Company Registration No. 2357749 (England and Wales)
Hardings Transport Limited
Unaudited accounts
for the year ended 31 March 2024
Hardings Transport Limited
Unaudited accounts
Contents
Hardings Transport Limited
Company Information
for the year ended 31 March 2024
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
Hardings Transport Limited
Statement of financial position
as at 31 March 2024
Tangible assets
4,901,274
4,907,237
Cash at bank and in hand
374,904
478,792
Creditors: amounts falling due within one year
(1,005,289)
(1,054,813)
Net current assets
23,235
90,129
Total assets less current liabilities
4,952,042
5,023,541
Creditors: amounts falling due after more than one year
(923,510)
(1,160,250)
Provisions for liabilities
Deferred tax
(184,901)
(135,479)
Net assets
3,843,631
3,727,812
Called up share capital
100
100
Profit and loss account
3,843,531
3,727,712
Shareholders' funds
3,843,631
3,727,812
For the year ending 31 March 2024 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 23 July 2024 and were signed on its behalf by
Ian Ty Harding
Director
Company Registration No. 2357749
Hardings Transport Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 in shares are included at fair value.
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.
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.
Hardings Transport Limited
Notes to the Accounts
for the year ended 31 March 2024
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 2023
4,125,308
210,747
1,740,345
675,095
5,945
6,757,440
Additions
-
-
251,500
455
249
252,204
Disposals
-
(17,950)
(188,000)
-
-
(205,950)
At 31 March 2024
4,125,308
192,797
1,803,845
675,550
6,194
6,803,694
At 1 April 2023
-
155,336
1,115,060
575,608
4,199
1,850,203
Charge for the year
-
13,422
169,170
24,987
626
208,205
On disposals
-
(16,228)
(139,760)
-
-
(155,988)
At 31 March 2024
-
152,530
1,144,470
600,595
4,825
1,902,420
At 31 March 2024
4,125,308
40,267
659,375
74,955
1,369
4,901,274
At 31 March 2023
4,125,308
55,411
625,285
99,487
1,746
4,907,237
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Investments
Other investments
Valuation at 1 April 2023
26,175
Fair value adjustments
1,358
Valuation at 31 March 2024
27,533
Amounts falling due within one year
Trade debtors
624,019
629,029
Accrued income and prepayments
8,901
6,746
Other debtors
20,700
30,375
Hardings Transport Limited
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
249,200
265,000
Obligations under finance leases and hire purchase contracts
80,000
49,305
Trade creditors
178,549
165,234
Taxes and social security
252,395
242,647
Proposed dividends
100,000
130,000
Deferred income
56,250
56,250
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
876,843
1,160,250
Obligations under finance leases and hire purchase contracts
46,667
-
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 41 (2023: 48).