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Registered number: 13354814
Hardings Ready Mix Ltd.
Financial Statements
For The Year Ended 30 April 2025
Probitts & Co Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13354814
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 106,771 138,228
106,771 138,228
CURRENT ASSETS
Stocks 5 30,000 -
Debtors 6 11,342 31,198
Cash at bank and in hand 18,604 6,536
59,946 37,734
Creditors: Amounts Falling Due Within One Year 7 (171,391 ) (166,464 )
NET CURRENT ASSETS (LIABILITIES) (111,445 ) (128,730 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,674 ) 9,498
Creditors: Amounts Falling Due After More Than One Year 8 (3,601 ) (12,230 )
NET LIABILITIES (8,275 ) (2,732 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (8,375 ) (2,832 )
SHAREHOLDERS' FUNDS (8,275) (2,732)
Page 1
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For the year ending 30 April 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 directors acknowledge their 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 Stuart Farmer
Director
5th August 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
Hardings Ready Mix Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 13354814 . The registered office is 1a Carrera House, Merlin Court, Gatehouse Close, Aylesbury, HP19 8DP.
The compant changed its name from M C Concrete Ltd to Hardings Ready Mix Ltd on 3 January 2023.
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:
Plant & Machinery 20% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2024 224,268
Additions 291
Disposals (45,000 )
As at 30 April 2025 179,559
Depreciation
As at 1 May 2024 86,040
Provided during the period 27,652
Disposals (40,904 )
As at 30 April 2025 72,788
Net Book Value
As at 30 April 2025 106,771
As at 1 May 2024 138,228
5. Stocks
2025 2024
£ £
Stock 30,000 -
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 10,120 20,234
Prepayments and accrued income 1,222 1,784
Directors' loan accounts - 9,180
11,342 31,198
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,781 10,781
Trade creditors 111,832 83,116
Other taxes and social security 812 195
VAT 3,313 231
Other creditors 42,803 -
Accruals and deferred income 1,850 1,650
Amounts owed to associates - 70,491
171,391 166,464
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,601 12,230
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,781 10,781
Later than one year and not later than five years 3,601 12,230
14,382 23,011
14,382 23,011
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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