REGISTERED NUMBER: 07286046 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Hackworthy And Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms V Hackworthy

Mrs R Hackworthy

Mr K Hackworthy

Mr R Hackworthy

REGISTERED OFFICE:

The Depository

Elliott Road

Prince Rock

Plymouth

Devon

PL4 0SB

REGISTERED NUMBER:

07286046 (England and Wales)

ACCOUNTANTS:

TC Bromhead Limited

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

FIXED ASSETS

Tangible assets

4

200,475

259,803

CURRENT ASSETS

Stocks

10,194

9,897

Debtors

5

246,361

284,743

Cash at bank and in hand

3,323

1,419

259,878

296,059

CREDITORS

Amounts falling due within one year

6

324,263

358,686

NET CURRENT LIABILITIES

(64,385

)

(62,627

)

TOTAL ASSETS LESS CURRENT LIABILITIES

136,090

197,176

CREDITORS

Amounts falling due after more than one year

7

(14,698

)

(59,036

)

PROVISIONS FOR LIABILITIES

(50,119

)

(64,951

)

NET ASSETS

71,273

73,189

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

71,073

72,989

71,273

73,189

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

Ms V Hackworthy - Director

1.	STATUTORY INFORMATION

Hackworthy And Sons 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.

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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax,returns,rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Tangible fixed assets

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

Plant and machinery - 15% reducing balance

Motor vehicles - 25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 36 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

989,011

Additions

1,180

Disposals

(90,950

)

At 31 March 2025

899,241

DEPRECIATION

At 1 April 2024

729,208

Charge for year

54,907

Eliminated on disposal

(85,349

)

At 31 March 2025

698,766

NET BOOK VALUE

At 31 March 2025

200,475

At 31 March 2024

259,803

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

98,025

Transfer to ownership

(78,750

)

At 31 March 2025

19,275

DEPRECIATION

At 1 April 2024

43,255

Charge for year

12,031

Transfer to ownership

(50,142

)

At 31 March 2025

5,144

NET BOOK VALUE

At 31 March 2025

14,131

At 31 March 2024

54,770

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

186,597

190,620

Other debtors

59,764

94,123

246,361

284,743

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

105,942

107,838

Hire purchase contracts (see note 8)

4,337

17,604

Trade creditors

48,550

55,270

Amounts owed to group undertakings

46,607

59,633

Taxation and social security

98,932

90,862

Other creditors

19,895

27,479

324,263

358,686

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

10,000

50,000

Hire purchase contracts (see note 8)

4,698

9,036

14,698

59,036

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

4,337

17,604

Between one and five years

4,698

9,036

9,035

26,640

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

3,132

5,094

Between one and five years

-

4,843

3,132

9,937

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Ms V Hackworthy

Balance outstanding at start of year

21,872

18,971

Amounts advanced

28,084

24,503

Amounts repaid

(30,026

)

(21,602

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,930

21,872

Mr K Hackworthy

Balance outstanding at start of year

26,278

18,928

Amounts advanced

27,587

28,022

Amounts repaid

(26,933

)

(20,672

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,932

26,278

Overdrawn balances were subject to interest at the HMRC official rate and are repayable on demand.