Tom Hardman Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 07397532

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		40,773		41,517

			40,773		41,517
CURRENT ASSETS
Stocks		94,600		1,800
Debtors	5	19,333		905
Cash at bank and in hand		82,221		150,617

		196,154		153,322
Creditors: Amounts Falling Due Within One Year	6	(47,287 )		(128,590 )

NET CURRENT ASSETS (LIABILITIES)			148,867		24,732

TOTAL ASSETS LESS CURRENT LIABILITIES			189,640		66,249

Creditors: Amounts Falling Due After More Than One Year			(83,033 )		(11,687 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,543 )		(3,183 )

NET ASSETS			99,064		51,379

CAPITAL AND RESERVES
Called up share capital			60		60
Income Statement			99,004		51,319

SHAREHOLDERS' FUNDS			99,064		51,379

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Tom Hardman Limited

Statement of Financial Position (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr T A Hardman

Director

24/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Tom Hardman Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07397532 . The registered office is 6 The Grove, Whalley, Clitheroe, BB7 9RN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared under the historical cost basis.

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

2.2. Turnover

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.

Sales income is invoiced and recognised on delivery of the goods sold.

Commission income is invoiced and recognised on exchange of contracts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets acquired under hire purchase contracts are depreciated over their useful lives. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.6. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transactions 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.

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Tom Hardman Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.

Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

2.8. 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 finance costs in profit or loss in the period is arises.

2.9. Impairment

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating 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 are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2025	43,742	1,800	22,300	67,842
Additions	-	-	4,615	4,615

As at 31 March 2026	43,742	1,800	26,915	72,457

...CONTINUED

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Tom Hardman Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Depreciation
As at 1 April 2025	17,228	1,560	7,537	26,325
Provided during the period	3,084	60	2,215	5,359

As at 31 March 2026	20,312	1,620	9,752	31,684

Net Book Value
As at 31 March 2026	23,430	180	17,163	40,773

As at 1 April 2025	26,514	240	14,763	41,517

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	3,333	-
Prepayments and accrued income	16,000	-
VAT	-	905

	19,333	905

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	3,001
Bank loans and overdrafts	24,868	12,820
Corporation tax	7,706	-
VAT	8,454	-
Accruals and deferred income	6,000	112,500
Directors' loan accounts	259	269

	47,287	128,590

Included in creditors: amounts falling due within one year, are net obligations under hire purchase contracts of £nil (2025 - £3,001) which are secured against the assets to which they relate.

7. Related Party Transactions

During the year, dividends of £3,750 (2025 - £1,500) were paid to Mr T A Hardman.

Included in creditors: amounts falling due within one year, is a directors loan account balance of £259 (2025 - £269) owing to Mr T A Hardman.

The balance is interest free and repayable on demand.

8. Ultimate Controlling Party

The company is under the control of Mr T A Hardman who is interested in 100% of the company's issued share capital.

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