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REGISTERED NUMBER: 06656334 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

TEJ Hobbs Limited

TEJ Hobbs Limited (Registered number: 06656334)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TEJ Hobbs Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T E J Hobbs
Miss L Cooper





SECRETARY:





REGISTERED OFFICE: 141 Englishcombe Lane
Bath
BA2 2EL





REGISTERED NUMBER: 06656334 (England and Wales)





ACCOUNTANTS: OCL Accountancy
141 Englishcombe Lane
Bath
BA2 2EL

TEJ Hobbs Limited (Registered number: 06656334)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 696,046 584,737

CURRENT ASSETS
Debtors 5 165,174 187,579
Cash at bank 28,935 21,952
194,109 209,531
CREDITORS
Amounts falling due within one year 6 465,333 393,967
NET CURRENT LIABILITIES (271,224 ) (184,436 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

424,822

400,301

CREDITORS
Amounts falling due after more than one year 7 (343,877 ) (340,422 )

PROVISIONS FOR LIABILITIES (79,814 ) (58,851 )
NET ASSETS 1,131 1,028

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,031 928
SHAREHOLDERS' FUNDS 1,131 1,028

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

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

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 9 August 2024 and were signed on its behalf by:





T E J Hobbs - Director


TEJ Hobbs Limited (Registered number: 06656334)

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

1. STATUTORY INFORMATION

TEJ Hobbs 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance and 15% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2022 - 6 ) .

TEJ Hobbs Limited (Registered number: 06656334)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 995,685
Additions 238,251
At 31 December 2023 1,233,936
DEPRECIATION
At 1 January 2023 410,948
Charge for year 126,942
At 31 December 2023 537,890
NET BOOK VALUE
At 31 December 2023 696,046
At 31 December 2022 584,737

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 882,663
Additions 235,926
Transfer to ownership (61,000 )
At 31 December 2023 1,057,589
DEPRECIATION
At 1 January 2023 328,628
Charge for year 117,825
Transfer to ownership (33,934 )
At 31 December 2023 412,519
NET BOOK VALUE
At 31 December 2023 645,070
At 31 December 2022 554,035

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 156,018 185,079
Other debtors 9,156 2,500
165,174 187,579

TEJ Hobbs Limited (Registered number: 06656334)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 13,420 13,420
Hire purchase contracts 233,449 145,460
Trade creditors 96,407 164,540
Taxation and social security 39,450 35,566
Other creditors 82,607 34,981
465,333 393,967

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 20,587 34,317
Hire purchase contracts 323,290 306,105
343,877 340,422

8. ULTIMATE CONTROLLING PARTY

The controlling party is T E J Hobbs.