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REGISTERED NUMBER: 11695030 (England and Wales)















Greg Hodgkinson Ltd

Unaudited Financial Statements

for the Year Ended 30 November 2022






Greg Hodgkinson Ltd (Registered number: 11695030)






Contents of the Financial Statements
for the year ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greg Hodgkinson Ltd

Company Information
for the year ended 30 November 2022







DIRECTOR: GRA Hodgkinson





REGISTERED OFFICE: Castle View
Bridge Street
Garstang
Lancashire
PR3 1YB





REGISTERED NUMBER: 11695030 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Greg Hodgkinson Ltd (Registered number: 11695030)

Balance Sheet
30 November 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 388,604 346,946

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 17,341 22,552
Cash at bank 24,501 42,898
46,842 70,450
CREDITORS
Amounts falling due within one year 6 56,890 60,381
NET CURRENT (LIABILITIES)/ASSETS (10,048 ) 10,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,556

357,015

CREDITORS
Amounts falling due after more than one
year

7

(258,375

)

(265,331

)

PROVISIONS FOR LIABILITIES 9 (5,014 ) (5,922 )
NET ASSETS 115,167 85,762

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 115,067 85,662
SHAREHOLDERS' FUNDS 115,167 85,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Greg Hodgkinson Ltd (Registered number: 11695030)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2023 and were signed by:





GRA Hodgkinson - Director


Greg Hodgkinson Ltd (Registered number: 11695030)

Notes to the Financial Statements
for the year ended 30 November 2022

1. STATUTORY INFORMATION

Greg Hodgkinson 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.

The presentation currency of the financial statements is the Pound Sterling (£) and the amounts in the financial statements have been rounded to the nearest £1.

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.
Building improvements and on-going
works

-

2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance

Freehold land is not depreciated. No depreciation is provided on the company's freehold buildings as the director considers that the lives of these assets are so long and residual values, based on prices prevailing at the time of acquisition, are sufficiently high that any depreciation would be immaterial. Provision is made in the profit and loss account in the event of any permanent diminution in the value of the properties.

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

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals and short-term loans, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Greg Hodgkinson Ltd (Registered number: 11695030)

Notes to the Financial Statements - continued
for the year ended 30 November 2022

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 7 ) .

4. TANGIBLE FIXED ASSETS
Building
improvements
and
Freehold on-going Plant and
property works machinery
£ £ £
COST
At 1 December 2021 303,236 13,402 16,156
Additions - 46,837 190
Transfers 13,402 (13,402 ) -
At 30 November 2022 316,638 46,837 16,346
DEPRECIATION
At 1 December 2021 - 616 6,292
Charge for year - 268 2,011
At 30 November 2022 - 884 8,303
NET BOOK VALUE
At 30 November 2022 316,638 45,953 8,043
At 30 November 2021 303,236 12,786 9,864

Greg Hodgkinson Ltd (Registered number: 11695030)

Notes to the Financial Statements - continued
for the year ended 30 November 2022

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 December 2021 9,303 24,295 366,392
Additions 994 - 48,021
Transfers - - -
At 30 November 2022 10,297 24,295 414,413
DEPRECIATION
At 1 December 2021 2,843 9,695 19,446
Charge for year 1,164 2,920 6,363
At 30 November 2022 4,007 12,615 25,809
NET BOOK VALUE
At 30 November 2022 6,290 11,680 388,604
At 30 November 2021 6,460 14,600 346,946

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 10,533 22,395
Prepayments and accrued income 6,808 157
17,341 22,552

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Bank loans and overdrafts 7,000 7,000
Payments on account 2,000 7,000
Trade creditors 9,378 20,123
Taxation and social security 31,327 18,757
Other creditors 7,185 7,501
56,890 60,381

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£ £
Bank loans 208,375 215,331
Other creditors 50,000 50,000
258,375 265,331

Greg Hodgkinson Ltd (Registered number: 11695030)

Notes to the Financial Statements - continued
for the year ended 30 November 2022

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£ £
Bank loans 215,375 222,331

The bank loan is secured on the assets of the company.

9. PROVISIONS FOR LIABILITIES
2022 2021
£ £
Deferred tax
Accelerated capital allowances 5,014 5,922

Deferred tax
£
Balance at 1 December 2021 5,922
Credit to Statement of Income and Retained Earnings during year (908 )
Balance at 30 November 2022 5,014

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 100

11. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by the director, Mr GRA Hodgkinson, by virtue of his shareholding.