IRIS Accounts Production v23.2.0.158 NI003866 director 1.4.22 31.3.23 31.3.23 false true true false false true false Ordinary 1.00000 Ordinary 'A' 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0038662022-03-31NI0038662023-03-31NI0038662022-04-012023-03-31NI0038662021-03-31NI0038662021-04-012022-03-31NI0038662022-03-31NI003866ns10:Originalns15:NorthernIreland2022-04-012023-03-31NI003866ns14:PoundSterlingns10:Original2022-04-012023-03-31NI003866ns10:Originalns10:Director12022-04-012023-03-31NI003866ns10:Original2022-04-012023-03-31NI003866ns10:CompanySecretary1ns10:Original2022-04-012023-03-31NI003866ns10:Original2023-03-31NI003866ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-31NI003866ns10:Originalns10:SmallEntities2022-04-012023-03-31NI003866ns10:Originalns10:Audited2022-04-012023-03-31NI003866ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31NI003866ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31NI003866ns10:Originalns10:FullAccounts2022-04-012023-03-31NI003866ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-31NI003866ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-31NI003866ns10:Originalns10:RegisteredOffice2022-04-012023-03-31NI003866ns10:Original2021-04-012022-03-31NI003866ns10:Original2022-03-31NI003866ns10:Originalns5:CurrentFinancialInstruments2023-03-31NI003866ns10:Originalns5:CurrentFinancialInstruments2022-03-31NI003866ns10:Originalns5:Non-currentFinancialInstruments2023-03-31NI003866ns10:Originalns5:Non-currentFinancialInstruments2022-03-31NI003866ns5:ShareCapitalns10:Original2023-03-31NI003866ns5:ShareCapitalns10:Original2022-03-31NI003866ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-31NI003866ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-31NI003866ns5:OwnedAssetsns10:Original2022-04-012023-03-31NI003866ns5:OwnedAssetsns10:Original2021-04-012022-03-31NI00386611ns10:Original2022-04-012023-03-31NI00386611ns10:Original2021-04-012022-03-31NI003866ns10:Originalns5:PlantMachinery2022-03-31NI003866ns10:Originalns5:PlantMachinery2022-04-012023-03-31NI003866ns10:Originalns5:PlantMachinery2023-03-31NI003866ns10:Originalns5:PlantMachinery2022-03-31NI003866ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31NI003866ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31NI003866ns10:Originalns10:OrdinaryShareClass12023-03-31NI003866ns10:Originalns10:OrdinaryShareClass22023-03-31
REGISTERED NUMBER: NI003866 (Northern Ireland)














Report of the Director and

Financial Statements

for the Year Ended 31 March 2023

for

R. HOGG & SONS LIMITED

R. HOGG & SONS LIMITED (REGISTERED NUMBER: NI003866)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Report of the Director 2

Report of the Independent Auditors 3

Income Statement 7

Balance Sheet 8

Notes to the Financial Statements 9


R. HOGG & SONS LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Raymond Hogg



SECRETARY: Raymond Hogg



REGISTERED OFFICE: 50 Creagh Road
Toomebridge
Antrim
BT41 3SE



REGISTERED NUMBER: NI003866 (Northern Ireland)



AUDITORS: M.B.McGrady & Co
Chartered Accountants
Statutory Auditors
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH



BANKERS: Danske Bank
18 Ballymoney Road
Ballymena
Antrim
BT43 5BY



SOLICITORS: Millar Shearer Black
40 Molesworth Street
Cookstown
Co Tyrone
BT80 8PH

R. HOGG & SONS LIMITED (REGISTERED NUMBER: NI003866)

Report of the Director
FOR THE YEAR ENDED 31 MARCH 2023


The director presents his report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company is the supply of labour and equipment leasing.

DIRECTOR
Raymond Hogg held office during the whole of the period from 1 April 2022 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, M.B.McGrady & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Raymond Hogg - Secretary


15 November 2023

Report of the Independent Auditors to the Members of
R. Hogg & Sons Limited


Opinion
We have audited the financial statements of R. Hogg & Sons Limited (the 'company') for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Director has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
R. Hogg & Sons Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
R. Hogg & Sons Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The extent to which our audit was capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In assessing and detecting irregularities such as fraud and non-compliance with laws and regulations we considered the following:

- the matters discussed among the audit engagement team and any other relevant professionals regarding how and where fraud might occur in the financial statements and any potential indicators of fraud;
- the nature of the industry and any laws and regulations applicable to the company and the industry;
- the company's own assessment of the risk of fraud and other irregularities;
- company's policies and procedures in relation to:

- how they identify and comply with all relevant laws and regulations and whether they are aware of any non-compliance
- how they detect and respond to risks of fraud and their knowledge of any actual, suspected or alleged fraud;
- control environment within the company and how this mitigates risks of fraud and instances of non-compliance with laws and regulations;

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to asset valuations. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

In response to the risk of material misstatement through irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- ensuring the engagement team had the appropriate knowledge and expertise in order to be able to identify and recognise any instances of fraud or non-compliance with laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and management and from our knowledge and experience of the sector;
- ensuring the audit was carried out with a level of professional scepticism;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- enquiring of management concerns of actual and potential litigation and claims;
- agreeing the financial statement disclosures to underlying supporting documentation to assess compliance with relevant laws and regulations;
- reviewing correspondence with HMRC and other relevant regulators and the company's legal advisors.

To address the risk of fraud through management bias and override of controls, we:


Report of the Independent Auditors to the Members of
R. Hogg & Sons Limited

- examine paid cheques and verification of the existence of employees;
- perform analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- obtain an understanding of provisions eg stock valuation and recoverability of debtors;
- test the appropriateness of journal entries and other adjustments
- assess whether the judgements made in making accounting estimates are indicative of a potential bias and
- evaluate the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and significant component audit teams, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Conaill McGrady (Senior Statutory Auditor)
for and on behalf of M.B.McGrady & Co
Chartered Accountants
Statutory Auditors
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

15 November 2023

R. HOGG & SONS LIMITED (REGISTERED NUMBER: NI003866)

Income Statement
FOR THE YEAR ENDED 31 MARCH 2023

31/3/23 31/3/22
Notes £    £   

TURNOVER 2,664,629 1,945,175

Cost of sales (2,249,081 ) (1,663,775 )
GROSS PROFIT 415,548 281,400

Administrative expenses (117,196 ) (128,987 )
298,352 152,413

Other operating income - 36,508
OPERATING PROFIT and
PROFIT BEFORE TAXATION 298,352 188,921

Tax on profit 5 (97,380 ) -
PROFIT FOR THE FINANCIAL YEAR 200,972 188,921

R. HOGG & SONS LIMITED (REGISTERED NUMBER: NI003866)

Balance Sheet
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 219,810 312,293

CURRENT ASSETS
Debtors 7 225,074 221,505
Cash at bank 118,057 16,433
343,131 237,938
CREDITORS
Amounts falling due within one year 8 514,040 714,765
NET CURRENT LIABILITIES (170,909 ) (476,827 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,901

(164,534

)

CREDITORS
Amounts falling due after more than one
year

9

(19,798

)

(30,456

)

PROVISIONS FOR LIABILITIES (23,121 ) -
NET ASSETS/(LIABILITIES) 5,982 (194,990 )

CAPITAL AND RESERVES
Called up share capital 10 27,012 27,012
Retained earnings (21,030 ) (222,002 )
SHAREHOLDERS' FUNDS 5,982 (194,990 )

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

The financial statements were approved by the director and authorised for issue on 15 November 2023 and were signed by:





Raymond Hogg - Director


R. HOGG & SONS LIMITED (REGISTERED NUMBER: NI003866)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

R. Hogg & Sons Limited is a private company, limited by shares , registered in Northern Ireland. 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 - 15% straight line
Steel moulds - 20% straight line
Mobile plant - 20% straight line

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

R. HOGG & SONS LIMITED (REGISTERED NUMBER: NI003866)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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 9 (2022 - 10 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31/3/23 31/3/22
£    £   
Depreciation - owned assets 92,483 92,483
Job Retention Scheme grants - 36,508

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31/3/23 31/3/22
£    £   
Current tax:
Deferred tax 23,121 -
Group loss relief 74,259 -

Tax on profit 97,380 -

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31/3/23 31/3/22
£    £   
Profit before tax 298,352 188,921
Profit multiplied by the standard rate of corporation tax in the UK of
19% (2022 - 19%)

56,687

35,895

Effects of:
Expenses not deductible for tax purposes 17,572 17,572
Utilisation of tax losses (74,259 ) (53,467 )
Group loss relief from fellow subsidiary 74,259 -
Deferred tax 23,121 -
Total tax charge 97,380 -

R. HOGG & SONS LIMITED (REGISTERED NUMBER: NI003866)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 543,500
DEPRECIATION
At 1 April 2022 231,207
Charge for year 92,483
At 31 March 2023 323,690
NET BOOK VALUE
At 31 March 2023 219,810
At 31 March 2022 312,293

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Amounts owed by group undertakings 160,415 166,998
Other debtors 64,659 54,507
225,074 221,505

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 10,663 10,663
Trade creditors - 1,410
Amounts owed to group undertakings 269,712 516,712
Taxation and social security 171,285 131,399
Other creditors 62,380 54,581
514,040 714,765

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans 19,798 30,456

R. HOGG & SONS LIMITED (REGISTERED NUMBER: NI003866)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
27,002 Ordinary £1 27,002 27,002
10 Ordinary 'A' £1 10 10
27,012 27,012

.

11. ULTIMATE PARENT COMPANY

The controlling party is Reginald Hogg Holdings Limited.

12. SECURED ASSETS

On 10 July 2002 the company granted a floating charge over its assets as security for a loan given by the holding company, Reginald Hogg Holdings Limited.

13. RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemptions from disclosing related party transactions under FRS102 on the grounds that consolidated financial statements are prepared by the ultimate holding company, Reginald Hogg Holdings Limited.