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REGISTERED NUMBER: 04821981 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

HARDMET ASSOCIATES LTD

HARDMET ASSOCIATES LTD (REGISTERED NUMBER: 04821981)






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


HARDMET ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs L J Trickett
M Driver





REGISTERED OFFICE: 18 High West Street
Dorchester
Dorset
DT1 1UW





REGISTERED NUMBER: 04821981 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

HARDMET ASSOCIATES LTD (REGISTERED NUMBER: 04821981)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,557 2,993

CURRENT ASSETS
Stocks 47,539 30,548
Debtors 5 209,790 117,194
Cash at bank and in hand 88,817 259,493
346,146 407,235
CREDITORS
Amounts falling due within one year 6 13,838 81,317
NET CURRENT ASSETS 332,308 325,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

334,865

328,911

PROVISIONS FOR LIABILITIES 7 122 238
NET ASSETS 334,743 328,673

CAPITAL AND RESERVES
Called up share capital 8 114 114
Retained earnings 334,629 328,559
SHAREHOLDERS' FUNDS 334,743 328,673

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.

HARDMET ASSOCIATES LTD (REGISTERED NUMBER: 04821981)

BALANCE SHEET - continued
31 MAY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2024 and were signed on its behalf by:




M Driver - Director



Mrs L J Trickett - Director


HARDMET ASSOCIATES LTD (REGISTERED NUMBER: 04821981)

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

1. STATUTORY INFORMATION

Hardmet Associates 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Office and computer equipment - 25% on reducing balance

Stocks
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 items.

Cost includes all direct costs and an appropriate proportion of fixed and variable overheads and in the case of work in progress a proportion of attributable profit.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

HARDMET ASSOCIATES LTD (REGISTERED NUMBER: 04821981)

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

4. TANGIBLE FIXED ASSETS
Office
and
Plant and computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2023 5,433 9,609 15,042
Additions - 291 291
At 31 May 2024 5,433 9,900 15,333
DEPRECIATION
At 1 June 2023 3,539 8,510 12,049
Charge for year 379 348 727
At 31 May 2024 3,918 8,858 12,776
NET BOOK VALUE
At 31 May 2024 1,515 1,042 2,557
At 31 May 2023 1,894 1,099 2,993

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,688 60,873
Other debtors 57,664 55,755
Directors' loan accounts 131,927 -
Prepayments 511 566
209,790 117,194

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,870 6,544
Corporation tax 1,780 15,671
Social security and other taxes 2,046 1,935
VAT 4,480 7,206
Other creditors 211 1,053
Directors' loan accounts 653 46,048
Accrued expenses 2,798 2,860
13,838 81,317

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 122 238

HARDMET ASSOCIATES LTD (REGISTERED NUMBER: 04821981)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 238
Credit to Statement of Income and Retained Earnings during year (116 )
Balance at 31 May 2024 122

I

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary A Euro Euro 1 57 57
75 Ordinary B Euro Euro 1 57 57
114 114

9. 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:

2024 2023
£    £   
Mrs L J Trickett
Balance outstanding at start of year - -
Amounts advanced 132,927 -
Amounts repaid (1,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 131,927 -

Interest has been charged on the director's loan at the official rate of 2.25%.