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Registered number: 04242757
Hardman Electrical Services Limited
Financial Statements
For The Year Ended 4 April 2024
ADC Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04242757
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,247 1,596
1,247 1,596
CURRENT ASSETS
Stocks 5 500 500
Debtors 6 10,542 12,195
Cash at bank and in hand 16,394 17,462
27,436 30,157
Creditors: Amounts Falling Due Within One Year 7 (24,456 ) (24,813 )
NET CURRENT ASSETS (LIABILITIES) 2,980 5,344
TOTAL ASSETS LESS CURRENT LIABILITIES 4,227 6,940
Creditors: Amounts Falling Due After More Than One Year 8 (4,301 ) (5,152 )
NET (LIABILITIES)/ASSETS (74 ) 1,788
CAPITAL AND RESERVES
Called up share capital 9 300 300
Profit and Loss Account (374 ) 1,488
SHAREHOLDERS' FUNDS (74) 1,788
Page 1
Page 2
For the year ending 4 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Hardman
Director
02/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hardman Electrical Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04242757 . The registered office is 5 Boundary Street, Leyland, Lancashire, PR25 4ST.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the installation job is completed.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. Income is recognised in the period the work is carried out.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 50% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 5 April 2023 10,145 25,945 2,283 38,373
As at 4 April 2024 10,145 25,945 2,283 38,373
Depreciation
As at 5 April 2023 9,467 25,101 2,209 36,777
Provided during the period 101 211 37 349
As at 4 April 2024 9,568 25,312 2,246 37,126
Net Book Value
As at 4 April 2024 577 633 37 1,247
As at 5 April 2023 678 844 74 1,596
5. Stocks
2024 2023
£ £
Stock 500 500
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,074 5,584
Prepayments and accrued income 696 696
Other debtors - 143
Deferred tax current asset 5,772 5,772
10,542 12,195
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,121 6,284
Bank loans and overdrafts - 851
Other taxes and social security - 1,315
Other creditors - 388
Accruals and deferred income 900 927
Director's loan account 18,435 15,048
24,456 24,813
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,301 5,152
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
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