REGISTERED NUMBER: 01199173 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

FOR

HARDY ROOFING LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

5

1,228,959

1,197,963

Investment property

6

255,000

255,000

1,483,959

1,452,963

CURRENT ASSETS

Stocks

48,000

35,000

Debtors

7

1,327,205

878,135

Cash at bank and in hand

622,270

962,909

1,997,475

1,876,044

CREDITORS

Amounts falling due within one year

8

1,011,795

1,134,378

NET CURRENT ASSETS

985,680

741,666

TOTAL ASSETS LESS CURRENT LIABILITIES

2,469,639

2,194,629

CREDITORS

Amounts falling due after more than one year

9

(1,562

)

(11,757

)

PROVISIONS FOR LIABILITIES

11

(177,212

)

(172,383

)

NET ASSETS

2,290,865

2,010,489

CAPITAL AND RESERVES

Called up share capital

12

100

100

Non distributable reserves

13

528,896

514,302

Retained earnings

1,761,869

1,496,087

SHAREHOLDERS' FUNDS

2,290,865

2,010,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 3 November 2025 and were signed on its behalf by:

Mr D J Hardy - Director

1.	STATUTORY INFORMATION

Hardy Roofing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01199173

Registered office:

Pattenden Lane

Marden

Tonbridge

Kent

TN12 9QJ

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced in the year for goods and services supplied, exclusive of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost less residual value

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 1 April 2024

1,167,500

163,835

35,159

Additions

-

315

1,789

Disposals

-

-

-

At 31 March 2025

1,167,500

164,150

36,948

DEPRECIATION

At 1 April 2024

-

152,206

31,619

Charge for year

-

2,943

1,332

Eliminated on disposal

-

-

-

At 31 March 2025

-

155,149

32,951

NET BOOK VALUE

At 31 March 2025

1,167,500

9,001

3,997

At 31 March 2024

1,167,500

11,629

3,540

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

162,412

22,567

1,551,473

Additions

48,750

2,002

52,856

Disposals

(26,544

)

-

(26,544

)

At 31 March 2025

184,618

24,569

1,577,785

DEPRECIATION

At 1 April 2024

149,857

19,828

353,510

Charge for year

14,968

1,184

20,427

Eliminated on disposal

(25,111

)

-

(25,111

)

At 31 March 2025

139,714

21,012

348,826

NET BOOK VALUE

At 31 March 2025

44,904

3,557

1,228,959

At 31 March 2024

12,555

2,739

1,197,963

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Valuation in 2015

128,131

-

-

Valuation in 2022

316,533

-

-

Valuation in 2024

167,500

-

-

Cost

555,336

164,150

36,948

1,167,500

164,150

36,948

Motor

Computer

vehicles

equipment

Totals

£

£

£

Valuation in 2015

-

-

128,131

Valuation in 2022

-

-

316,533

Valuation in 2024

-

-

167,500

Cost

184,618

24,569

965,621

184,618

24,569

1,577,785

The freehold property was valued by the director, Mr D J Hardy on 31 March 2025 at open market value.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

255,000

NET BOOK VALUE

At 31 March 2025

255,000

At 31 March 2024

255,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

51,904

Valuation in 2024

5,000

Cost

198,096

255,000

The investment property was valued by the director, Mr D J Hardy on 31 March 2025 at open market value.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

654,476

565,887

Directors' current accounts

569,286

264,455

Tax

87,588

46,581

Prepayments and accrued income

15,855

1,212

1,327,205

878,135

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,648

10,648

Trade creditors

763,224

913,246

Corporation tax

129,592

132,590

PAYE and social security

7,884

6,899

VAT

84,864

62,223

Other creditors

5,671

2,822

Accruals and deferred income

9,912

5,950

1,011,795

1,134,378

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

1,562

11,757

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

12,210

22,405

Norwich & Peterborough Building Society hold two floating and fixed charges over the assets of the company.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

15,364

7,616

Property revaluation gains

161,848

164,767

177,212

172,383

Deferred

tax

£

Balance at 1 April 2024

172,383

Provided during year

4,829

Balance at 31 March 2025

177,212

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Non

distributabl

reserves

£

At 1 April 2024

514,302

Revaluation of properties

14,594

At 31 March 2025

528,896

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts due from the directors at the balance sheet date total £569,286 (2024: £264,455). Amounts due are unsecured and repayable on demand. Interest has been charged using HM Revenue and Customs' beneficial loan rate.