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REGISTERED NUMBER: 03171947 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

HARDWICK AGRICULTURAL ENGINEERS LIMITED

HARDWICK AGRICULTURAL ENGINEERS LIMITED (REGISTERED NUMBER: 03171947)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARDWICK AGRICULTURAL ENGINEERS LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTORS: Mr Joshua Eric Hardwick
Mr Eric Richard Hardwick





REGISTERED OFFICE: Main Road
Brompton by Sawdon
Scarborough
North Yorkshire
YO13 9DP





REGISTERED NUMBER: 03171947 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

HARDWICK AGRICULTURAL ENGINEERS LIMITED (REGISTERED NUMBER: 03171947)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 574,051 593,086

CURRENT ASSETS
Stocks 3,471,222 3,974,320
Debtors 5 503,990 1,000,276
Cash at bank and in hand 7,141 88,578
3,982,353 5,063,174
CREDITORS
Amounts falling due within one year 6 3,088,723 4,295,267
NET CURRENT ASSETS 893,630 767,907
TOTAL ASSETS LESS CURRENT LIABILITIES 1,467,681 1,360,993

CREDITORS
Amounts falling due after more than
one year

7

(50,623

)

(66,487

)

PROVISIONS FOR LIABILITIES (41,287 ) (44,402 )
NET ASSETS 1,375,771 1,250,104

CAPITAL AND RESERVES
Called up share capital 2 4
Retained earnings 1,375,769 1,250,100
1,375,771 1,250,104

HARDWICK AGRICULTURAL ENGINEERS LIMITED (REGISTERED NUMBER: 03171947)

BALANCE SHEET - continued
30 April 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mr Eric Richard Hardwick - Director


HARDWICK AGRICULTURAL ENGINEERS LIMITED (REGISTERED NUMBER: 03171947)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Hardwick Agricultural Engineers 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.

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


The level of rounding used in the financial statements is to the nearest £1.

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
The turnover shown in the profit and loss account represents the total invoice value, excluding value added tax, of sales made during the year. Sales are recognised in the profit and loss account either upon despatch of the goods or in the case of services and repairs, in the period in which the work is carried out.

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.
Long leasehold property - Straight line over the life of the lease
Plant and machinery - 15% on reducing balance
Fixtures, fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 profit and loss account, 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.

HARDWICK AGRICULTURAL ENGINEERS LIMITED (REGISTERED NUMBER: 03171947)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

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.

Government grants
The company has adopted the accrual model in regards to accounting for the grants.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Long fittings
leasehold Plant and and Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 480,452 244,078 78,470 108,531 911,531
Additions 3,800 - 824 21,706 26,330
At 30 April 2024 484,252 244,078 79,294 130,237 937,861
DEPRECIATION
At 1 May 2023 89,545 107,410 48,432 73,058 318,445
Charge for year 9,610 20,500 4,576 10,679 45,365
At 30 April 2024 99,155 127,910 53,008 83,737 363,810
NET BOOK VALUE
At 30 April 2024 385,097 116,168 26,286 46,500 574,051
At 30 April 2023 390,907 136,668 30,038 35,473 593,086

HARDWICK AGRICULTURAL ENGINEERS LIMITED (REGISTERED NUMBER: 03171947)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 88,793 16,159 104,952
DEPRECIATION
At 1 May 2023 30,660 8,774 39,434
Charge for year 9,623 1,846 11,469
At 30 April 2024 40,283 10,620 50,903
NET BOOK VALUE
At 30 April 2024 48,510 5,539 54,049
At 30 April 2023 58,133 7,385 65,518

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 448,963 927,603
Other debtors 55,027 72,673
503,990 1,000,276

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 457,534 38,793
Hire purchase contracts 80,157 47,998
Trade creditors 2,253,140 4,028,256
Taxation and social security 229,778 134,747
Other creditors 68,114 45,473
3,088,723 4,295,267

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,630 23,266
Hire purchase contracts 37,993 43,221
50,623 66,487

HARDWICK AGRICULTURAL ENGINEERS LIMITED (REGISTERED NUMBER: 03171947)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 446,886 -
Bank loans 23,278 62,059
Hire purchase contracts 118,150 91,219
588,314 153,278

The bank borrowings are secured by a debenture and a fixed and floating charge over the company's assets and a personal guarantee of £100,000 provided by a director.

Obligations under hire purchase contracts and finance leases are secured on the assets concerned.