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Registered number: 06592315

Hudson Motors Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

Hudson Motors Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
Christopher David Priestley
REGISTERED OFFICE
1 Clifton Grove
Skegness
Lincolnshire
PE25 3HB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06592315
BANKERS
Barclays Bank plc
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

Hudson Motors Ltd

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Hudson Motors Ltd

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Intangible assets211,25015,000
Tangible assets3138,763121,164
150,013136,164
CURRENT ASSETS
Stock2,0232,902
Debtors54,06510,322
Cash at bank and in hand77,57227,726
83,66040,950
CREDITORS: Amounts falling due within one year645,31146,157
NET CURRENT ASSETS / (LIABILITIES)38,349(5,207)
TOTAL ASSETS LESS CURRENT LIABILITIES188,362130,957
PROVISIONS FOR LIABILITIES AND CHARGES820,809-
NET ASSETS167,553130,957
CAPITAL AND RESERVES
Called up share capital911
Profit and loss account167,552130,956
SHAREHOLDERS' FUNDS167,553130,957
For the year ending 31/05/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/01/2025 and signed on their behalf by
.............................
Christopher David Priestley
Director

Hudson Motors Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (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.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1f. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating to either revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Hudson Motors Ltd

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/06/202345,03445,034
At 31/05/202445,03445,034
Depreciation
At 01/06/202330,03430,034
For the year3,7503,750
At 31/05/202433,78433,784
Net Book Amounts
At 31/05/202411,25011,250
At 31/05/202315,00015,000
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/06/2023216,0873,289219,376
Additions72,862-72,862
Disposals(12,000)-(12,000)
At 31/05/2024276,9493,289280,238
Depreciation
At 01/06/202395,5982,61498,212
Disposals(3,000)-(3,000)
For the year46,09217146,263
At 31/05/2024138,6902,785141,475
Net Book Amounts
At 31/05/2024138,259504138,763
At 31/05/2023120,489675121,164
4. STOCK 20242023
££
Stock comprises:
Stock2,0232,902
2,0232,902

Hudson Motors Ltd

5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors3,5585,806
VAT-3,720
PAYE control333333
Prepayments174463
4,06510,322
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT10,217-
Pension control318280
Directors current account16,43235,371
Trade creditors15,0355,837
Accruals3,3094,669
45,31146,157
7. EMPLOYEES
20242023
No.No.
Average number of employees44
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation20,809-
20,809-

Hudson Motors Ltd

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11