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Registration number: 02684537

P.H. Hardwill Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

P.H. Hardwill Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

P.H. Hardwill Limited

Company Information

Directors | Mr Philip John Hardwill Mr Michael Harry Hardwill Mr Peter Harry Hardwill

Company secretary | Mr Philip John Hardwill

Registered office | Hurst Works Blackdown Beaminster Dorset DT8 3LE

Accountants | Mitchams Chartered Accountants 1 Cornhill Ilminster Somerset TA19 0AD

P.H. Hardwill Limited

(Registration number: 02684537)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 581,257 | 509,792
Current assets |  |  |
Stocks | 5 | 240,184 | 236,881
Debtors | 6 | 700,023 | 832,651
Cash at bank and in hand |  | 331,385 | 72,490
|  | 1,271,592 | 1,142,022
Creditors: Amounts falling due within one year | 7 | (589,633) | (431,210)
Net current assets |  | 681,959 | 710,812
Total assets less current liabilities |  | 1,263,216 | 1,220,604
Provisions for liabilities |  | (105,191) | (101,944)
Net assets |  | 1,158,025 | 1,118,660
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 1,157,925 | 1,118,560
Shareholders' funds |  | 1,158,025 | 1,118,660

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 March 2026 and signed on its behalf by:

......................................... Mr Philip John Hardwill Company secretary and director

P.H. Hardwill Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Hurst Works
Blackdown
Beaminster
Dorset
DT8 3LE

These financial statements were authorised for issue by the Board on 11 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the construction contracts rendered, stated net of discounts and of Value Added Tax. Revenue from construction contracts is recognised when the outcome of a contract can be estimated reliably, by reference to the stage of completion of the contract at the end of the reporting period. The outcome of a contract can be estimated reliably when all of the following conditions are met:
the amount of revenue can be measured reliably;
it is probable that the economic benefits associated with the contract will flow to the entity;
the stage of completion of the contract at the end of the reporting period can be measured reliably;
and the costs incurred for the contract and the costs to complete the contract can be measured reliably.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

P.H. Hardwill Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment loss.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Leasehold property improvements - 10% straight line
Plant & machinery - 25% reducing balance
Fixtures & fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises of direct materials and sub contract work, other direct costs and those overheads that have been incurred in bringing the inventories to their present location and condition, excluding borrowing costs.

P.H. Hardwill Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of their fair value of the assets and the present value of the minimum lease payments, which is determined at inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or as a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

P.H. Hardwill Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in profit or loss in the period it arises.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2024 - 27).

P.H. Hardwill Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 July 2024 | 78,338 | 37,746 | 1,296,595 | 738,752 | 2,151,431
Additions | - | 714 | 61,629 | 149,852 | 212,195
Disposals | - | - | (54,400) | (19,215) | (73,615)
At 30 June 2025 | 78,338 | 38,460 | 1,303,824 | 869,389 | 2,290,011
Depreciation
At 1 July 2024 | 68,052 | 26,089 | 978,292 | 569,206 | 1,641,639
Charge for the year | 7,411 | 2,874 | 79,115 | 48,553 | 137,953
Eliminated on disposal | - | - | (53,002) | (17,836) | (70,838)
At 30 June 2025 | 75,463 | 28,963 | 1,004,405 | 599,923 | 1,708,754
Carrying amount
At 30 June 2025 | 2,875 | 9,497 | 299,419 | 269,466 | 581,257
At 30 June 2024 | 10,286 | 11,657 | 318,303 | 169,546 | 509,792

Included within the net book value of land and buildings above is £2,875 (2024 - £10,286) in respect of long leasehold land and buildings.

P.H. Hardwill Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 240,184 | 236,881

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 450,587 | 327,436
Prepayments | 81,545 | 48,308
Other debtors | 167,891 | 456,907
| 700,023 | 832,651

Other debtors include amounts recoverable on contracts. Amounts recoverable on long term contracts include retentions on work carried out by the company.

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | - | 17,000
Trade creditors |  | 368,147 | 216,722
Taxation and social security |  | 155,000 | 103,354
Accruals and deferred income |  | 35,136 | 30,784
Other creditors |  | 31,350 | 63,350
|  | 589,633 | 431,210

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
HP and finance lease liability 1 (under 1yr) | - | 17,000

P.H. Hardwill Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £105,000 (2024 - £125,000). The commitment related to non-cancellable operating leases over the remaining life of those leases, due over the following periods:
£20,000 (2024 - £20,000) in one year, £80,000 (2024 - £80,000) in one to five years, and £5,000 (2024 - £25,000) in more than five years.