Company registration number 00640564 (England and Wales)
A.J. & M.A. HARDY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
A.J. & M.A. HARDY LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
A.J. & M.A. HARDY LIMITED
COMPANY INFORMATION
Directors
Mrs Sandra Moore
Mr Brian Moore
Mr Paul Moore
Company number
00640564
Registered office
Silver Birches
7 Park Road
Sherington
Newport Pagnell
Buckinghamshire
MK16 9PF
Accountants
John H. F. King
Chartered Certified Accountants
119 High Street
Clay Cross
Chesterfield
Derbyshire
S45 9DZ
A.J. & M.A. HARDY LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2024
- 1 -

The directors present their annual report and financial statements for the year ended 30 April 2024.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mrs Sandra Moore
Mr Brian Moore
Mr Paul Moore
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mrs Sandra Moore
Director
18 January 2025
A.J. & M.A. HARDY LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF A.J. & M.A. HARDY LIMITED
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A.J. & M.A. Hardy Limited for the year ended 30 April 2024 which comprise the profit and loss account, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of A.J. & M.A. Hardy Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A.J. & M.A. Hardy Limited and state those matters that we have agreed to state to the board of directors of A.J. & M.A. Hardy Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.J. & M.A. Hardy Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that A.J. & M.A. Hardy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A.J. & M.A. Hardy Limited. You consider that A.J. & M.A. Hardy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A.J. & M.A. Hardy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

John H. F. King
Chartered Certified Accountants
119 High Street
Clay Cross
Chesterfield
Derbyshire
S45 9DZ
18 January 2025
A.J. & M.A. HARDY LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
2024
2023
Notes
£
£
Turnover
-
-
Administrative expenses
(1,440)
(1,470)
Other operating income
67
399
Operating loss
(1,373)
(1,071)
Interest receivable and similar income
1,774
397
Amounts written back to investments
3
6,359
66
Profit/(loss) before taxation
6,760
(608)
Tax on profit/(loss)
(1,590)
(441)
Profit/(loss) for the financial year
5,170
(1,049)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

A.J. & M.A. HARDY LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 4 -
2024
2023
Notes
£
£
£
£
Current assets
Investments
4
71,222
63,030
Cash at bank and in hand
4,660
8,019
75,882
71,049
Creditors: amounts falling due within one year
5
(7,159)
(8,686)
Net current assets
68,723
62,363
Provisions for liabilities
6
(7,846)
(6,256)
Net assets
60,877
56,107
Capital and reserves
Called up share capital
5,000
5,000
Profit and loss reserves
55,877
51,107
Total equity
60,877
56,107

For the financial year ended 30 April 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The financial statements were approved by the board of directors and authorised for issue on 18 January 2025 and are signed on its behalf by:
Mrs Sandra Moore
Director
Company registration number 00640564 (England and Wales)
A.J. & M.A. HARDY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
1
Accounting policies
Company information

A.J. & M.A. Hardy Limited is a private company limited by shares incorporated in England and Wales. The registered office is Silver Birches, 7 Park Road, Sherington, Newport Pagnell, Buckinghamshire, MK16 9PF.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.3
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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

A.J. & M.A. HARDY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
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.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

A.J. & M.A. HARDY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 7 -
2
Employees

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

2024
2023
Number
Number
Total
3
2
3
Amounts written back to investments
2024
2023
£
£
Fair value gains/(losses)
Gain/(loss) on financial assets held at fair value through profit or loss
6,359
(37,113)
The above figures represent the change in unrealised gains on investments for the year. Realised gains credited to profit and loss amount to £Nil (2023 £37179).
4
Current asset investments
2024
2023
£
£
Listed investments
71,222
63,030

In accordance with the requirements of FRS102, the listed investment portfolio is stated at fair value. Consequently the difference between fair value and historical cost is recognised in the profit and loss account. As a result, retained earnings now include unrealised investment gains of £23537, (2023 £18768).

5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
-
0
5,991
Other creditors
5,710
1,246
Accruals and deferred income
1,449
1,449
7,159
8,686
6
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
7,846
6,256
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