Company registration number 01273245 (England and Wales)
COLIN HARDY & CO. LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
COLIN HARDY & CO. LIMITED
COMPANY INFORMATION
Director
Mr C M Hardy
Secretary
L Palmieri
Company number
01273245
Registered office
85 Queen Street
Exeter
Devon
England
EX4 3RP
Accountants
Bush & Co Limited
2 Barnfield Crescent
Exeter
EX1 1QT
COLIN HARDY & CO. LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
COLIN HARDY & CO. LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,713
4,421
Investments
5
200
200
2,913
4,621
Current assets
Debtors
6
172,579
37,937
Cash at bank and in hand
167,784
109,458
340,363
147,395
Creditors: amounts falling due within one year
7
(6,034)
(35,339)
Net current assets
334,329
112,056
Net assets
337,242
116,677
Capital and reserves
Called up share capital
6,000
6,000
Retained earnings
331,242
110,677
Total equity
337,242
116,677

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

COLIN HARDY & CO. LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2024
31 January 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 12 August 2024
Mr C M Hardy
Director
Company Registration No. 01273245
COLIN HARDY & CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -
1
Accounting policies
Company information

Colin Hardy & Co. Limited is a private company limited by shares incorporated in England and Wales. The registered office is 85 Queen Street, Exeter, Devon, England, EX4 3RP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Credit is taken in the Profit and Loss account for commissions earned on general insurance business when the premium is agreed with the client. Income for fees is credited when the invoice is sent to the client.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005 has been amortised evenly over its estimated useful life of two years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% Reducing Balance
Computers
25% Straight Line
Motor vehicles
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

COLIN HARDY & CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
3
COLIN HARDY & CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2023
1,000
Disposals
(1,000)
At 31 January 2024
-
0
Amortisation and impairment
At 1 February 2023
1,000
Disposals
(1,000)
At 31 January 2024
-
0
Carrying amount
At 31 January 2024
-
0
At 31 January 2023
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023
86,433
Disposals
(72,674)
At 31 January 2024
13,759
Depreciation and impairment
At 1 February 2023
82,012
Depreciation charged in the year
1,351
Eliminated in respect of disposals
(72,317)
At 31 January 2024
11,046
Carrying amount
At 31 January 2024
2,713
At 31 January 2023
4,421
COLIN HARDY & CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 6 -
5
Fixed asset investments
2024
2023
£
£
Other investments other than loans
200
200

This investment is of a speculative nature and the returns achieved to date have been small and infrequent. The current value of the investment is therefore uncertain. On the grounds of prudence, the director feels that this investment should be shown at the nominal value of £200.

6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
2,488
Other debtors
172,579
35,449
172,579
37,937
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
30,353
Taxation and social security
465
-
0
Other creditors
5,569
4,986
6,034
35,339
8
Related party transactions

Included in other debtors are amounts owed by the director of £15,244. The loan is charged interest at HM Revenue & Customs' official rate of interest and carries no fixed terms of repayment.

2024-01-312023-02-01false22 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr C M HardyL Palmierifalsefalse012732452023-02-012024-01-3101273245bus:Director12023-02-012024-01-3101273245bus:CompanySecretary12023-02-012024-01-3101273245bus:RegisteredOffice2023-02-012024-01-31012732452024-01-31012732452023-01-3101273245core:OtherPropertyPlantEquipment2024-01-3101273245core:OtherPropertyPlantEquipment2023-01-3101273245core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3101273245core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-3101273245core:CurrentFinancialInstruments2024-01-3101273245core:CurrentFinancialInstruments2023-01-3101273245core:ShareCapital2024-01-3101273245core:ShareCapital2023-01-3101273245core:RetainedEarningsAccumulatedLosses2024-01-3101273245core:RetainedEarningsAccumulatedLosses2023-01-3101273245core:Goodwill2023-02-012024-01-3101273245core:FurnitureFittings2023-02-012024-01-3101273245core:ComputerEquipment2023-02-012024-01-3101273245core:MotorVehicles2023-02-012024-01-31012732452022-02-012023-01-3101273245core:NetGoodwill2023-01-3101273245core:NetGoodwill2024-01-3101273245core:NetGoodwill2023-02-012024-01-3101273245core:NetGoodwill2023-01-3101273245core:OtherPropertyPlantEquipment2023-01-3101273245core:OtherPropertyPlantEquipment2023-02-012024-01-3101273245core:WithinOneYear2024-01-3101273245core:WithinOneYear2023-01-3101273245bus:PrivateLimitedCompanyLtd2023-02-012024-01-3101273245bus:SmallCompaniesRegimeForAccounts2023-02-012024-01-3101273245bus:FRS1022023-02-012024-01-3101273245bus:AuditExemptWithAccountantsReport2023-02-012024-01-3101273245bus:FullAccounts2023-02-012024-01-31xbrli:purexbrli:sharesiso4217:GBP