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Company Registration No. 2357749 (England and Wales)
Hardings Transport Limited Unaudited accounts for the year ended 31 March 2022
Hardings Transport Limited Unaudited accounts Contents
Page
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Hardings Transport Limited Company Information for the year ended 31 March 2022
Director
Ian Ty Harding
Secretary
Sharon Anne Harding
Company Number
2357749 (England and Wales)
Registered Office
Canister Farm, Reg's Way Bardon 22 Industrial Estate Coalville Leicestershire LE67 1FL UK
Accountants
Witherington & Co Ltd 55a London Road Leicester LE2 0PE
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Hardings Transport Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,994,992 
5,001,600 
Investments
25,387 
23,794 
5,020,379 
5,025,394 
Current assets
Debtors
700,520 
601,357 
Cash at bank and in hand
789,256 
594,665 
1,489,776 
1,196,022 
Creditors: amounts falling due within one year
(1,019,061)
(855,584)
Net current assets
470,715 
340,438 
Total assets less current liabilities
5,491,094 
5,365,832 
Creditors: amounts falling due after more than one year
(1,798,997)
(2,201,376)
Provisions for liabilities
Deferred tax
(147,385)
(140,690)
Net assets
3,544,712 
3,023,766 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,544,612 
3,023,666 
Shareholders' funds
3,544,712 
3,023,766 
For the year ending 31 March 2022 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2022 and were signed on its behalf by
Ian Ty Harding Director Company Registration No. 2357749
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Hardings Transport Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
Hardings Transport Limited is a private company, limited by shares, registered in England and Wales, registration number 2357749. The registered office is Canister Farm, Reg's Way, Bardon 22 Industrial Estate, Coalville, Leicestershire, LE67 1FL, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on reducing balance
Investments
Investments in shares are included at fair value.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Hardings Transport Limited Notes to the Accounts for the year ended 31 March 2022
Pension costs
The company operates a defined contribution scheme for the beenefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2021
4,125,308 
166,711 
1,638,186 
647,212 
94,649 
6,672,066 
Additions
- 
44,036 
209,915 
25,480 
1,024 
280,455 
Disposals
- 
- 
(207,600)
- 
(310)
(207,910)
At 31 March 2022
4,125,308 
210,747 
1,640,501 
672,692 
95,363 
6,744,611 
Depreciation
At 1 April 2021
- 
118,436 
960,018 
502,194 
89,818 
1,670,466 
Charge for the year
- 
18,430 
186,020 
40,974 
1,758 
247,182 
On disposals
- 
- 
(167,995)
- 
(34)
(168,029)
At 31 March 2022
- 
136,866 
978,043 
543,168 
91,542 
1,749,619 
Net book value
At 31 March 2022
4,125,308 
73,881 
662,458 
129,524 
3,821 
4,994,992 
At 31 March 2021
4,125,308 
48,275 
678,168 
145,018 
4,831 
5,001,600 
5
Investments
Other investments 
£ 
Valuation at 1 April 2021
23,794 
Fair value adjustments
1,593 
Valuation at 31 March 2022
25,387 
6
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
662,343 
562,171 
Accrued income and prepayments
12,355 
12,541 
Other debtors
25,822 
26,645 
700,520 
601,357 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
290,954 
228,000 
Obligations under finance leases and hire purchase contracts
106,389 
94,250 
Trade creditors
175,810 
144,244 
Taxes and social security
309,482 
252,899 
Proposed dividends
130,000 
130,000 
Accruals
6,426 
6,191 
1,019,061 
855,584 
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Hardings Transport Limited Notes to the Accounts for the year ended 31 March 2022
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
1,749,691 
2,103,598 
Obligations under finance leases and hire purchase contracts
49,306 
97,778 
1,798,997 
2,201,376 
9
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 48 (2021: 42).
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