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REGISTERED NUMBER: 03374332 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

HARDISTY CRN LTD

HARDISTY CRN LTD (REGISTERED NUMBER: 03374332)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARDISTY CRN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: D M Hardisty
Mrs S Hardisty





SECRETARY: D M Hardisty





REGISTERED OFFICE: Unit 7 & 8, Priory Mews
Monks Ferry
Birkenhead
Wirral
CH41 5AZ





REGISTERED NUMBER: 03374332 (England and Wales)





ACCOUNTANTS: Michael Donnan & Co Limited
Oaktree Court Business Ctr
Mill Lane
Ness
Cheshire
CH64 8TP

HARDISTY CRN LTD (REGISTERED NUMBER: 03374332)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 231,102 174,755

CURRENT ASSETS
Stocks 39,000 49,141
Debtors 5 1,657,374 1,376,743
Cash at bank 814,168 667,877
2,510,542 2,093,761
CREDITORS
Amounts falling due within one year 6 1,353,451 1,024,028
NET CURRENT ASSETS 1,157,091 1,069,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,388,193

1,244,488

CREDITORS
Amounts falling due after more than
one year

7

(94,230

)

(57,387

)

PROVISIONS FOR LIABILITIES (22,700 ) (11,000 )
NET ASSETS 1,271,263 1,176,101

HARDISTY CRN LTD (REGISTERED NUMBER: 03374332)

BALANCE SHEET - continued
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 50 50
Capital redemption reserve 11 50 50
Retained earnings 11 1,271,163 1,176,001
SHAREHOLDERS' FUNDS 1,271,263 1,176,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 3 October 2024 and were signed on its behalf by:





D M Hardisty - Director


HARDISTY CRN LTD (REGISTERED NUMBER: 03374332)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Hardisty CRN Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Transactions are rounded to the nearest £.

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 of work done, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


HARDISTY CRN LTD (REGISTERED NUMBER: 03374332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 45 ) .

HARDISTY CRN LTD (REGISTERED NUMBER: 03374332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 5,497 7,455 354,553 10,621 378,126
Additions - - 151,050 - 151,050
Disposals - - (98,254 ) - (98,254 )
At 31 May 2024 5,497 7,455 407,349 10,621 430,922
DEPRECIATION
At 1 June 2023 1,495 3,149 192,800 5,927 203,371
Charge for year 395 1,079 56,003 2,964 60,441
Eliminated on disposal - - (63,992 ) - (63,992 )
At 31 May 2024 1,890 4,228 184,811 8,891 199,820
NET BOOK VALUE
At 31 May 2024 3,607 3,227 222,538 1,730 231,102
At 31 May 2023 4,002 4,306 161,753 4,694 174,755

HARDISTY CRN LTD (REGISTERED NUMBER: 03374332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 199,022
Additions 151,050
Disposals (43,565 )
Transfer to ownership (46,275 )
At 31 May 2024 260,232
DEPRECIATION
At 1 June 2023 103,693
Charge for year 39,663
Eliminated on disposal (26,227 )
Transfer to ownership (30,413 )
At 31 May 2024 86,716
NET BOOK VALUE
At 31 May 2024 173,516
At 31 May 2023 95,329

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 839,103 718,729
Other debtors 56,372 43,079
Directors' current accounts 77,546 77,532
Prepayments 26,997 36,294
Accrued income 657,356 501,109
1,657,374 1,376,743

HARDISTY CRN LTD (REGISTERED NUMBER: 03374332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 12,649 58,531
Hire purchase contracts and finance leases (see note 8)
42,566

27,147
Trade creditors 584,985 558,280
Tax 154,754 122,772
Social security and other taxes 109,498 42,837
VAT 15,126 15,272
Other creditors 108,807 31,624
Deferred income 88,334 -
Accrued expenses 236,732 167,565
1,353,451 1,024,028

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years - 10,000
Hire purchase contracts and finance leases (see note 8)
84,230

37,387
94,230 57,387

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
Finance leases
31/5/24 31/5/23 31/5/24 31/5/23
£    £    £    £   
Net obligations repayable:
Within one year 38,375 16,381 4,191 10,766
Between one and five years 82,126 26,012 2,104 11,375
120,501 42,393 6,295 22,141

At 31 May 2024, the company had total commitments under a lease rental agreement of £32,400 (2023 - £Nil), committed by way of monthly payment of £1,200.

HARDISTY CRN LTD (REGISTERED NUMBER: 03374332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Bank loans 22,649 78,531
Hire purchase contracts and finance leases 126,796 64,534
149,445 143,065

The hire purchase creditors are secured on the assets which are the subject of the agreements.

The North West Fund for Business Loan contains a fixed and floating charge over the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
50 Ordinary £1 50 50

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 June 2023 1,176,001 50 1,176,051
Profit for the year 458,162 458,162
Dividends (363,000 ) (363,000 )
At 31 May 2024 1,271,163 50 1,271,213

HARDISTY CRN LTD (REGISTERED NUMBER: 03374332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31/5/24 31/5/23
£    £   
D M Hardisty
Balance outstanding at start of year 77,532 76,769
Amounts advanced 405,812 299,819
Amounts repaid (405,798 ) (299,056 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 77,546 77,532

The above advance is interest free, has no fixed repayment date and is unsecured.