IRIS Accounts Production v23.2.0.158 04393073 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure043930732022-03-31043930732023-03-31043930732022-04-012023-03-31043930732021-03-31043930732021-04-012022-03-31043930732022-03-3104393073ns16:EnglandWales2022-04-012023-03-3104393073ns15:PoundSterling2022-04-012023-03-3104393073ns11:Director12022-04-012023-03-3104393073ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3104393073ns11:SmallEntities2022-04-012023-03-3104393073ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3104393073ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104393073ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3104393073ns11:FullAccounts2022-04-012023-03-3104393073ns11:OrdinaryShareClass12022-04-012023-03-31043930731ns11:OrdinaryShareClass12022-04-012023-03-3104393073ns11:Director22022-04-012023-03-3104393073ns11:Director32022-04-012023-03-3104393073ns11:CompanySecretary12022-04-012023-03-3104393073ns11:RegisteredOffice2022-04-012023-03-3104393073ns6:CurrentFinancialInstruments2023-03-3104393073ns6:CurrentFinancialInstruments2022-03-3104393073ns6:Non-currentFinancialInstruments2023-03-3104393073ns6:Non-currentFinancialInstruments2022-03-3104393073ns6:ShareCapital2023-03-3104393073ns6:ShareCapital2022-03-3104393073ns6:RetainedEarningsAccumulatedLosses2023-03-3104393073ns6:RetainedEarningsAccumulatedLosses2022-03-3104393073ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-04-012023-03-3104393073ns6:PlantMachinery2022-04-012023-03-3104393073ns6:FurnitureFittings2022-04-012023-03-3104393073ns6:MotorVehicles2022-04-012023-03-3104393073ns6:LandBuildings2022-03-3104393073ns6:PlantMachinery2022-03-3104393073ns6:LandBuildings2022-04-012023-03-3104393073ns6:LandBuildings2023-03-3104393073ns6:PlantMachinery2023-03-3104393073ns6:LandBuildings2022-03-3104393073ns6:PlantMachinery2022-03-3104393073ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3104393073ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3104393073ns11:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 04393073 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GARY HODGSON COMMERCIALS LIMITED

GARY HODGSON COMMERCIALS LIMITED (REGISTERED NUMBER: 04393073)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARY HODGSON COMMERCIALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: N G Hodgson
S A Hodgson
S L Hodgson





SECRETARY: S A Hodgson





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 04393073 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

GARY HODGSON COMMERCIALS LIMITED (REGISTERED NUMBER: 04393073)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 175,052 164,847

CURRENT ASSETS
Stocks 17,118 4,226
Debtors 5 102,655 94,380
Cash at bank and in hand 155,567 168,824
275,340 267,430
CREDITORS
Amounts falling due within one year 6 202,309 173,195
NET CURRENT ASSETS 73,031 94,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,083

259,082

CREDITORS
Amounts falling due after more than one
year

7

(22,500

)

(32,500

)

PROVISIONS FOR LIABILITIES (22,068 ) (14,257 )
NET ASSETS 203,515 212,325

CAPITAL AND RESERVES
Called up share capital 8 120 2
Retained earnings 203,395 212,323
SHAREHOLDERS' FUNDS 203,515 212,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

GARY HODGSON COMMERCIALS LIMITED (REGISTERED NUMBER: 04393073)

BALANCE SHEET - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





N G Hodgson - Director


GARY HODGSON COMMERCIALS LIMITED (REGISTERED NUMBER: 04393073)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Gary Hodgson Commercials 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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% 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 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.

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 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 8 (2022 - 7 ) .

GARY HODGSON COMMERCIALS LIMITED (REGISTERED NUMBER: 04393073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 147,527 262,554 410,081
Additions - 32,252 32,252
At 31 March 2023 147,527 294,806 442,333
DEPRECIATION
At 1 April 2022 59,020 186,214 245,234
Charge for year 2,951 19,096 22,047
At 31 March 2023 61,971 205,310 267,281
NET BOOK VALUE
At 31 March 2023 85,556 89,496 175,052
At 31 March 2022 88,507 76,340 164,847

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 99,378 92,608
Other debtors 3,277 1,772
102,655 94,380

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 47,741 37,707
Taxation and social security 49,532 58,291
Other creditors 95,036 67,197
202,309 173,195

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,500 32,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
120 Ordinary £1 120 2
(31.3.22 - 2 )

GARY HODGSON COMMERCIALS LIMITED (REGISTERED NUMBER: 04393073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CALLED UP SHARE CAPITAL - continued

118 Ordinary shares of £1 were issued during the year for cash of £ 118 .