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REGISTERED NUMBER: 10251076 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Hodges and Lings Law Limited

Hodges and Lings Law Limited (Registered number: 10251076)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hodges and Lings Law Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: P J Hodges





REGISTERED OFFICE: 110 George V Avenue
Worthing
West Sussex
BN11 5RR





REGISTERED NUMBER: 10251076 (England and Wales)





ACCOUNTANTS: Maximus Accountancy Services Limited
47 Kensington Road
Chichester
West Sussex
PO19 7XS

Hodges and Lings Law Limited (Registered number: 10251076)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,060 2,036

CURRENT ASSETS
Debtors 5 176,129 164,549
Cash at bank and in hand 20,294 14,951
196,423 179,500
CREDITORS
Amounts falling due within one year 6 124,865 105,527
NET CURRENT ASSETS 71,558 73,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,618

76,009

CREDITORS
Amounts falling due after more than one
year

7

33,333

43,333
NET ASSETS 40,285 32,676

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 40,185 32,576
SHAREHOLDERS' FUNDS 40,285 32,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hodges and Lings Law Limited (Registered number: 10251076)

Balance Sheet - continued
31 December 2022


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

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

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





P J Hodges - Director


Hodges and Lings Law Limited (Registered number: 10251076)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Hodges and Lings Law 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 10% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 10 ) .

Hodges and Lings Law Limited (Registered number: 10251076)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 11,165
Additions 631
At 31 December 2022 11,796
DEPRECIATION
At 1 January 2022 9,129
Charge for year 607
At 31 December 2022 9,736
NET BOOK VALUE
At 31 December 2022 2,060
At 31 December 2021 2,036

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 90,723 90,044
Amounts recoverable on contracts 66,674 61,156
Other debtors 18,732 13,349
176,129 164,549

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 37,861 27,887
Trade creditors 7,943 -
Taxation and social security 33,364 31,275
Other creditors 45,697 46,365
124,865 105,527

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 33,333 43,333

Hodges and Lings Law Limited (Registered number: 10251076)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 11,437 11,807
Between one and five years 6,642 18,079
18,079 29,886

The lease commitments above do not include the premises from which the company operates. These are currently occupied under a tenancy at will while the company and the landlord negotiate a new 10 year lease.

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank overdrafts 27,861 21,220

The bank overdraft is secured by a fixed and floating charge over the assets of the company.

The bank loan is a Bounce Back Loan which is secured by the government.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary 1 100 100

11. RELATED PARTY DISCLOSURES

Mr P J Hodges, the director and sole shareholder, owns the building from which the company operates. During the year the company was charged rent of £20,000 (2021: £17,500) by Mr P J Hodges. At the year end the company owed Mr P J Hodges £19,996 (2021: £20,138).