1 February 2023 false No description of principal activity Taxfiler 2024.5 02081475business:PrivateLimitedCompanyLtd2023-02-012024-01-31 020814752023-01-31 020814752023-02-012024-01-31 02081475business:AuditExemptWithAccountantsReport2023-02-012024-01-31 02081475business:FilletedAccounts2023-02-012024-01-31 020814752024-01-31 020814752023-01-31 02081475core:WithinOneYear2024-01-31 02081475core:WithinOneYear2023-01-31 02081475core:AfterOneYear2024-01-31 02081475core:AfterOneYear2023-01-31 02081475core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 02081475core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 02081475core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 02081475core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 02081475core:PreviouslyStatedAmount2024-01-31 02081475core:PreviouslyStatedAmount2023-01-31 02081475business:SmallEntities2023-02-012024-01-31 02081475business:Director22023-02-012024-01-31 02081475countries:EnglandWales2023-02-012024-01-31 02081475business:RegisteredOffice2023-02-012024-01-31 02081475core:Goodwill2023-01-31 02081475core:Goodwill2024-01-31 02081475core:PlantMachinery2023-01-31 02081475core:MotorVehicles2023-01-31 02081475core:FurnitureFittings2023-01-31 02081475core:PlantMachinery2023-02-012024-01-31 02081475core:MotorVehicles2023-02-012024-01-31 02081475core:FurnitureFittings2023-02-012024-01-31 02081475core:PlantMachinery2024-01-31 02081475core:MotorVehicles2024-01-31 02081475core:FurnitureFittings2024-01-31 020814752022-02-012023-01-31 iso4217:GBP xbrli:pure
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
Page
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W.H. Hodder and Son Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,000 
10,000 
Tangible assets
97,285 
101,109 
107,285 
111,109 
Current assets
Inventories
113,691 
1,797,856 
Debtors
3,972,067 
1,115,400 
Cash at bank and in hand
181,760 
415,067 
4,267,518 
3,328,323 
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 
Capital and reserves
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
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W.H. Hodder and Son Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
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 recognition
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
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
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.
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W.H. Hodder and Son Limited Notes to the Accounts for the year ended 31 January 2024
Taxation
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.
Pensions
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.
Presentation currency
The accounts are presented in £ sterling.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
10,000 
At 31 January 2024
10,000 
Amortisation
At 1 February 2023
- 
At 31 January 2024
- 
Net book value
At 31 January 2024
10,000 
At 31 January 2023
10,000 
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W.H. Hodder and Son Limited Notes to the Accounts for the year ended 31 January 2024
5
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 
Depreciation
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 
Net book value
At 31 January 2024
36,252 
57,596 
3,437 
97,285 
At 31 January 2023
38,855 
58,435 
3,819 
101,109 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
3,968,954 
1,112,908 
Other debtors
3,113 
2,492 
3,972,067 
1,115,400 
7
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 
506,362 
389,403 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
15,094 
19,857 
9
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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