Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mrs G I Hardwick 13/03/2007 Mr A R L Hardwick 13/03/2007 31 December 2025 The principal activity of the company is the raising of dairy cattle. 06156899 2025-03-31 06156899 bus:Director1 2025-03-31 06156899 bus:Director2 2025-03-31 06156899 2024-03-31 06156899 core:CurrentFinancialInstruments 2025-03-31 06156899 core:CurrentFinancialInstruments 2024-03-31 06156899 core:Non-currentFinancialInstruments 2025-03-31 06156899 core:Non-currentFinancialInstruments 2024-03-31 06156899 core:ShareCapital 2025-03-31 06156899 core:ShareCapital 2024-03-31 06156899 core:RetainedEarningsAccumulatedLosses 2025-03-31 06156899 core:RetainedEarningsAccumulatedLosses 2024-03-31 06156899 core:OtherResidualIntangibleAssets 2024-03-31 06156899 core:OtherResidualIntangibleAssets 2025-03-31 06156899 core:LandBuildings 2024-03-31 06156899 core:LeaseholdImprovements 2024-03-31 06156899 core:PlantMachinery 2024-03-31 06156899 core:Vehicles 2024-03-31 06156899 core:LandBuildings 2025-03-31 06156899 core:LeaseholdImprovements 2025-03-31 06156899 core:PlantMachinery 2025-03-31 06156899 core:Vehicles 2025-03-31 06156899 core:ConsumableBiologicalAssetClass1 2024-03-31 06156899 core:ConsumableBiologicalAssetClass1 2025-03-31 06156899 2024-04-01 2025-03-31 06156899 bus:FilletedAccounts 2024-04-01 2025-03-31 06156899 bus:SmallEntities 2024-04-01 2025-03-31 06156899 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06156899 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06156899 bus:Director1 2024-04-01 2025-03-31 06156899 bus:Director2 2024-04-01 2025-03-31 06156899 core:OtherResidualIntangibleAssets core:TopRangeValue 2024-04-01 2025-03-31 06156899 core:LandBuildings core:TopRangeValue 2024-04-01 2025-03-31 06156899 core:LeaseholdImprovements 2024-04-01 2025-03-31 06156899 core:PlantMachinery 2024-04-01 2025-03-31 06156899 core:Vehicles 2024-04-01 2025-03-31 06156899 2023-04-01 2024-03-31 06156899 core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 06156899 core:LandBuildings 2024-04-01 2025-03-31 06156899 core:ConsumableBiologicalAssetClass1 2024-04-01 2025-03-31 06156899 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: 06156899 (England and Wales)

# A AND G HARDWICK LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

A AND G HARDWICK LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

A AND G HARDWICK LIMITED

## BALANCE SHEET

As at 31 March 2025
A AND G HARDWICK LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 1,653,502 |  | 1,705,248
Biological assets | 5 | 380,993 |  | 312,436
|  | 2,034,495 |  | 2,017,684
Current assets |  |  |  |
Stocks | 6 | 378,731 |  | 374,509
Debtors | 7 | 292,516 |  | 220,893
Cash at bank and in hand |  | 124,192 |  | 182,694
|  | 795,439 |  | 778,096
Creditors: amounts falling due within one year | 8 | ( 1,000,182) |  | ( 1,087,464)
Net current liabilities |  | (204,743) |  | (309,368)
Total assets less current liabilities |  | 1,829,752 |  | 1,708,316
Creditors: amounts falling due after more than one year | 9 | ( 190,645) |  | ( 331,049)
Provision for liabilities |  | ( 244,871) |  | ( 258,411)
Net assets |  | 1,394,236 |  | 1,118,856
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 1,394,136 |  | 1,118,756
Total shareholders' funds |  | 1,394,236 |  | 1,118,856

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of A and G Hardwick Limited (registered number: 06156899) were approved and authorised for issue by the Board of Directors on 31 December 2025. They were signed on its behalf by:

Mr A R L Hardwick Director |

A AND G HARDWICK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
A AND G HARDWICK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

A and G Hardwick Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Blackbrook Gate 1, Blackbrook Business Park, Taunton, Somerset, United Kingdom, TA1 2PX.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets | 5 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Leasehold improvements | 2 % reducing balance
Plant and machinery | 15 % reducing balance
Vehicles | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Biological assets

The Company owned and a dairy herd. In accordance with FRS102, these are defined as biological assets.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 5 |  | 6

#### 3. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 24,052 |  | 24,052
Disposals | ( 24,052) |  | ( 24,052)
At 31 March 2025 | 0 |  | 0
Accumulated amortisation |  |  |
At 01 April 2024 | 24,052 |  | 24,052
Disposals | ( 24,052) |  | ( 24,052)
At 31 March 2025 | 0 |  | 0
Net book value |  |  |
At 31 March 2025 | 0 |  | 0
At 31 March 2024 | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 April 2024 | 447,662 |  | 96,756 |  | 1,912,920 |  | 164,600 |  | 2,621,938
Additions | 0 |  | 0 |  | 157,046 |  | 10,250 |  | 167,296
Disposals | 0 |  | 0 |  | ( 51,500) |  | 0 |  | ( 51,500)
At 31 March 2025 | 447,662 |  | 96,756 |  | 2,018,466 |  | 174,850 |  | 2,737,734
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 April 2024 | 0 |  | 7,882 |  | 799,337 |  | 109,471 |  | 916,690
Charge for the financial year | 0 |  | 1,777 |  | 170,545 |  | 15,491 |  | 187,813
Disposals | 0 |  | 0 |  | ( 20,271) |  | 0 |  | ( 20,271)
At 31 March 2025 | 0 |  | 9,659 |  | 949,611 |  | 124,962 |  | 1,084,232
Net book value |  |  |  |  |  |  |  |  |
At 31 March 2025 | 447,662 |  | 87,097 |  | 1,068,855 |  | 49,888 |  | 1,653,502
At 31 March 2024 | 447,662 |  | 88,874 |  | 1,113,583 |  | 55,129 |  | 1,705,248

#### 5. Biological assets

| 2025
| £
Biological assets at cost | 380,993

Assets held at cost:

| Dairy |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 319,119 |  | 319,119
Increase due to purchases/ transfers in | 160,344 |  | 160,344
Decrease attributable to sales/ transfers out | ( 84,098) |  | ( 84,098)
At 31 March 2025 | 395,365 |  | 395,365
Accumulated depreciation |  |  |
At 01 April 2024 | 6,683 |  | 6,683
Charge for the financial year | 11,109 |  | 11,109
Reversal of past impairment losses | ( 3,420) |  | ( 3,420)
At 31 March 2025 | 14,372 |  | 14,372
Net book value |  |  |
At 31 March 2025 | 380,993 |  | 380,993
At 31 March 2024 | 312,436 |  | 312,436

#### 6. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 378,731 |  | 374,509

#### 7. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 228,628 |  | 195,466
Other debtors | 63,888 |  | 25,427
| 292,516 |  | 220,893

#### 8. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 441,467 |  | 595,734
Trade creditors | 332,957 |  | 241,935
Taxation and social security | 34,107 |  | 3,827
Obligations under finance leases and hire purchase contracts | 111,580 |  | 141,472
Other creditors | 80,071 |  | 104,496
| 1,000,182 |  | 1,087,464

#### 9. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 88,617 |  | 140,397
Obligations under finance leases and hire purchase contracts | 102,028 |  | 190,652
| 190,645 |  | 331,049

There are no amounts included above in respect of which any security has been given by the small entity.