMBER:

05004030 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Intangible assets

4

53,333

-

Tangible assets

5

19,271

24,628

Investments

6

97,394

97,394

169,998

122,022

CURRENT ASSETS

Stocks

141,950

151,532

Debtors

7

109,549

97,530

Cash at bank and in hand

19,710

43,030

271,209

292,092

CREDITORS

Amounts falling due within one year

8

400,665

345,087

NET CURRENT LIABILITIES

(129,456

)

(52,995

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,542

69,027

CREDITORS

Amounts falling due after more than one year

9

(25,464

)

(31,020

)

PROVISIONS FOR LIABILITIES

(2,767

)

(3,691

)

NET ASSETS

12,311

34,316

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

11,911

33,916

SHAREHOLDERS' FUNDS

12,311

34,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

D C Horsfall - Director

1.	STATUTORY INFORMATION

Aaron's Department Limited 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.

Turnover

Turnover represents net invoiced services, exluding value added tax. Revenue is recognised when the company obtains the right to receive consideration for services provided.

Goodwill

Goodwill, being the amount paid in connection with the aquisition of a business in 2008, is being amortised over its estimated useful life of ten 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.

Computer software is being amortised evenly over its estimated useful life of three years.

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 reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Financial instruments

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit & loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 March 2024

80,908

-

80,908

Additions

-

80,000

80,000

At 28 February 2025

80,908

80,000

160,908

AMORTISATION

At 1 March 2024

80,908

-

80,908

Charge for year

-

26,667

26,667

At 28 February 2025

80,908

26,667

107,575

NET BOOK VALUE

At 28 February 2025

-

53,333

53,333

At 29 February 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2024

21,375

22,526

89,946

133,847

Additions

-

-

292

292

At 28 February 2025

21,375

22,526

90,238

134,139

DEPRECIATION

At 1 March 2024

15,556

16,735

76,928

109,219

Charge for year

872

1,447

3,330

5,649

At 28 February 2025

16,428

18,182

80,258

114,868

NET BOOK VALUE

At 28 February 2025

4,947

4,344

9,980

19,271

At 29 February 2024

5,819

5,791

13,018

24,628

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2024

and 28 February 2025

97,394

NET BOOK VALUE

At 28 February 2025

97,394

At 29 February 2024

97,394

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

14,368

17,728

Other debtors

95,181

79,802

109,549

97,530

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

5,599

5,556

Trade creditors

136,992

71,228

Amounts owed to group undertakings

139,317

217,360

Taxation and social security

25,587

24,856

Other creditors

93,170

26,087

400,665

345,087

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

25,464

31,020

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,241

8,797

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

28.2.25

29.2.24

£

£

Within one year

5,283

5,283

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25

29.2.24

£

£

D C Horsfall and Mrs M Horsfall

Balance outstanding at start of year

-

-

Amounts advanced

11,929

-

Amounts repaid

(11,929

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-