REGISTERED NUMBER: 03957553 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

Hardy & Hewett Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N Hardy

M S Hewett

SECRETARY:

M S Hewett

REGISTERED OFFICE:

The Annex

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

REGISTERED NUMBER:

03957553 (England and Wales)

AUDITORS:

Benedict Ford Thorne

Chartered Certified Accountants

Statutory Auditors

The Annex

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

FIXED ASSETS

Tangible assets

4

12,639

18,718

CURRENT ASSETS

Debtors

5

1,131,865

1,272,207

Cash at bank

1,403,718

1,143,839

2,535,583

2,416,046

CREDITORS

Amounts falling due within one year

6

1,026,590

891,124

NET CURRENT ASSETS

1,508,993

1,524,922

TOTAL ASSETS LESS CURRENT LIABILITIES

1,521,632

1,543,640

PROVISIONS FOR LIABILITIES

7

3,027

4,517

NET ASSETS

1,518,605

1,539,123

CAPITAL AND RESERVES

Called up share capital

40,000

40,000

Retained earnings

8

1,478,605

1,499,123

SHAREHOLDERS' FUNDS

1,518,605

1,539,123

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 Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

N Hardy - Director

M S Hewett - Director

1.	STATUTORY INFORMATION

Hardy & Hewett 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.

Turnover

Turnover represents net invoiced sales excluding value added tax. Turnover comprises ticket sales issued for travel facilities undertaken by the company during the year and commission income earned in respect of other travel facilities arranged under licence on behalf of the company's franchisor.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

10% on cost

Office & Computer equip

-

between 20 % and 33.33 % on cost

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.

Hire purchase and leasing commitments

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.

Going concern

The financial statements have been prepared on a going concern basis.

In making their assessment, the Directors have reviewed and considered relevant information, including the level of reserves, the continued support from its bankers, its annual budget and future cash flows. In particular, in response to the COVID-19 pandemic, the Directors have tested their cash flow analysis to take into account the impact on their business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate its impact and to continue the future activities of the Company on a long term profitable basis.

Based on these assessments and subsequent continued improvement to trade following the lessening of the impact of Covid-19 and the current resources available, the Directors concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

The financial statements do not include any adjustments to the value of the balance sheet which would result from the going concern basis not being valid.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Office &

to

and

Computer

property

fittings

equip

Totals

£

£

£

£

COST

At 1 May 2024

and 30 April 2025

66,455

59,573

95,715

221,743

DEPRECIATION

At 1 May 2024

57,323

59,573

86,129

203,025

Charge for year

4,215

-

1,864

6,079

At 30 April 2025

61,538

59,573

87,993

209,104

NET BOOK VALUE

At 30 April 2025

4,917

-

7,722

12,639

At 30 April 2024

9,132

-

9,586

18,718

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Trade debtors

1,091,993

1,247,665

VAT

7,826

6,145

Prepayments and accrued income

11,680

13,204

Prepayments

20,366

5,193

1,131,865

1,272,207

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Bank loans and overdrafts

4,731

354

Trade creditors

60,223

85,557

Tax

43,219

45,579

Social security and other taxes

7,302

6,719

Dolphin Creditors

894,077

746,147

Credit card balances

(502

)

(97

)

Directors' current accounts

3,193

3,193

Accruals and deferred income

12,252

-

Accrued expenses

2,095

3,672

1,026,590

891,124

7.	PROVISIONS FOR LIABILITIES

30/4/25

30/4/24

£

£

Deferred tax

3,027

4,517

Deferred

tax

£

Balance at 1 May 2024

4,517

Credit to Income Statement during year

(1,490

)

Credit to Income Statement

Balance at 30 April 2025

3,027

8.

RESERVES

Retained

earnings

£

At 1 May 2024

1,499,123

Profit for the year

129,482

Dividends

(150,000

)

At 30 April 2025

1,478,605

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Thorne FCCA (Senior Statutory Auditor)

for and on behalf of Benedict Ford Thorne

10.	ULTIMATE CONTROLLING PARTY

There is no one party who may be considered the ultimate controlling party.

11.

BSP

OUTSTANDING CASH SALES

At 30th April 2025 the BSP Outstanding Cash Sales were £167,695. ( 2024 £187,008 )