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REGISTERED NUMBER: 04598307 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

Russell Hogg & Sons Ltd

Russell Hogg & Sons Ltd (Registered number: 04598307)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Russell Hogg & Sons Ltd

Company Information
for the Year Ended 31st December 2023







DIRECTORS: B Hogg
C R Hogg





SECRETARY: B Hogg





REGISTERED OFFICE: The Old Council Yard
Crackenthorpe
Appleby
Cumbria
CA16 6AE





REGISTERED NUMBER: 04598307 (England and Wales)





ACCOUNTANTS: Noble Accountants ltd
Tarn Villa
Culgaith
Penrith
Cumbria
CA10 1QL

Russell Hogg & Sons Ltd (Registered number: 04598307)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 193,857 256,896
193,857 256,896

CURRENT ASSETS
Stocks 84,172 38,569
Debtors 6 317,917 326,863
Cash at bank 294,298 162,238
696,387 527,670
CREDITORS
Amounts falling due within one year 7 275,017 246,451
NET CURRENT ASSETS 421,370 281,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

615,227

538,115

CREDITORS
Amounts falling due after more than one
year

8

(22,419

)

(32,187

)

PROVISIONS FOR LIABILITIES (48,464 ) (48,810 )
NET ASSETS 544,344 457,118

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 544,244 457,018
SHAREHOLDERS' FUNDS 544,344 457,118

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

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

Russell Hogg & Sons Ltd (Registered number: 04598307)

Balance Sheet - continued
31st December 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 15th April 2024 and were signed on its behalf by:




B Hogg - Director



C R Hogg - Director


Russell Hogg & Sons Ltd (Registered number: 04598307)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Russell Hogg & 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Russell Hogg & Sons Ltd (Registered number: 04598307)

Notes to the Financial Statements - continued
for the Year Ended 31st December 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 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 300,000
AMORTISATION
At 1st January 2023
and 31st December 2023 300,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1st January 2023 19,889 390,944 815,950 1,226,783
Additions - 1,580 - 1,580
At 31st December 2023 19,889 392,524 815,950 1,228,363
DEPRECIATION
At 1st January 2023 19,889 322,383 627,615 969,887
Charge for year - 17,535 47,084 64,619
At 31st December 2023 19,889 339,918 674,699 1,034,506
NET BOOK VALUE
At 31st December 2023 - 52,606 141,251 193,857
At 31st December 2022 - 68,561 188,335 256,896

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 310,559 321,052
Other debtors 7,358 5,811
317,917 326,863

Russell Hogg & Sons Ltd (Registered number: 04598307)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,964 27,140
Hire purchase contracts - 2,500
Trade creditors 162,988 151,320
Taxation and social security 72,268 24,566
Other creditors 29,797 40,925
275,017 246,451

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,419 32,187