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Registered number: 04003266
Hardy Sherwood (Special Projects) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Alan Stanton & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04003266
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 86,467 112,725
86,467 112,725
CURRENT ASSETS
Debtors 5 690,314 677,277
Cash at bank and in hand 1,775,098 894,819
2,465,412 1,572,096
Creditors: Amounts Falling Due Within One Year 6 (1,353,584 ) (726,823 )
NET CURRENT ASSETS (LIABILITIES) 1,111,828 845,273
TOTAL ASSETS LESS CURRENT LIABILITIES 1,198,295 957,998
Creditors: Amounts Falling Due After More Than One Year 7 - (43,676 )
NET ASSETS 1,198,295 914,322
CAPITAL AND RESERVES
Called up share capital 8 225 225
Share premium account (473,225 ) (473,225 )
Profit and Loss Account 1,671,295 1,387,322
SHAREHOLDERS' FUNDS 1,198,295 914,322
Page 1
Page 2
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 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 Julian Dear
Director
19/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hardy Sherwood (Special Projects) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04003266 . The registered office is Fleet House,, Manor Trading Estate, Benfleet, SS7 4FH.
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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Motor Vehicles 25% straight line
Fixtures & Fittings 25% striaght line
Bicycles 25%staright line
2.4. 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 year 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 asset reflects 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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 10)
9 10
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Bicycles Total
£ £ £ £
Cost
As at 1 April 2024 193,082 76,983 6,125 276,190
Additions 27,864 12,923 - 40,787
Disposals (75,285 ) - - (75,285 )
As at 31 March 2025 145,661 89,906 6,125 241,692
Depreciation
As at 1 April 2024 99,083 62,851 1,531 163,465
Provided during the period 32,753 8,623 1,531 42,907
Disposals (51,147 ) - - (51,147 )
As at 31 March 2025 80,689 71,474 3,062 155,225
Net Book Value
As at 31 March 2025 64,972 18,432 3,063 86,467
As at 1 April 2024 93,999 14,132 4,594 112,725
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 631,556 612,766
Other debtors 10,000 10,000
VAT 43,958 49,711
Director's loan account 4,800 4,800
690,314 677,277
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,012,560 498,920
Bank loans and overdrafts 36,472 44,122
Corporation tax 130,880 90,164
Other taxes and social security 31,071 17,104
Other creditors 142,601 76,513
1,353,584 726,823
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 43,676
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Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 225 225
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors: The above loan is unsecured, interest free and repayable on demand.
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Julian Dear 4,800 - - - -
The above loan is unsecured, interest free and repayable on demand.
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