Registered number
01542199
J Hardy Builders & Plumbers Merchants Limited
Filleted Accounts
31 January 2025
J Hardy Builders & Plumbers Merchants Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Profit and loss account 3
Balance sheet 4
Notes to the accounts 5 to 8
J Hardy Builders & Plumbers Merchants Limited
Company Information at Report Date
Directors
J T Hardy
S J Hardy
M R Hardy
T D Hardy
Secretary
G K Potter
Accountants
N W Potter & Co
International Accountants
Station House
Station Road
Betchworth
Surrey
RH3 7BZ
G K Potter FAIA
Trading Address
Rear of 207/209 Gander Green Lane
Cheam
Surrey
SM1 2EZ
Registered office
Station House
Station Road
Betchworth
Surrey
RH3 7BZ
Registered number
01542199
J Hardy Builders & Plumbers Merchants Limited
Registered number: 01542199
Directors' Report
The directors present their report and accounts for the year ended 31 January 2025.
Principal activities
The company's principal activity during the year continued to be that of the supply of wholesale and retail motor vehicle spares and the provision of vehicle repair and maintenance services.
Directors
The following persons served as directors during the year:
J T Hardy
S J Hardy
M R Hardy
T D Hardy
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 20 June 2025 and signed on its behalf.
T D Hardy
Director
J Hardy Builders & Plumbers Merchants Limited
Registered number: 01542199
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 473,447 474,209
Current assets
Stocks 5,800 7,250
Debtors 4 78,275 6,649
Cash at bank and in hand 326,254 595,072
410,329 608,971
Creditors: amounts falling due within one year 5 (95,846) (224,260)
Net current assets 314,483 384,711
Net assets 787,930 858,920
Capital and reserves
Called up share capital 100 100
Profit and loss account 787,830 858,820
Shareholders' funds 787,930 858,920
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
T D Hardy
Director
Approved by the board on 20 June 2025
J Hardy Builders & Plumbers Merchants Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land & buildings None
Plant & machinery 20% reducing balance
Vehicles 25% reducing balance
Freehold land and buildings are shown at cost in the balance sheet as the Directors consider that due to the various ways that the land and buildings could be valued, it would be significantly misleading to include a single valuation in the Accounts. The Directors are confident, however, that the value of the land & buildings is greater than the cost.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Where applicable, loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Where applicable, loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 468,166 20,164 900 489,230
At 31 January 2025 468,166 20,164 900 489,230
Depreciation
At 1 February 2024 - 14,796 225 15,021
Charge for the year - 594 168 762
At 31 January 2025 - 15,390 393 15,783
Net book value
At 31 January 2025 468,166 4,774 507 473,447
At 31 January 2024 468,166 5,368 675 474,209
4 Debtors 2025 2024
£ £
Trade debtors 5,388 5,522
Other debtors 72,887 1,127
78,275 6,649
Included in Other Debtors is -
* A £50,000 short term loan to T D Hardy (A Director)
* An anticipated Corporation Tax Refund of £22,329
* Sundry Debtors & Prepayments of £558
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 10,743 9,155
Taxation and social security costs 3,243 136,153
Other creditors 81,860 78,952
95,846 224,260
Included in Other creditors is an amount of £69,480 which represents the balance of monies loaned to the company by J T Hardy (a director & shareholder). (2024) : £70,075).

There are no formal arrangements to repay the loan and there is no obligation for the company to pay interest to Mr Hardy.
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
T D Hardy
Short Term Loan - 50,000 - 50,000
- 50,000 - 50,000
7 Other information
J Hardy Builders & Plumbers Merchants Limited is a private company limited by shares and incorporated in England. Its registered office is:
Station House
Station Road
Betchworth
Surrey
RH3 7BZ
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