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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
Page
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Hardings Transport Limited Company Information for the year ended 31 March 2024
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 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,901,274 
4,907,237 
Investments
27,533 
26,175 
4,928,807 
4,933,412 
Current assets
Debtors
653,620 
666,150 
Cash at bank and in hand
374,904 
478,792 
1,028,524 
1,144,942 
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 
Capital and reserves
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
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Hardings Transport Limited Notes to the Accounts for the year ended 31 March 2024
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 2024
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 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 
Depreciation
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 
Net book value
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 
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
26,175 
Fair value adjustments
1,358 
Valuation at 31 March 2024
27,533 
6
Debtors
2024 
2023 
£ 
£ 
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 
653,620 
666,150 
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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 
Other creditors
79,439 
- 
Accruals
9,456 
146,377 
Deferred income
56,250 
56,250 
1,005,289 
1,054,813 
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 
- 
923,510 
1,160,250 
9
Share capital
2024 
2023 
£ 
£ 
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).
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