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REGISTERED NUMBER: 08177050 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2024

for

Lodge & Hicks Ltd

Lodge & Hicks Ltd (Registered number: 08177050)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

Lodge & Hicks Ltd

Company Information
for the Year Ended 31st August 2024







DIRECTORS: A Lodge
Mrs C E Lodge





REGISTERED OFFICE: 3 Toltuff Crescent
Alverton
Penzance
Cornwall
TR18 4QD





REGISTERED NUMBER: 08177050 (England and Wales)





ACCOUNTANTS: Lodge & Hicks Ltd
Chartered Certified Accountants
3 Toltuff Crescent
Alverton
Penzance
Cornwall
TR18 4QD

Lodge & Hicks Ltd (Registered number: 08177050)

Balance Sheet
31st August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 825 1,349

CURRENT ASSETS
Stocks 210 2,421
Debtors 5 63,382 66,157
Cash at bank 10,879 8,857
74,471 77,435
CREDITORS
Amounts falling due within one year 6 7,538 11,011
NET CURRENT ASSETS 66,933 66,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,758

67,773

PROVISIONS FOR LIABILITIES 157 256
NET ASSETS 67,601 67,517

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 67,571 67,487
SHAREHOLDERS' FUNDS 67,601 67,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 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.

Lodge & Hicks Ltd (Registered number: 08177050)

Balance Sheet - continued
31st August 2024


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 21st November 2024 and were signed on its behalf by:





A Lodge - Director


Lodge & Hicks Ltd (Registered number: 08177050)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Lodge & Hicks 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and not provided

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Lodge & Hicks Ltd (Registered number: 08177050)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2023
and 31st August 2024 7,366
DEPRECIATION
At 1st September 2023 6,017
Charge for year 524
At 31st August 2024 6,541
NET BOOK VALUE
At 31st August 2024 825
At 31st August 2023 1,349

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 109 1,404
Other debtors 63,273 64,753
63,382 66,157

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 459 4,119
Taxation and social security 2,556 1,372
Other creditors 4,523 5,520
7,538 11,011

7. RELATED PARTY DISCLOSURES

Included within other debtors is a loan to the directors of £45,973 [2023: £43,716] at the balance sheet date. Interest is being charged at the official rate. The loan is repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr and Mrs Lodge.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lodge & Hicks Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lodge & Hicks Ltd for the year ended 31st August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Lodge & Hicks Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lodge & Hicks Ltd and state those matters that we have agreed to state to the Board of Directors of Lodge & Hicks Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lodge & Hicks Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lodge & Hicks Ltd. You consider that Lodge & Hicks Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lodge & Hicks Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lodge & Hicks Ltd
Chartered Certified Accountants
3 Toltuff Crescent
Alverton
Penzance
Cornwall
TR18 4QD


21st November 2024