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REGISTERED NUMBER: 03728897 (England and Wales)















J Hodgson & Sons Ltd.

Unaudited Financial Statements for the Year Ended 30 April 2023






J Hodgson & Sons Ltd. (Registered number: 03728897)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


J Hodgson & Sons Ltd.

Company Information
for the Year Ended 30 April 2023







Directors: R B Hodgson MBA, MIMgmt.
Mrs H E Hodgson BA (Hons)





Secretary: Mrs H E Hodgson BA (Hons)





Registered office: 28 Carre Street
Sleaford
Lincolnshire
NG34 7TR





Registered number: 03728897 (England and Wales)





Accountants: Rupert King & Company Limited
Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX

J Hodgson & Sons Ltd. (Registered number: 03728897)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,776,957 2,785,439
Investments 5 100,000 100,000
2,876,957 2,885,439

Current assets
Stocks 6 1,988 1,900
Debtors 7 129,117 141,634
Cash at bank and in hand 101,997 91,841
233,102 235,375
Creditors
Amounts falling due within one year 8 245,309 237,196
Net current liabilities (12,207 ) (1,821 )
Total assets less current liabilities 2,864,750 2,883,618

Creditors
Amounts falling due after more than one
year

9

(410,879

)

(435,345

)

Provisions for liabilities 10 (32,193 ) (32,539 )
Net assets 2,421,678 2,415,734

Capital and reserves
Called up share capital 11 1,000,000 1,000,000
Revaluation reserve 12 458,392 458,392
Capital redemption reserve 12 135,237 135,237
Retained earnings 12 828,049 822,105
Shareholders' funds 2,421,678 2,415,734

J Hodgson & Sons Ltd. (Registered number: 03728897)

Balance Sheet - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





R B Hodgson MBA, MIMgmt. - Director


J Hodgson & Sons Ltd. (Registered number: 03728897)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. Statutory information

J Hodgson & Sons Ltd. 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 as modified by the revaluation of certain assets.

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 - at variable rates on reducing balance
Fixtures, fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

J Hodgson & Sons Ltd. (Registered number: 03728897)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 5 (2022 - 5 ) .

4. Tangible fixed assets
Freehold Short Plant and
property leasehold machinery
£    £    £   
Cost or valuation
At 1 May 2022
and 30 April 2023 2,745,548 30,067 55,206
Depreciation
At 1 May 2022 - 29,300 53,003
Charge for year - 200 551
At 30 April 2023 - 29,500 53,554
Net book value
At 30 April 2023 2,745,548 567 1,652
At 30 April 2022 2,745,548 767 2,203

Fixtures,
fittings Motor Carlight
& equipment vehicles Collection Totals
£    £    £    £   
Cost or valuation
At 1 May 2022
and 30 April 2023 65,734 18,273 77,467 2,992,295
Depreciation
At 1 May 2022 55,266 12,087 57,200 206,856
Charge for year 1,118 1,546 5,067 8,482
At 30 April 2023 56,384 13,633 62,267 215,338
Net book value
At 30 April 2023 9,350 4,640 15,200 2,776,957
At 30 April 2022 10,468 6,186 20,267 2,785,439

J Hodgson & Sons Ltd. (Registered number: 03728897)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. Tangible fixed assets - continued

Cost or valuation at 30 April 2023 is represented by:

Freehold Short Plant and
property leasehold machinery
£    £    £   
Valuation in 2022 97,494 - -
Valuation in 2019 70,000 - -
Valuation in 2016 239,830 - -
Valuation in 2015 545,527 - -
Valuation in 2010 5,000 - -
Valuation in 2007 137,315 - -
Valuation in 1998 175,860 - -
Cost 1,474,522 30,067 55,206
2,745,548 30,067 55,206

Fixtures,
fittings Motor Carlight
& equipment vehicles Collection Totals
£    £    £    £   
Valuation in 2022 - - - 97,494
Valuation in 2019 - - - 70,000
Valuation in 2016 - - - 239,830
Valuation in 2015 - - - 545,527
Valuation in 2010 - - - 5,000
Valuation in 2007 - - - 137,315
Valuation in 1998 - - - 175,860
Cost 65,734 18,273 77,467 1,721,269
65,734 18,273 77,467 2,992,295

5. Fixed asset investments
Other
investments
£   
Cost
At 1 May 2022
and 30 April 2023 100,000
Net book value
At 30 April 2023 100,000
At 30 April 2022 100,000

J Hodgson & Sons Ltd. (Registered number: 03728897)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. Stocks
2023 2022
£    £   
Finished goods 1,988 1,900

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 24,645 29,638
Amounts owed by participating interests 10,960 10,600
Other debtors 77,994 95,920
Prepayments 15,518 5,476
129,117 141,634

8. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 21,981 22,093
Trade creditors 9,793 9,831
Social security and other taxes 1,598 1,615
VAT 13,106 5,236
Other creditors 41,590 42,474
Directors' current accounts 123,665 123,665
Deferred income 2,550 2,550
Accrued expenses 31,026 29,732
245,309 237,196

9. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 22,500 22,093
Bank loans - 2-5 years 68,500 67,280
Bank loans more 5 yr by instal 119,779 143,322
Other loans - 2-5 years 195,000 195,000
Deferred income 5,100 7,650
410,879 435,345

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 119,779 143,322

J Hodgson & Sons Ltd. (Registered number: 03728897)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

10. Provisions for liabilities
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 1,769 2,115
Deferred tax 30,424 30,424
32,193 32,539

Deferred
tax
£   
Balance at 1 May 2022 32,539
Provided during year (346 )
Balance at 30 April 2023 32,193

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000,000 Ordinary £1 1,000,000 1,000,000

12. Reserves
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 May 2022 822,105 458,392 135,237 1,415,734
Profit for the year 35,094 35,094
Dividends (29,150 ) (29,150 )
At 30 April 2023 828,049 458,392 135,237 1,421,678

13. Ultimate controlling party

The ultimate controlling party is R B Hodgson MBA, MIMgmt..