Company Registration No. 2357749 (England and Wales)
Hardings Transport Limited
Unaudited accounts
for the year ended 31 March 2025
Hardings Transport Limited
Unaudited accounts
Contents
Hardings Transport Limited
Company Information
for the year ended 31 March 2025
Secretary
Sharon Anne Harding
Company Number
2357749 (England and Wales)
Registered Office
Canister Farm, Reg's Way
Bardon 22 Industrial Estate
Coalville
Leicestershire
LE67 1FL
UK
Accountants
Witherington & Co Ltd
55a London Road
Leicester
LE2 0PE
Hardings Transport Limited
Statement of financial position
as at 31 March 2025
Tangible assets
4,917,852
4,901,274
Cash at bank and in hand
465,462
374,904
Creditors: amounts falling due within one year
(1,174,722)
(1,005,289)
Net current (liabilities)/assets
(124,619)
23,235
Total assets less current liabilities
4,830,715
4,952,042
Creditors: amounts falling due after more than one year
(579,616)
(923,510)
Provisions for liabilities
Deferred tax
(194,467)
(184,901)
Net assets
4,056,632
3,843,631
Called up share capital
100
100
Profit and loss account
4,056,532
3,843,531
Shareholders' funds
4,056,632
3,843,631
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 July 2025 and were signed on its behalf by
Ian Ty Harding
Director
Company Registration No. 2357749
Hardings Transport Limited
Notes to the Accounts
for the year ended 31 March 2025
Hardings Transport Limited is a private company, limited by shares, registered in England and Wales, registration number 2357749. The registered office is Canister Farm, Reg's Way, Bardon 22 Industrial Estate, Coalville, Leicestershire, LE67 1FL, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on reducing balance
Investments in shares are included at fair value.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Hardings Transport Limited
Notes to the Accounts
for the year ended 31 March 2025
The company operates a defined contribution scheme for the beenefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
4,125,308
192,797
1,803,845
675,550
6,194
6,803,694
Additions
-
-
226,882
2,250
899
230,031
Disposals
-
(28,150)
(95,000)
-
-
(123,150)
At 31 March 2025
4,125,308
164,647
1,935,727
677,800
7,093
6,910,575
At 1 April 2024
-
152,530
1,144,470
600,595
4,825
1,902,420
Charge for the year
-
9,384
163,729
18,833
733
192,679
On disposals
-
(25,417)
(76,959)
-
-
(102,376)
At 31 March 2025
-
136,497
1,231,240
619,428
5,558
1,992,723
At 31 March 2025
4,125,308
28,150
704,487
58,372
1,535
4,917,852
At 31 March 2024
4,125,308
40,267
659,375
74,955
1,369
4,901,274
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Investments
Other investments
Valuation at 1 April 2024
27,533
Fair value adjustments
9,949
Valuation at 31 March 2025
37,482
Amounts falling due within one year
Trade debtors
551,973
624,019
Accrued income and prepayments
12,668
8,901
Other debtors
20,000
20,700
Hardings Transport Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
274,648
249,200
Obligations under finance leases and hire purchase contracts
163,235
80,000
Trade creditors
139,709
178,549
Taxes and social security
253,466
252,395
Proposed dividends
130,000
100,000
Other creditors
90,107
79,439
Deferred income
114,350
56,250
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Creditors: amounts falling due after more than one year
2025
2024
Bank loans
476,747
876,843
Obligations under finance leases and hire purchase contracts
102,869
46,667
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 41 (2024: 41).