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REGISTERED NUMBER: 00975536 (England and Wales)















Dobson and Hodge Limited

Financial Statements For The Year Ended 30 November 2021






Dobson and Hodge Limited (Registered number: 00975536)






Contents of the Financial Statements
For The Year Ended 30 November 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Dobson and Hodge Limited

Company Information
For The Year Ended 30 November 2021







DIRECTORS: T P Austin
A N Horton
D V Llewellyn





SECRETARY: T P Austin





REGISTERED OFFICE: 11/15 Thorne Road
Doncaster
South Yorkshire
DN1 2HH





REGISTERED NUMBER: 00975536 (England and Wales)





AUDITORS: Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Dobson and Hodge Limited (Registered number: 00975536)

Abridged Balance Sheet
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,188 36,376
Tangible assets 5 10,983 17,582
Investments 6 - -
29,171 53,958

CURRENT ASSETS
Debtors 814,294 686,220
Cash at bank and in hand 158,023 67,700
972,317 753,920
CREDITORS
Amounts falling due within one year 223,877 269,695
NET CURRENT ASSETS 748,440 484,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

777,611

538,183

CREDITORS
Amounts falling due after more than one
year

7

(376,426

)

(10,354

)

PROVISIONS FOR LIABILITIES (1,450 ) (2,625 )
NET ASSETS 399,735 525,204

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium 554 554
Capital redemption reserve 1,000 1,000
Retained earnings 397,181 522,650
SHAREHOLDERS' FUNDS 399,735 525,204

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2022 and were signed on its behalf by:





T P Austin - Director


Dobson and Hodge Limited (Registered number: 00975536)

Notes to the Financial Statements
For The Year Ended 30 November 2021

1. STATUTORY INFORMATION

Dobson and Hodge Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents commissions receivable. Commissions are taken into account when the respective premiums are paid to the insurers, or when received if paid directly by the insurers to the company. Commissions on indemnity terms are taken into account when received. Provision of £500 (2020: £500) has been made for refundable commissions and losses.

Insurance broking debtors and creditors are not shown in the balance sheet in accordance with Financial Conduct Authority best practice guidelines.

Goodwill
Purchased goodwill is written off over its estimated useful life. The directors consider that the goodwill acquired with the purchase of the business of another insurance broker in 2013 has a useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates defined contribution pension schemes for the directors (contributory and non-contributory) and selected employees (contributory). The scheme funds are held by trustees outside the company's assets and control. Contributions are charged to profit and loss account in the year in which they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2020 - 21 ) .

Dobson and Hodge Limited (Registered number: 00975536)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2021

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2020
and 30 November 2021 262,699
AMORTISATION
At 1 December 2020 226,323
Amortisation for year 18,188
At 30 November 2021 244,511
NET BOOK VALUE

At 30 November 2021 18,188
At 30 November 2020 36,376

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2020 52,917
Additions 784
At 30 November 2021 53,701
DEPRECIATION
At 1 December 2020 35,335
Charge for year 7,383
At 30 November 2021 42,718
NET BOOK VALUE
At 30 November 2021 10,983
At 30 November 2020 17,582

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 December 2020
and 30 November 2021 3,342
PROVISIONS
At 1 December 2020
and 30 November 2021 3,342
NET BOOK VALUE
At 30 November 2021 -
At 30 November 2020 -

The market value of the above investments is anticipated to be higher than the book value but provisions made in earlier years have not been written back as the directors deem the difference to be not material to the accounts. The company has no plans to dispose of its shares.

Dobson and Hodge Limited (Registered number: 00975536)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2021 2020
£    £   
Repayable by instalments
Bank loans 2,651 -

Creditors include a provision for the amount of excess that may be payable on potential claims being made against the company and throughout the financial services world, which are currently ongoing. The provision is based on the average percentage of such claims likely to succeed across the industry as determined by the regulator.

8. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Hire purchase contracts 10,354 13,775

Hire purchase contracts are secured on the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2021 2020
value: £    £   
1,000 Ordinary Shares £1 1,000 1,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Pepper FCA (Senior Statutory Auditor)
for and on behalf of Kingswood Allotts Limited, Statutory Auditor

11. OTHER FINANCIAL COMMITMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
20212020
££
Payable within one year16,07225,470
Payable between one and five years6614,732
16,73330,202

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020:

2021 2020
£    £   
T P Austin
Balance outstanding at start of year - -
Amounts advanced - 301
Amounts repaid - (301 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Dobson and Hodge Limited (Registered number: 00975536)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2021

13. RELATED PARTY DISCLOSURES

Included in creditors is a loan from one of the directors for £6,199 (2020: £11,999). The loan is interest free and has no formal repayment terms.