REGISTERED NUMBER: 03770921 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Ian Hardwick Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I C Hardwick

SECRETARY:

Ms S L Clarbour

REGISTERED OFFICE:

Jobs Croft

Butt Lane

Maplebeck

Nottinghamshire

NG22 0BQ

REGISTERED NUMBER:

03770921 (England and Wales)

ACCOUNTANTS:

Gopsall Services Limited

First Floor

7 Marina Court

Maple Drive

Hinckley

LE10 3BF

FIXED ASSETS

Tangible assets

4

326,343

242,602

Investment property

5

-

120,000

326,343

362,602

CURRENT ASSETS

Stocks

3,092,141

2,861,166

Debtors

6

91,359

103,873

Cash at bank

886,169

203,352

4,069,669

3,168,391

CREDITORS

Amounts falling due within one year

7

2,524,480

2,012,227

NET CURRENT ASSETS

1,545,189

1,156,164

TOTAL ASSETS LESS CURRENT LIABILITIES

1,871,532

1,518,766

CREDITORS

Amounts falling due after more than one year

8

(16,256

)

-

PROVISIONS FOR LIABILITIES

(61,421

)

(15,358

)

NET ASSETS

1,793,855

1,503,408

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,793,755

1,503,308

SHAREHOLDERS' FUNDS

1,793,855

1,503,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2025 and were signed by:

I C Hardwick - Director

1.	STATUTORY INFORMATION

Ian Hardwick 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

2% straight line

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 October 2023

110,000

86,567

274,581

Additions

-

175,528

173,750

Disposals

(110,000

)

(262,095

)

(198,581

)

At 30 September 2024

-

-

249,750

DEPRECIATION

At 1 October 2023

-

15,397

217,929

Charge for year

-

-

34,851

Eliminated on disposal

-

(15,397

)

(164,745

)

At 30 September 2024

-

-

88,035

NET BOOK VALUE

At 30 September 2024

-

-

161,715

At 30 September 2023

110,000

71,170

56,652

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2023

5,238

49,744

526,130

Additions

-

186,137

535,415

Disposals

(4,107

)

(49,743

)

(624,526

)

At 30 September 2024

1,131

186,138

437,019

DEPRECIATION

At 1 October 2023

5,035

45,167

283,528

Charge for year

38

21,622

56,511

Eliminated on disposal

(4,055

)

(45,166

)

(229,363

)

At 30 September 2024

1,018

21,623

110,676

NET BOOK VALUE

At 30 September 2024

113

164,515

326,343

At 30 September 2023

203

4,577

242,602

The net book value of tangible fixed assets includes £ 82,750 (2023 - £ 14,871 ) in respect of assets held under hire purchase contracts.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

120,000

Additions

195,000

Disposals

(315,000

)

At 30 September 2024

-

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

120,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Other debtors

88,707

100,785

Prepayments

2,652

3,088

91,359

103,873

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Hire purchase contracts

13,933

3,929

Trade creditors

197,946

177,520

Tax

139,214

189,953

Social security and other taxes

2,732

9,684

Other creditors

2,057,356

1,616,914

Accrued expenses

113,299

14,227

2,524,480

2,012,227

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Hire purchase contracts

16,256

-