Company registration number 07016161 (England and Wales)
HARDY ENGINEERING TRANSMISSIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
HARDY ENGINEERING TRANSMISSIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HARDY ENGINEERING TRANSMISSIONS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
58,645
63,075
Debtors
4
25,758
22,897
Cash at bank and in hand
142,117
117,600
226,520
203,572
Creditors: amounts falling due within one year
5
(52,626)
(41,655)
Net current assets
173,894
161,917
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
6
173,694
161,717
Total equity
173,894
161,917

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 September 2025 and are signed on its behalf by:
Mrs M G McDonough
Mr N D Hardy
Director
Director
Mr W M McDonough
Director
Company registration number 07016161 (England and Wales)
HARDY ENGINEERING TRANSMISSIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Hardy Engineering Transmissions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Nightingale House, 46-48 East Street, Epsom, Surrey, KT17 1HQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

HARDY ENGINEERING TRANSMISSIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
10,952
Depreciation and impairment
At 1 April 2024 and 31 March 2025
10,952
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
25,758
22,897
HARDY ENGINEERING TRANSMISSIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
13,760
12,921
Corporation tax
23,420
12,516
Other taxation and social security
5,573
6,545
Other creditors
9,873
9,673
52,626
41,655
6
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
161,717
162,169
Adjusted balance
161,717
162,169
Profit for the year
79,225
60,460
Dividends declared and paid in the year
(67,248)
(60,912)
At the end of the year
173,694
161,717
2025-03-31 2024-04-01 false false false 17 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mrs J H M Hardy Mrs D A Hardy Mrs M G McDonough Mr N D Hardy Mr W M McDonough 07016161 2024-04-01 2025-03-31 07016161 2025-03-31 07016161 2024-03-31 07016161 core:ShareCapital 2025-03-31 07016161 core:ShareCapital 2024-03-31 07016161 core:RetainedEarningsAccumulatedLosses 2025-03-31 07016161 core:RetainedEarningsAccumulatedLosses 2024-03-31 07016161 core:RetainedEarningsAccumulatedLosses 2024-03-31 07016161 core:RetainedEarningsAccumulatedLosses 2023-03-31 07016161 bus:Director3 2024-04-01 2025-03-31 07016161 bus:Director4 2024-04-01 2025-03-31 07016161 bus:Director5 2024-04-01 2025-03-31 07016161 core:PlantMachinery 2024-04-01 2025-03-31 07016161 2023-04-01 2024-03-31 07016161 core:OtherPropertyPlantEquipment 2024-03-31 07016161 core:OtherPropertyPlantEquipment 2025-03-31 07016161 core:OtherPropertyPlantEquipment 2024-03-31 07016161 core:CurrentFinancialInstruments 2025-03-31 07016161 core:CurrentFinancialInstruments 2024-03-31 07016161 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07016161 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07016161 bus:FRS102 2024-04-01 2025-03-31 07016161 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07016161 bus:Director1 2024-04-01 2025-03-31 07016161 bus:Director2 2024-04-01 2025-03-31 07016161 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP