Registration number: 03618863

A Hardwick Haulage Limited

Contents

Strategic Report	1 to 2
Directors' Report	3
Statement of Directors' Responsibilities	4
Independent Auditor's Report	5 to 8
Profit and Loss Account	9
Balance Sheet	10
Statement of Changes in Equity	11
Statement of Cash Flows	12
Notes to the Financial Statements	13 to 24

A Hardwick Haulage Limited

Strategic Report for the Year Ended 31 December 2024

The directors present their strategic report for the year ended 31 December 2024.

Principal activity

The principal activity of the company is is that of a haulage contractor. This remains unchanged since last year.

Fair review of the business

The company operates as a haulage contractor throughout the UK, specialising in the movement of bulk powders.

Turnover has increased by 18% in the year ended 31 December 2024.

At the end of the respective periods, 49 vehicles were operated at 31 December 2024 compared to 40 vehicles in the previous period, to facilitate the additional sales seen.

Ensuring we run a modern, well maintained fleet means we are well placed to take advantage of opportunities as they arise. We have benefitted from the reduction in fuel prices in the year, which has helped boost both gross profit and operating profit margin.

Company performance remains in line with expectations and we are pleased with the company's resilience and remain confident about longer term prospects.

The company's key financial and other performance indicators during the year were as follows:

Financial KPIs	Unit	2024	2023
Turnover growth	%	18	9
Gross profit margin	%	16	13
Operating profit margin	%	11	8

A Hardwick Haulage Limited

Strategic Report for the Year Ended 31 December 2024

Principal risks and uncertainties

Risk and uncertainties are part of any business's day to day operations. The company's fortunes are linked to both the construction sector and the steel manufacturing sector. Growth has remained strong, in spite of the challenging economic picture seen in the last 18 months. The successful management of risk is essential to enable the company to deliver its strategic objectives.

The company’s principal risks and uncertainties are noted below. Controlling these risks is critical to the ongoing success of the business. As such, their management is primarily the responsibility of the directors.

Financial risks:
The Company’s operations expose it to a variety of financial risks, principally credit risk and liquidity risk.
The effects of credit risks are controlled by the adoption of policies that require appropriate credit checking and monitoring of the key customer and new accounts.

Liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of intercompany loans for new assets and ensuring that sufficient funds are available to meet amounts due. There are sufficient cash reserves for ongoing trade.
We have weathered the inflationary storm well, although this has been supplanted with an uncertain economic outlook. We, as management, are managing this risk by keeping abreast of the latest developments and adapting to the latest market conditions.

Competitors in the Market:
The risk of competitors is managed by continually ensuring that the pricing remains competitive and the quality of the service provided is of the highest standard through strict quality control procedures and staff training.

Fuel prices:
Strict buying control processes ensure the impact of fuel prices is minimised.

Operational risk:
Operational risk is managed by ensuring an adequate supply of vehicles and trailers are always available and that the fleet is well maintained. The company also have comprehensive health and safety policies.

Approved and authorised by the Board on 25 September 2025 and signed on its behalf by:
 

Mr A D Hardwick Director

A Hardwick Haulage Limited

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr A D Hardwick

Ms W M Day

Mr P E Day

Mrs S C Hardwick

Ms L A Day

Mr R D Hardwick

Financial instruments

Objectives and policies

The directors take the management of risk very seriously and as such has appropriate policies and procedures in place. Managing risk is seen as a key attribute of the company and strict health and safety policies are in place as well as detailed working procedures that minimise risk.

Price risk, credit risk, liquidity risk and cash flow risk

The business’ principal financial instruments comprise of bank balances, trade debtors, trade creditors and hire purchase agreements. The main purpose of these instruments is to finance the business’ operations.

In respect of bank balances, the liquidity risk is managed by maintaining sufficient cash reserves with flexibility provided through the availability of an overdraft facility.

Trade debtors are managed in respect of credit and cash flow risk by the regular monitoring of amounts outstanding for both time and credit limits.

Trade creditors’ liquidity risk is managed by ensuring there are sufficient funds available to meet amounts due.

Credit risk associated with hire purchase agreements is mitigated through ensuring sufficient bank balances are available to cover repayments as they fall due

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Approved by the Board on 25 September 2025 and signed on its behalf by:

Mr A D Hardwick
Director

A Hardwick Haulage Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

A Hardwick Haulage Limited

Independent Auditor's Report to the Members of A Hardwick Haulage Limited

Opinion

We have audited the financial statements of A Hardwick Haulage Limited (the 'company') for the year ended 31 December 2024, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
•	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

A Hardwick Haulage Limited

Independent Auditor's Report to the Members of A Hardwick Haulage Limited

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•	the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

•	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
•	the financial statements are not in agreement with the accounting records and returns; or
•	certain disclosures of directors' remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 4], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud
and non-compliance with laws and regulations, we considered the following:

A Hardwick Haulage Limited

Independent Auditor's Report to the Members of A Hardwick Haulage Limited

•	the nature of the industry and sector, control environment and business performance including the design of remuneration policies;
•	the company’s own assessment of the risks that irregularities may occur either as a result of fraud or error;
•	results of our enquiries of management about their own identification and assessment of the risks of irregularities;
•	the key laws and regulations under which the business operates and whether management were aware of any instances of non-compliance;
•	whether the management have knowledge of any actual, suspected or alleged fraud;
•	the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
•	the matters discussed among the audit engagement team, regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
	As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:
•	revenue recognition,
•	purchase ledger transactions
•	the theft of small tools, equipment and fuel,
•	transactions surrounding the processing of payroll and
•	management override of controls.
	In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, Tax legislation, and Regulations established by regulators in the key markets in which the company operates.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

A Hardwick Haulage Limited

Independent Auditor's Report to the Members of A Hardwick Haulage Limited

Robert Smith (Senior Statutory Auditor)
For and on behalf of RNS Chartered Accountants, Statutory Auditor
 50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

25 September 2025

A Hardwick Haulage Limited

Profit and Loss Account for the Year Ended 31 December 2024

	Note	2024 £	2023 £
Turnover	3	8,922,054	7,541,404
Cost of sales		(7,531,437)	(6,546,601)
Gross profit		1,390,617	994,803
Administrative expenses		(403,733)	(377,642)
Other operating income		4,729	-
Operating profit	4	991,613	617,161
Other interest receivable and similar income	5	24	524
Interest payable and similar expenses	6	(115,508)	(68,440)
		(115,484)	(67,916)
Profit before tax		876,129	549,245
Tax on profit	10	(219,658)	(138,148)
Profit for the financial year		656,471	411,097

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

A Hardwick Haulage Limited

(Registration number: 03618863)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	11	4,214,458	3,526,577
Current assets
Stocks	12	9,600	11,408
Debtors	13	1,812,480	1,626,180
Cash at bank and in hand	14	492,724	640,847
		2,314,804	2,278,435
Creditors: Amounts falling due within one year	15	(3,131,844)	(2,984,700)
Net current liabilities		(817,040)	(706,265)
Total assets less current liabilities		3,397,418	2,820,312
Creditors: Amounts falling due after more than one year	15	(26,824)	(185,847)
Provisions for liabilities	16	(807,468)	(587,810)
Net assets		2,563,126	2,046,655
Capital and reserves
Called up share capital	18	100	100
Retained earnings		2,563,026	2,046,555
Shareholders' funds		2,563,126	2,046,655

Approved and authorised by the Board on 25 September 2025 and signed on its behalf by:
 

Mr A D Hardwick Director

A Hardwick Haulage Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

	Share capital £	Retained earnings £	Total £
At 1 January 2024	100	2,046,555	2,046,655
Profit for the year	-	656,471	656,471
Dividends	-	(140,000)	(140,000)
At 31 December 2024	100	2,563,026	2,563,126