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COMPANY REGISTRATION NUMBER: 07108955
Christopher Hodgson Limited
Filleted Unaudited Financial Statements
29 February 2024
Christopher Hodgson Limited
Financial Statements
Year ended 29 February 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Christopher Hodgson Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
193,760
221,440
Tangible assets
6
306,382
316,496
---------
---------
500,142
537,936
Current assets
Debtors
7
82,783
70,924
Cash at bank and in hand
47,176
100,805
---------
---------
129,959
171,729
Creditors: amounts falling due within one year
8
146,477
130,402
---------
---------
Net current (liabilities)/assets
( 16,518)
41,327
---------
---------
Total assets less current liabilities
483,624
579,263
---------
---------
Net assets
483,624
579,263
---------
---------
Capital and reserves
Called up share capital
200
200
Profit and loss account
483,424
579,063
---------
---------
Shareholders funds
483,624
579,263
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Christopher Hodgson Limited
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 15 November 2024 , and are signed on behalf of the board by:
Mr W G Roalfe
Director
Company registration number: 07108955
Christopher Hodgson Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, CT1 3DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Leasehold properties are included in the balance sheet at cost and no depreciation is provided. In the opinion of the directors a regular policy of maintenance and repair is applied to these properties so their value at cost is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. If this departure from the act had not been made, the value for leasehold buildings for the year would have been reduced by the depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
15% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2023: 12 ).
5. Intangible assets
Goodwill
£
Cost
At 1 March 2023 and 29 February 2024
762,775
---------
Amortisation
At 1 March 2023
541,335
Charge for the year
27,680
---------
At 29 February 2024
569,015
---------
Carrying amount
At 29 February 2024
193,760
---------
At 28 February 2023
221,440
---------
6. Tangible assets
Leasehold Property
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 March 2023
161,176
102,213
134,238
397,627
Additions
2,609
2,609
---------
---------
---------
---------
At 29 February 2024
161,176
104,822
134,238
400,236
---------
---------
---------
---------
Depreciation
At 1 March 2023
74,419
6,712
81,131
Charge for the year
6,011
6,712
12,723
---------
---------
---------
---------
At 29 February 2024
80,430
13,424
93,854
---------
---------
---------
---------
Carrying amount
At 29 February 2024
161,176
24,392
120,814
306,382
---------
---------
---------
---------
At 28 February 2023
161,176
27,794
127,526
316,496
---------
---------
---------
---------
7. Debtors
2024
2023
£
£
Trade debtors
75,955
65,269
Other debtors
6,828
5,655
--------
--------
82,783
70,924
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
87,725
100,366
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,817
1,894
Corporation tax
25,079
8,630
Social security and other taxes
28,856
17,212
Other creditors
3,000
2,300
---------
---------
146,477
130,402
---------
---------
9. Controlling party
The ultimate parent company is Roalfe Holdings Limited , a company registered in England & Wales. The registered address of the ultimate controlling party is: Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN .