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REGISTERED NUMBER: 09413879 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Hobbs Read Limited

Hobbs Read Limited (Registered number: 09413879)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hobbs Read Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: M E Hobbs
J Read





REGISTERED OFFICE: Honeywood,
Earls Colne Business Park
Earls Colne
Colchester
Essex
CO6 2NS





REGISTERED NUMBER: 09413879 (England and Wales)





ACCOUNTANTS: Tile & Co Essex Ltd
Warden House
37 Manor Road
Colchester
Essex
CO3 3LX

Hobbs Read Limited (Registered number: 09413879)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
CURRENT ASSETS
Stocks 9,403 -
Debtors 5 82,088 24,118
Cash at bank and in hand 83,448 103,492
174,939 127,610
CREDITORS
Amounts falling due within one year 6 114,863 80,278
NET CURRENT ASSETS 60,076 47,332
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,076

47,332

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 59,976 47,232
SHAREHOLDERS' FUNDS 60,076 47,332

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 17 January 2025 and were signed on its behalf by:




M E Hobbs - Director



J Read - Director


Hobbs Read Limited (Registered number: 09413879)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Hobbs Read 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced.

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

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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

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.

Hobbs Read Limited (Registered number: 09413879)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 431
DEPRECIATION
At 1 May 2023
and 30 April 2024 431
NET BOOK VALUE
At 30 April 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,893 7,979
Amounts owed by participating interests 43,169 331
Other debtors 37,026 15,808
82,088 24,118

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 14,326 1,711
Amounts owed to participating interests - 22,558
Taxation and social security 2,989 3,545
Other creditors 97,548 52,464
114,863 80,278