Company registration number 13230164 (England and Wales)
Hardware Retail Group Limited
Unaudited Financial Statements
For the year ended 30 March 2025
Hardware Retail Group Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Hardware Retail Group Limited
Balance Sheet
As at 30 March 2025
- 1 -
30 March 2025
31 March 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
104
Investments
4
-
0
1
-
0
105
Current assets
Debtors
5
14,788
70,443
Cash at bank and in hand
56
48
14,844
70,491
Creditors: amounts falling due within one year
6
(152,123)
(134,021)
Net current liabilities
(137,279)
(63,530)
Total assets less current liabilities
(137,279)
(63,425)
Creditors: amounts falling due after more than one year
7
(19,832)
(36,892)
Net liabilities
(157,111)
(100,317)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(157,211)
(100,417)
Total equity
(157,111)
(100,317)
Hardware Retail Group Limited
Balance Sheet (continued)
As at 30 March 2025
- 2 -

For the financial year ended 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 June 2026 and are signed on its behalf by:
Mrs A E Roylance-White
Director
Company registration number 13230164 (England and Wales)
Hardware Retail Group Limited
Notes to the financial statements
For the year ended 30 March 2025
- 3 -
1
Accounting policies
Company information

Hardware Retail Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Gauvain Close, Alton, Hampshire, England, GU34 2SB.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are not prepared on the going concern basis as the directors are aware of certain material uncertainties which cause doubt on the company's ability to continue as a going concern.

The subsidiary trading company Black Cat (HRH) Limited was placed into liquidation on the 3 March 2026.

Within the financial statements a full provision has been made for the irrecoverability of the group intercompany loan balance of £34,079.

Within the balance sheet the company assets have been written down to their recoverable amounts.

Once the secured company loan financing has been cleared with the support of the directors, the intention is to wind up and strike the company off the Companies Register.

1.3
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from group service charges is recognised on a monthly basis in accordance with the level of service charge agreed with the group companies.

1.4
Tangible fixed assets

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Hardware Retail Group Limited
Notes to the financial statements (continued)
For the year ended 30 March 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. As all financial assets are classified within one year, they are not amortised but carried at face value.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are carried at face value.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and continue to be measured at face value.

Hardware Retail Group Limited
Notes to the financial statements (continued)
For the year ended 30 March 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (excluding directors without service contracts) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 30 March 2025
174
Depreciation and impairment
At 1 April 2024
70
Impairment losses
104
At 30 March 2025
174
Carrying amount
At 30 March 2025
-
0
At 31 March 2024
104
Hardware Retail Group Limited
Notes to the financial statements (continued)
For the year ended 30 March 2025
- 6 -
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
-
0
1
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2024 & 30 March 2025
1
Impairment
At 1 April 2024
-
Impairment losses
1
At 30 March 2025
1
Carrying amount
At 30 March 2025
-
At 31 March 2024
1
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
-
0
34,879
Other debtors
14,788
35,564
14,788
70,443
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,379
3,022
Other creditors
149,744
130,999
152,123
134,021
Hardware Retail Group Limited
Notes to the financial statements (continued)
For the year ended 30 March 2025
- 7 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
19,832
36,892
8
Related party transactions

At the balance sheet date there was an amount owing to key management personnel of £130,787 (2024: £115,918). The balance is interest free and repayable on demand.

At the balance sheet date the group subsidiary company Black Cat (HRG) Limited owed Hardware Retail Group Limited £34,079 (2024: £34,879). The balance was interest free and repayable on demand. Black Cat (HRH) Limited appointed a liquidator on the 3 March 2026 and it has been subsequently established that there is no prospect of the subsidiary company loan being repaid, as a result full provision against this balance has been made within these financial statements.

At the balance sheet date there were balances totalling £12,000 due from companies and individuals that the directors are personally connected to (2024: £32,607). The amounts due were interest free and repayable upon demand.

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