Silverfin false 31/12/2021 31/12/2021 01/01/2021 Elliot Hodges 18/03/2016 Robin Hodges 16/11/1973 Susan Hodges 19/11/1973 08 September 2022 The principal activity of the Company during the financial year was flooring design, manufacture and installation. 01146055 2021-12-31 01146055 bus:Director1 2021-12-31 01146055 bus:Director2 2021-12-31 01146055 bus:Director3 2021-12-31 01146055 2020-12-31 01146055 core:CurrentFinancialInstruments 2021-12-31 01146055 core:CurrentFinancialInstruments 2020-12-31 01146055 core:ShareCapital 2021-12-31 01146055 core:ShareCapital 2020-12-31 01146055 core:RetainedEarningsAccumulatedLosses 2021-12-31 01146055 core:RetainedEarningsAccumulatedLosses 2020-12-31 01146055 core:PlantMachinery 2020-12-31 01146055 core:Vehicles 2020-12-31 01146055 core:FurnitureFittings 2020-12-31 01146055 core:PlantMachinery 2021-12-31 01146055 core:Vehicles 2021-12-31 01146055 core:FurnitureFittings 2021-12-31 01146055 2021-01-01 2021-12-31 01146055 bus:FullAccounts 2021-01-01 2021-12-31 01146055 bus:SmallEntities 2021-01-01 2021-12-31 01146055 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 01146055 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 01146055 bus:Director1 2021-01-01 2021-12-31 01146055 bus:Director2 2021-01-01 2021-12-31 01146055 bus:Director3 2021-01-01 2021-12-31 01146055 core:PlantMachinery 2021-01-01 2021-12-31 01146055 core:Vehicles 2021-01-01 2021-12-31 01146055 core:FurnitureFittings 2021-01-01 2021-12-31 01146055 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure

Company No: 01146055 (England and Wales)

ARDERN HODGES LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2021
Pages for filing with the registrar

ARDERN HODGES LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2021

Contents

ARDERN HODGES LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2021
ARDERN HODGES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2021
DIRECTORS Elliot Hodges
Robin Hodges
Susan Hodges
SECRETARY Susan Hodges
REGISTERED OFFICE Hitchcock House Hilltop Park
Devizes Road
Salisbury
SP3 4UF
United Kingdom
BUSINESS ADDRESS Unit A
449 Holloway Road
Holloway
London
N7 6LJ
COMPANY NUMBER 01146055 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire SP3 4UF
ARDERN HODGES LIMITED

BALANCE SHEET

As at 31 December 2021
ARDERN HODGES LIMITED

BALANCE SHEET (continued)

As at 31 December 2021
Note 2021 2020
£ £
Fixed assets
Tangible assets 3 151,894 161,903
151,894 161,903
Current assets
Stocks 42,000 42,000
Debtors 4 65,800 720,370
Cash at bank and in hand 1,480,601 938,891
1,588,401 1,701,261
Creditors
Amounts falling due within one year 5 ( 18,031) ( 45,998)
Net current assets 1,570,370 1,655,263
Total assets less current liabilities 1,722,264 1,817,166
Provision for liabilities ( 15,272) ( 29,955)
Net assets 1,706,992 1,787,211
Capital and reserves
Called-up share capital 100 100
Profit and loss account 1,706,892 1,787,111
Total shareholders' funds 1,706,992 1,787,211

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Ardern Hodges Limited (registered number: 01146055) were approved and authorised for issue by the Board of Directors on 08 September 2022. They were signed on its behalf by:

Robin Hodges
Director
ARDERN HODGES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
ARDERN HODGES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ardern Hodges Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The principal place of business is Unit A, 449 Holloway Road, Holloway, London, N7 6LJ.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Directors’ Report.

The Company's forecasts and projections, taking account of the continued possible impact of COVID-19 in trading performance, show that the company should be able to operate within the level of its current facilities.

Therefore, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stock of goods is valued at the lower of cost and net realisable value. Cost represents purchase price of goods. Net realisable value represents the selling price of completed goods less any costs necessary to complete the goods. Provision is made for obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 8

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 January 2021 616,586 55,780 40,285 712,651
Additions 16,181 0 2,558 18,739
At 31 December 2021 632,767 55,780 42,843 731,390
Accumulated depreciation
At 01 January 2021 479,846 40,127 30,775 550,748
Charge for the financial year 22,244 3,913 2,591 28,748
At 31 December 2021 502,090 44,040 33,366 579,496
Net book value
At 31 December 2021 130,677 11,740 9,477 151,894
At 31 December 2020 136,740 15,653 9,510 161,903

4. Debtors

2021 2020
£ £
Trade debtors 60,547 120,902
Other debtors 5,253 599,468
65,800 720,370

5. Creditors: amounts falling due within one year

2021 2020
£ £
Trade creditors 12,672 3,462
Other creditors 7,515 5,771
Corporation tax ( 20,820) 0
Other taxation and social security 18,664 36,765
18,031 45,998

6. Related party transactions

Other related party transactions

2021 2020
£ £
Interest free loan to Securivin Limited (2) 471,120

(a company controlled by RA and S Hodges, directors)