Company Registration No. 02081475 (England and Wales)
W.H. Hodder and Son Limited
Unaudited accounts
for the year ended 31 January 2024
W.H. Hodder and Son Limited
Unaudited accounts
Contents
W.H. Hodder and Son Limited
Statement of financial position
as at 31 January 2024
Intangible assets
10,000
10,000
Tangible assets
97,285
101,109
Inventories
113,691
1,797,856
Debtors
3,972,067
1,115,400
Cash at bank and in hand
181,760
415,067
Creditors: amounts falling due within one year
(506,362)
(389,403)
Net current assets
3,761,156
2,938,920
Total assets less current liabilities
3,868,441
3,050,029
Creditors: amounts falling due after more than one year
(15,094)
(19,857)
Net assets
3,853,347
3,030,172
Called up share capital
100
100
Profit and loss account
3,853,247
3,030,072
Shareholders' funds
3,853,347
3,030,172
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by
C W VOCKINS
Director
Company Registration No. 02081475
W.H. Hodder and Son Limited
Notes to the Accounts
for the year ended 31 January 2024
W.H. Hodder and Son Limited is a private company, limited by shares, registered in England and Wales, registration number 02081475. The registered office is Unit 3, Wallcrouch Business Centre, Wallcrouch, Wadhurst, East Sussex, TN5 7JR.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Sections 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and similar allowances.
Revenue from the sale of services is recognised when the services are delivered.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a straight line basis at rates of 25% per annum.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Leasing and hire purchase contracts
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under hire purchase contracts are depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lesser are charged to profit and loss account as incurred.
Stocks are stated at the lower of costs and net realisable value. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
W.H. Hodder and Son Limited
Notes to the Accounts
for the year ended 31 January 2024
Taxation represents the sum of tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred taxation is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and laws) that have been enacted or substantively enacted by the end of the reporting period.
The company operates a defined contribution pension scheme and the pension charged represents the amounts payable by the company to the fund in respect of the year.
The accounts are presented in £ sterling.
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Intangible fixed assets
Goodwill
W.H. Hodder and Son Limited
Notes to the Accounts
for the year ended 31 January 2024
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
101,161
215,558
19,081
335,800
Additions
1,425
17,250
-
18,675
Disposals
-
(6,600)
-
(6,600)
At 31 January 2024
102,586
226,208
19,081
347,875
At 1 February 2023
62,306
157,123
15,262
234,691
Charge for the year
4,028
14,512
382
18,922
On disposals
-
(3,023)
-
(3,023)
At 31 January 2024
66,334
168,612
15,644
250,590
At 31 January 2024
36,252
57,596
3,437
97,285
At 31 January 2023
38,855
58,435
3,819
101,109
Amounts falling due after more than one year
Trade debtors
3,968,954
1,112,908
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
134,852
100,021
Taxes and social security
335,249
193,437
Other creditors
36,261
95,945
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
15,094
19,857
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Average number of employees
During the year the average number of employees was 13 (2023: 13).