Frank Hardy & Sons (Farndon) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01126819

FRANK HARDY & SONS (FARNDON) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 August 2025

FRANK HARDY & SONS (FARNDON) LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	2,072,000	2,059,515

Current assets

Stocks		121,240	70,945
Debtors	6	176,781	189,096
Cash at bank and in hand		80,661	303,049
		-----------	-----------
		378,682	563,090

Creditors: amounts falling due within one year	7	444,136	634,826
		-----------	-----------
Net current liabilities		65,454	71,736
		--------------	--------------
Total assets less current liabilities		2,006,546	1,987,779

Creditors: amounts falling due after more than one year	8	202,625	231,260

Provisions	226,586	198,667
	--------------	--------------
Net assets	1,577,335	1,557,852
	--------------	--------------

FRANK HARDY & SONS (FARNDON) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	1,500	1,500
Profit and loss account	1,575,835	1,556,352
	--------------	--------------
Shareholders funds	1,577,335	1,557,852
	--------------	--------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 18 May 2026 , and are signed on behalf of the board by:

F E Hardy	H Hardy
Director	Director

Company registration number: 01126819

FRANK HARDY & SONS (FARNDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Corner House Farm, Farndon, Newark, Notts, NG24 3SD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 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 losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land & buildings	-	(Land not depreciated/Buildings 2% straight line)
Property improvements	-	2% straight line
Plant and machinery	-	20% straight line
Fixtures and fittings	-	25% straight line

	Motor vehicles	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

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 the fair value of the assets and the present value of the minimum lease payments, which is determined at the 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 the 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.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 29 (2024: 24 ).

5. Tangible assets

	Land & Buildings	Property Improv'nts	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£	£
Cost
At 1 Sep 2024	1,659,048	425,855	641,659	347,413	5,000	3,078,975
Additions	–	56,255	–	65,182	–	121,437
Disposals	–	–	( 725)	–	–	( 725)
	--------------	-----------	-----------	-----------	--------	--------------
At 31 Aug 2025	1,659,048	482,110	640,934	412,595	5,000	3,199,687
	--------------	-----------	-----------	-----------	--------	--------------
Depreciation
At 1 Sep 2024	186,312	28,522	572,334	228,330	3,962	1,019,460
Charge for the year	6,385	9,226	31,242	61,839	260	108,952
Disposals	–	–	( 725)	–	–	( 725)
	--------------	-----------	-----------	-----------	--------	--------------
At 31 Aug 2025	192,697	37,748	602,851	290,169	4,222	1,127,687
	--------------	-----------	-----------	-----------	--------	--------------
Carrying amount
At 31 Aug 2025	1,466,351	444,362	38,083	122,426	778	2,072,000
	--------------	-----------	-----------	-----------	--------	--------------
At 31 Aug 2024	1,472,736	397,333	69,325	119,083	1,038	2,059,515
	--------------	-----------	-----------	-----------	--------	--------------

6. Debtors

	2025	2024
	£	£
Trade debtors	4,996	5,080
Other debtors	171,785	184,016
	-----------	-----------
	176,781	189,096
	-----------	-----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	100,790	28,763
Trade creditors	75,215	230,290
Corporation tax	35,215	40,955
Social security and other taxes	63,808	27,903
Other creditors	169,108	306,915
	-----------	-----------
	444,136	634,826
	-----------	-----------

Included within bank loans and overdrafts under 1 year are amounts totalling £19,469 (2024: £18,020), secured on land owned by the company and its directors. Included within creditors under 1 year is an amount totalling £Nil (2024: £7,752) held under Hire Purchase agreements. These are secured creditors.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	202,625	231,260
	-----------	-----------

Included within bank loans and overdrafts over 1 year are amounts totalling £202,626 (2024: £222,094), secured on land owned by the company and its directors.

9. Related party transactions

At the year end amounts owing from close family members of the directors totalled £41,251. Interest of 2.25% is charged on the overdrawn balance. There are no set repayment terms.

10. Controlling party

The company was under the control of the directors throughout the current and previous year.