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REGISTERED NUMBER: 13513406 (England and Wales)












James Hodgson Limited

Unaudited Financial Statements

for the Year Ended 30th April 2024






James Hodgson Limited (Registered number: 13513406)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


James Hodgson Limited

Company Information
for the Year Ended 30th April 2024







DIRECTOR: J P D Hodgson FCA





REGISTERED OFFICE: 48 Arwenack Street
Falmouth
Cornwall
TR11 3JH





REGISTERED NUMBER: 13513406 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

James Hodgson Limited (Registered number: 13513406)

Statement of Financial Position
30th April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 200,000 225,000
Tangible assets 5 11,806 7,002
211,806 232,002

CURRENT ASSETS
Stocks 76,654 79,758
Debtors 6 171,330 177,222
Cash at bank and in hand 93,935 98,120
341,919 355,100
CREDITORS
Amounts falling due within one year 7 (454,323 ) (535,885 )
NET CURRENT LIABILITIES (112,404 ) (180,785 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,402

51,217

CAPITAL AND RESERVES
Called up share capital 10,000 1
Retained earnings 89,402 51,216
99,402 51,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9th January 2025 and were signed by:



J P D Hodgson FCA - Director


James Hodgson Limited (Registered number: 13513406)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

James Hodgson 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stock & work in progress
Work in progress is valued at the lower of cost and estimated fee chargeable less costs expected to be incurred to completion.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

James Hodgson Limited (Registered number: 13513406)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 21 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 250,000
AMORTISATION
At 1st May 2023 25,000
Charge for year 25,000
At 30th April 2024 50,000
NET BOOK VALUE
At 30th April 2024 200,000
At 30th April 2023 225,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st May 2023 4,486 4,850 9,336
Additions 7,902 1,615 9,517
At 30th April 2024 12,388 6,465 18,853
DEPRECIATION
At 1st May 2023 1,121 1,213 2,334
Charge for year 3,097 1,616 4,713
At 30th April 2024 4,218 2,829 7,047
NET BOOK VALUE
At 30th April 2024 8,170 3,636 11,806
At 30th April 2023 3,365 3,637 7,002

James Hodgson Limited (Registered number: 13513406)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 123,753 125,130
Other debtors 47,577 52,092
171,330 177,222

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 52,880 58,824
Tax 45,951 28,273
Social security and other taxes 9,431 10,225
VAT 30,946 29,478
Other creditors 316 -
Directors' current accounts 314,385 408,035
Accrued expenses 414 1,050
454,323 535,885

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 18,000 -
Between one and five years 72,000 -
In more than five years 36,000 -
126,000 -

9. SECURED DEBTS

The company has given a debenture in favour of HSBC UK Bank plc.