IRIS Accounts Production v24.2.0.383 03957553 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 23/10/2024 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039575532023-04-30039575532024-04-30039575532023-05-012024-04-30039575532022-04-30039575532022-05-012023-04-30039575532023-04-3003957553ns15:EnglandWales2023-05-012024-04-3003957553ns14:PoundSterling2023-05-012024-04-3003957553ns10:Director12023-05-012024-04-3003957553ns10:Director22023-05-012024-04-3003957553ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003957553ns10:SmallEntities2023-05-012024-04-3003957553ns10:Audited2023-05-012024-04-3003957553ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003957553ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003957553ns10:FullAccounts2023-05-012024-04-3003957553ns10:CompanySecretary12023-05-012024-04-3003957553ns10:RegisteredOffice2023-05-012024-04-3003957553ns5:CurrentFinancialInstruments2024-04-3003957553ns5:CurrentFinancialInstruments2023-04-3003957553ns5:ShareCapital2024-04-3003957553ns5:ShareCapital2023-04-3003957553ns5:RetainedEarningsAccumulatedLosses2024-04-3003957553ns5:RetainedEarningsAccumulatedLosses2023-04-3003957553ns5:LeaseholdImprovements2023-05-012024-04-3003957553ns5:FurnitureFittings2023-05-012024-04-3003957553ns5:ComputerEquipment2023-05-012024-04-3003957553ns5:LeaseholdImprovements2023-04-3003957553ns5:FurnitureFittings2023-04-3003957553ns5:ComputerEquipment2023-04-3003957553ns5:LeaseholdImprovements2024-04-3003957553ns5:FurnitureFittings2024-04-3003957553ns5:ComputerEquipment2024-04-3003957553ns5:LeaseholdImprovements2023-04-3003957553ns5:FurnitureFittings2023-04-3003957553ns5:ComputerEquipment2023-04-3003957553ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3003957553ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3003957553ns5:DeferredTaxation2023-04-3003957553ns5:DeferredTaxation2024-04-3003957553ns5:RetainedEarningsAccumulatedLosses2023-04-3003957553ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 03957553 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Hardy & Hewett Limited

Hardy & Hewett Limited (Registered number: 03957553)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hardy & Hewett Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: N Hardy
M S Hewett





SECRETARY: M S Hewett





REGISTERED OFFICE: The Annex
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: 03957553 (England and Wales)





AUDITORS: Benedict Ford Thorne
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 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,718 24,797

CURRENT ASSETS
Debtors 5 1,272,207 1,392,261
Cash at bank 1,143,839 1,125,470
2,416,046 2,517,731
CREDITORS
Amounts falling due within one year 6 891,124 1,063,439
NET CURRENT ASSETS 1,524,922 1,454,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,543,640

1,479,089

PROVISIONS FOR LIABILITIES 7 4,517 4,768
NET ASSETS 1,539,123 1,474,321

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Retained earnings 8 1,499,123 1,434,321
SHAREHOLDERS' FUNDS 1,539,123 1,474,321

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

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 23 October 2024 and were signed on its behalf by:




N Hardy - Director



M S Hewett - Director


Hardy & Hewett Limited (Registered number: 03957553)

Notes to the Financial Statements
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Hardy & Hewett Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 10% on cost
Office & Computer equip - between 20 % and 33.33 % on cost

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 2024


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 11 (2023 - 14 ) .

Hardy & Hewett Limited (Registered number: 03957553)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures Office &
to and Computer
property fittings equip Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 66,455 59,573 95,715 221,743
DEPRECIATION
At 1 May 2023 53,108 59,573 84,265 196,946
Charge for year 4,215 - 1,864 6,079
At 30 April 2024 57,323 59,573 86,129 203,025
NET BOOK VALUE
At 30 April 2024 9,132 - 9,586 18,718
At 30 April 2023 13,347 - 11,450 24,797

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 1,247,665 1,370,206
VAT 6,145 3,903
Prepayments and accrued income 13,204 12,959
Prepayments 5,193 5,193
1,272,207 1,392,261

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 354 -
Trade creditors 85,557 19,865
Tax 45,579 46,318
Social security and other taxes 6,719 8,102
Dolphin Creditors 746,147 972,943
Credit card balances (97 ) (124 )
Directors' current accounts 3,193 3,193
Accrued expenses 3,672 13,142
891,124 1,063,439

Hardy & Hewett Limited (Registered number: 03957553)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


7. PROVISIONS FOR LIABILITIES
30/4/24 30/4/23
£    £   
Deferred tax 4,517 4,768

Deferred
tax
£   
Balance at 1 May 2023 4,768
Credit to Income Statement (251 )
Balance at 30 April 2024 4,517

8. RESERVES
Retained
earnings
£   

At 1 May 2023 1,434,321
Profit for the year 134,802
Dividends (70,000 )
At 30 April 2024 1,499,123

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Thorne FCCA (Senior Statutory Auditor)
for and on behalf of Benedict Ford Thorne

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 2024 the BSP Outstanding Cash Sales were £187,008. ( 2023 £195,619 )