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Company Registration No. 11048432 (England and Wales)
Team Hardy Limited Unaudited accounts for the year ended 30 April 2024
Team Hardy Limited Unaudited accounts Contents
Page
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Team Hardy Limited Company Information for the year ended 30 April 2024
Director
Daniel Ashburn
Company Number
11048432 (England and Wales)
Registered Office
61 Bridge Street Bridge Street Kington HR5 3DJ England
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Team Hardy Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,363,674 
- 
Tangible assets
- 
2,172 
2,363,674 
2,172 
Current assets
Inventories
557,824 
320,203 
Debtors
11,401 
50,798 
Cash at bank and in hand
2,517 
129,682 
571,742 
500,683 
Creditors: amounts falling due within one year
(768,316)
(204,879)
Net current (liabilities)/assets
(196,574)
295,804 
Total assets less current liabilities
2,167,100 
297,976 
Creditors: amounts falling due after more than one year
(2,263,741)
(23,265)
Net (liabilities)/assets
(96,641)
274,711 
Capital and reserves
Called up share capital
250 
250 
Profit and loss account
(96,891)
274,461 
Shareholders' funds
(96,641)
274,711 
For the year ending 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 January 2025 and were signed on its behalf by
Daniel Ashburn Director Company Registration No. 11048432
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Team Hardy Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Team Hardy Limited is a private company, limited by shares, registered in England and Wales, registration number 11048432. The registered office is 61 Bridge Street Bridge Street, Kington, HR5 3DJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25%
Computer equipment
33%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill amortised over 10 years.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
- 
Additions
2,787,105 
At 30 April 2024
2,787,105 
Amortisation
At 1 May 2023
- 
Charge for the year
423,431 
At 30 April 2024
423,431 
Net book value
At 30 April 2024
2,363,674 
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Team Hardy Limited Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
345 
1,975 
2,320 
Disposals
(345)
(1,975)
(2,320)
At 30 April 2024
- 
- 
- 
Depreciation
At 1 May 2023
65 
83 
148 
Charge for the year
280 
1,892 
2,172 
On disposals
(345)
(1,975)
(2,320)
At 30 April 2024
- 
- 
- 
Net book value
At 30 April 2024
- 
- 
- 
At 30 April 2023
280 
1,892 
2,172 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,565 
25,693 
Accrued income and prepayments
1,836 
1,784 
Other debtors
- 
21,240 
11,401 
48,717 
Amounts falling due after more than one year
Other debtors
- 
2,081 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
38,151 
- 
VAT
12,657 
20,914 
Trade creditors
278,372 
- 
Amounts owed to group undertakings and other participating interests
113,875 
- 
Taxes and social security
- 
53,266 
Other creditors
322,696 
2,539 
Loans from directors
- 
127,310 
Accruals
2,565 
850 
768,316 
204,879 
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Team Hardy Limited Notes to the Accounts for the year ended 30 April 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,587 
20,241 
Amounts owed to group undertakings and other participating interests
- 
3,024 
Other creditors
2,402,116 
- 
Loans from directors
(151,962)
- 
2,263,741 
23,265 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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