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COMPANY REGISTRATION NUMBER: 04568934
Hardcase International Limited
Filleted Unaudited Abridged Financial Statements
31 December 2024
Hardcase International Limited
Abridged Financial Statements
Year Ended 31 December 2024
Contents
Page
Abridged statement of financial position
1
Notes to the abridged financial statements
3
Hardcase International Limited
Abridged Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed Assets
Intangible assets
5
3,478
3,987
Tangible assets
6
73,472
79,238
--------
--------
76,950
83,225
Current Assets
Stocks
197,955
171,795
Debtors
370,996
361,410
Cash at bank and in hand
6,674
7,741
---------
---------
575,625
540,946
Creditors: amounts falling due within one year
312,100
280,627
---------
---------
Net Current Assets
263,525
260,319
---------
---------
Total Assets Less Current Liabilities
340,475
343,544
Creditors: amounts falling due after more than one year
180,192
250,396
Provisions
12,574
10,732
---------
---------
Net Assets
147,709
82,416
---------
---------
Capital and Reserves
Called up share capital
8
100
100
Profit and loss account
147,609
82,316
---------
--------
Shareholders Funds
147,709
82,416
---------
--------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
Hardcase International Limited
Abridged Statement of Financial Position (continued)
31 December 2024
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 17 April 2025 , and are signed on behalf of the board by:
Mr D Eyre
Director
Company registration number: 04568934
Hardcase International Limited
Notes to the Abridged Financial Statements
Year Ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the company's place of business and registered office is Broombank Road, Chesterfield Industrial Estate, Sheepbridge, Chesterfield, S41 9QJ.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis . The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents amounts earned during the year, exclusive of Value Added Tax.
Income tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date . Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website costs
-
straight line over 10 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
10% reducing balance
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
25% reducing balance
Equipment
-
20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 16 (2023: 16 ).
5. Intangible assets
£
Cost
At 1 January 2024 and 31 December 2024
5,090
-------
Amortisation
At 1 January 2024
1,103
Charge for the year
509
-------
At 31 December 2024
1,612
-------
Carrying amount
At 31 December 2024
3,478
-------
At 31 December 2023
3,987
-------
6. Tangible assets
£
Cost
At 1 January 2024
466,533
Additions
7,228
---------
At 31 December 2024
473,761
---------
Depreciation
At 1 January 2024
387,295
Charge for the year
12,994
---------
At 31 December 2024
400,289
---------
Carrying amount
At 31 December 2024
73,472
---------
At 31 December 2023
79,238
---------
7. Secured liabilities
The bank holds, as continuing security, a fixed and floating charge over the company's assets.
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
360
360
Later than 1 year and not later than 5 years
360
----
----
360
720
----
----
10. Related party transactions
During the year the company received loans from related parties. The balances outstanding due to related parties as at 31 December 2024 are as follows:
2024 2023
£ £
Amounts owed from group undertakings 268,075 267,875
11. Controlling party
The ultimate parent company is Hardcase DAT Limited, a company incorporated in England and Wales.