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Registered number: 03878367
Hardy Signs Ltd
Unaudited Financial Statements
For the Period 1 April 2024 to 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03878367
31 December 2024 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 187,144 220,776
187,144 220,776
CURRENT ASSETS
Stocks 5 16,047 15,283
Debtors 6 554,078 527,958
Cash at bank and in hand 493,053 385,444
1,063,178 928,685
Creditors: Amounts Falling Due Within One Year 7 (337,010 ) (333,847 )
NET CURRENT ASSETS (LIABILITIES) 726,168 594,838
TOTAL ASSETS LESS CURRENT LIABILITIES 913,312 815,614
Creditors: Amounts Falling Due After More Than One Year 8 (62,500 ) (100,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (50,374 ) (50,374 )
NET ASSETS 800,438 665,240
CAPITAL AND RESERVES
Called up share capital 10 429 353
Profit and Loss Account 800,009 664,887
SHAREHOLDERS' FUNDS 800,438 665,240
Page 1
Page 2
For the period ending 31 December 2024 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 N Hardy
Director
19/09/2025
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
Hardy Signs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03878367 . The registered office is Unit 11 Hardy Place, The Malsters Wetmore Road, Burton on Trent, Staffordshire, DE14 1LS.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold
Leasehold 2% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2024: 33)
30 33
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 25,794 676,177 232,138 125,250
Additions - - - -
Disposals - - (26,202 ) -
As at 31 December 2024 25,794 676,177 205,936 125,250
Depreciation
As at 1 April 2024 5,288 572,157 164,966 114,793
Provided during the period 387 19,504 12,394 1,961
Disposals - - (23,153 ) -
As at 31 December 2024 5,675 591,661 154,207 116,754
Net Book Value
As at 31 December 2024 20,119 84,516 51,729 8,496
As at 1 April 2024 20,506 104,020 67,172 10,457
Computer Equipment Total
£ £
Cost
As at 1 April 2024 35,301 1,094,660
Additions 7,632 7,632
Disposals - (26,202 )
As at 31 December 2024 42,933 1,076,090
Depreciation
As at 1 April 2024 16,680 873,884
Provided during the period 3,969 38,215
Disposals - (23,153 )
As at 31 December 2024 20,649 888,946
Net Book Value
As at 31 December 2024 22,284 187,144
As at 1 April 2024 18,621 220,776
5. Stocks
31 December 2024 31 March 2024
£ £
Materials 16,047 15,283
Page 4
Page 5
6. Debtors
31 December 2024 31 March 2024
£ £
Due within one year
Trade debtors 308,871 310,032
Prepayments and accrued income 6,332 14,426
Other debtors 375 -
Amounts owed by group undertakings 238,500 203,500
554,078 527,958
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 March 2024
£ £
Trade creditors 76,373 48,292
Bank loans and overdrafts 50,721 50,791
Corporation tax 102,547 130,264
Other taxes and social security 18,270 19,302
VAT 76,849 78,809
Other creditors - 3,691
Accruals and deferred income 12,250 2,698
337,010 333,847
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 March 2024
£ £
Bank loans 62,500 100,000
9. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
31 December 2024 31 March 2024
£ £
Other timing differences 50,374 50,374
10. Share Capital
31 December 2024 31 March 2024
£ £
Allotted, Called up and fully paid 429 353
11. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is Hardy Holdings (Burton Upon Trent) Limited . Hardy Holdings (Burton Upon Trent) Limited was incorporated in England & Wales.
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