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HARD HAT LOGISTICS LIMITED

Unaudited Financial Statements

for the Year Ended 30th September 2024






HARD HAT LOGISTICS LIMITED (REGISTERED NUMBER: 04283359)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARD HAT LOGISTICS LIMITED

Company Information
for the year ended 30th September 2024







DIRECTOR: R W G Ferguson





REGISTERED OFFICE: 1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH





REGISTERED NUMBER: 04283359 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

HARD HAT LOGISTICS LIMITED (REGISTERED NUMBER: 04283359)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 101,652 108,431

CURRENT ASSETS
Debtors 5 1,556,391 1,390,894
Cash at bank 324,735 385,378
1,881,126 1,776,272
CREDITORS
Amounts falling due within one year 6 877,068 1,019,451
NET CURRENT ASSETS 1,004,058 756,821
TOTAL ASSETS LESS CURRENT LIABILITIES 1,105,710 865,252

CREDITORS
Amounts falling due after more than one
year

7

(69,034

)

(116,395

)

PROVISIONS FOR LIABILITIES (20,159 ) (21,519 )
NET ASSETS 1,016,517 727,338

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 1,016,415 727,236
SHAREHOLDERS' FUNDS 1,016,517 727,338

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HARD HAT LOGISTICS LIMITED (REGISTERED NUMBER: 04283359)

Balance Sheet - continued
30th September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th May 2025 and were signed by:





R W G Ferguson - Director


HARD HAT LOGISTICS LIMITED (REGISTERED NUMBER: 04283359)

Notes to the Financial Statements
for the year ended 30th September 2024

1. STATUTORY INFORMATION

Hard Hat Logistics 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.

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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgments and estimates have been made include depreciation of fixed assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Debtors, creditors and directors loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid.

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

HARD HAT LOGISTICS LIMITED (REGISTERED NUMBER: 04283359)

Notes to the Financial Statements - continued
for the year ended 30th September 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st October 2023 320,581 28,105 157,647 132,007 638,340
Additions - - 23,750 1,590 25,340
At 30th September 2024 320,581 28,105 181,397 133,597 663,680
DEPRECIATION
At 1st October 2023 291,481 21,949 94,482 121,997 529,909
Charge for year 5,951 1,539 21,729 2,900 32,119
At 30th September 2024 297,432 23,488 116,211 124,897 562,028
NET BOOK VALUE
At 30th September 2024 23,149 4,617 65,186 8,700 101,652
At 30th September 2023 29,100 6,156 63,165 10,010 108,431

HARD HAT LOGISTICS LIMITED (REGISTERED NUMBER: 04283359)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st October 2023 112,047
Additions 22,750
At 30th September 2024 134,797
DEPRECIATION
At 1st October 2023 59,082
Charge for year 19,864
At 30th September 2024 78,946
NET BOOK VALUE
At 30th September 2024 55,851
At 30th September 2023 52,965

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 642,329 711,027
Other debtors 914,062 679,867
1,556,391 1,390,894

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 27,155 23,894
Trade creditors 345,195 239,050
Taxation and social security 284,907 277,544
Other creditors 219,811 478,963
877,068 1,019,451

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 35,701 43,062
Other creditors 33,333 73,333
69,034 116,395

HARD HAT LOGISTICS LIMITED (REGISTERED NUMBER: 04283359)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
R W G Ferguson
Balance outstanding at start of year 626,841 439,356
Amounts advanced 524,394 626,841
Amounts repaid (626,841 ) (439,356 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 524,394 626,841

The above loan is repayable on demand.

9. RELATED PARTY DISCLOSURES

Included in other creditors is the sum of £105,431 (2023 - £202,117) due to HighVis Logistics Limited, an associated company under the control of R W G Ferguson, a director of Hard Hat Logistics Limited.

Included in other debtors is the sum of £357,576 (2023 - creditors £151,696) due from Vis Systems Limited an associated company under the control of R W G Ferguson, a director of Hard Hat Logistics

Included in other debtors is the sum of £2,798 (2023 - £2,798) owed from Hard Hat Catering Limited, a company in which R W G Ferguson is also director and shareholder.

Included in other creditors is the sum of £29,326 (2023 - £43,495) owing to F Ferguson, son of R W G Ferguson, company director and shareholder.

During the year £150,000 was written off regarding loans owing to the company from Vis Systems Limited, a company in which R W G Ferguson is also directors and shareholder.