REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2023 |
for |
Hardy & Hewett Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2023 |
for |
Hardy & Hewett Limited |
Hardy & Hewett Limited (Registered number: 03957553) |
Contents of the Financial Statements |
for the year ended 30 April 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Hardy & Hewett Limited |
Company Information |
for the year ended 30 April 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Certified Accountants |
Statutory Auditors |
The Annex |
143-145 Stanwell Road |
Ashford |
Middlesex |
TW15 3QN |
Hardy & Hewett Limited (Registered number: 03957553) |
Balance Sheet |
30 April 2023 |
30/4/23 | 30/4/22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
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 |
Hardy & Hewett Limited (Registered number: 03957553) |
Notes to the Financial Statements |
for the year ended 30 April 2023 |
1. | STATUTORY INFORMATION |
Hardy & Hewett Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales excluding value added tax. Turnover comprises ticket sales issued for travel facilities undertaken by the company during the year and commission income earned in respect of other travel facilities arranged under licence on behalf of the company's franchisor. |
Tangible fixed assets |
Improvements to property | - |
Fixtures and fittings | - |
Office & Computer equip | - |
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. |
Hardy & Hewett Limited (Registered number: 03957553) |
Notes to the Financial Statements - continued |
for the year ended 30 April 2023 |
2. | ACCOUNTING POLICIES - continued |
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. |
Going concern |
The financial statements have been prepared on a going concern basis. |
In making their assessment, the Directors have reviewed and considered relevant information, including the level of reserves, the continued support from its bankers, its annual budget and future cash flows. In particular, in response to the COVID-19 pandemic, the Directors have tested their cash flow analysis to take into account the impact on their business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate its impact and to continue the future activities of the Company on a long term profitable basis. |
Based on these assessments and subsequent continued improvement to trade following the lessening of the impact of Covid-19 and the current resources available, the Directors concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts. |
The financial statements do not include any adjustments to the value of the balance sheet which would result from the going concern basis not being valid. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Hardy & Hewett Limited (Registered number: 03957553) |
Notes to the Financial Statements - continued |
for the year ended 30 April 2023 |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures | Office & |
to | and | Computer |
property | fittings | equip | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2022 |
Additions |
At 30 April 2023 |
DEPRECIATION |
At 1 May 2022 |
Charge for year |
At 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 30 April 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/4/23 | 30/4/22 |
£ | £ |
Trade debtors |
VAT |
Prepayments and accrued income |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/4/23 | 30/4/22 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
Dolphin Creditors |
Credit card balances | (124 | ) | 1,343 |
Directors' current accounts | 3,193 | 3,193 |
Accrued expenses |
Hardy & Hewett Limited (Registered number: 03957553) |
Notes to the Financial Statements - continued |
for the year ended 30 April 2023 |
7. | PROVISIONS FOR LIABILITIES |
30/4/23 | 30/4/22 |
£ | £ |
Deferred tax | 4,768 | 5,323 |
Deferred |
tax |
£ |
Balance at 1 May 2022 |
Credit to Income Statement | (555 | ) |
Balance at 30 April 2023 |
8. | RESERVES |
Retained |
earnings |
£ |
At 1 May 2022 |
Profit for the year |
Dividends | ( |
) |
At 30 April 2023 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | ULTIMATE CONTROLLING PARTY |
There is no one party who may be considered the ultimate controlling party. |
11. | BSP | OUTSTANDING CASH SALES |
At 30th April 2023 the BSP Outstanding Cash Sales were £195,619. ( 2022 £291,962 ) |