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Registered number: 12678451
Scott Hardy Ltd
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12678451
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 85,852 55,062
85,852 55,062
CURRENT ASSETS
Stocks 5 3,068,498 2,652,651
Debtors 6 943,685 188,019
Cash at bank and in hand 444,372 601,004
4,456,555 3,441,674
Creditors: Amounts Falling Due Within One Year 7 (3,725,443 ) (2,741,116 )
NET CURRENT ASSETS (LIABILITIES) 731,112 700,558
TOTAL ASSETS LESS CURRENT LIABILITIES 816,964 755,620
Creditors: Amounts Falling Due After More Than One Year 8 (35,425 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (21,463 ) (13,766 )
NET ASSETS 760,076 741,854
CAPITAL AND RESERVES
Called up share capital 12 1 1
Profit and Loss Account 760,075 741,853
SHAREHOLDERS' FUNDS 760,076 741,854
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S Behrens
Director
27/05/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Scott Hardy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12678451 . The registered office is 4A Mottram Way, Macclesfield, SK10 2DH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% - Reducing Balance Method
Motor Vehicles 25% - Reducing Balance Method
Fixtures & Fittings 25% - Reducing Balance Method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value. Cost includes all direct costs.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 69,406 2,622 72,028
Additions 51,550 - 51,550
As at 30 June 2024 120,956 2,622 123,578
Depreciation
As at 1 July 2023 16,075 891 16,966
Provided during the period 20,327 433 20,760
As at 30 June 2024 36,402 1,324 37,726
Net Book Value
As at 30 June 2024 84,554 1,298 85,852
As at 1 July 2023 53,331 1,731 55,062
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 44,555 -
5. Stocks
2024 2023
£ £
Stock - SIV costs 31,517 24,855
Stock - Vehicles 3,036,981 2,627,796
3,068,498 2,652,651
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Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 209,901 31,931
Prepayments and accrued income 9,258 22,232
Other debtors 724,526 119,863
VAT - 13,993
943,685 188,019
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,769 -
Trade creditors 2,355,833 1,083,574
Corporation tax 545 3,504
VAT 5,568 -
Other creditors 627,363 902,814
Accruals and deferred income 4,132 1,538
Director's loan account 722,233 749,686
3,725,443 2,741,116
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,425 -
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 45,193 -
Other Creditors 555,220 815,830
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,769 -
Later than one year and not later than five years 35,425 -
45,194 -
45,194 -
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11. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 21,463 13,766
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
13. Pension Commitments
The company operates a defined contribution pension scheme, the assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,650 (2023 - £597) were due to the fund. They are included in Other Creditors.
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