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REGISTERED NUMBER: 05492802
























P J Hodge & Sons Limited

Financial Statements for the Year Ended 31st July 2024






P J Hodge & Sons Limited (Registered number: 05492802)

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










Page

Company information 1

Abridged balance sheet 2

Notes to the financial statements 4


P J Hodge & Sons Limited

Company Information
for the Year Ended 31st July 2024







Director: O. Hodge





Registered office: Unit 20 Millbrook Close
St James Mill Business Park
Northampton
NN5 5JF





Registered number: 05492802





Accountants: A.J. Lewis
Chartered Accountant
Lewis & Son Accountants Limited
37 Stoke Road
Blisworth
Northampton
NN7 3BZ

P J Hodge & Sons Limited (Registered number: 05492802)

Abridged Balance Sheet
31st July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 3 30,157 25,456

Current assets
Stocks 8,851 9,235
Debtors 58,472 60,392
Cash at bank 293,964 310,619
361,287 380,246
Creditors
Amounts falling due within one year 101,468 96,032
Net current assets 259,819 284,214
Total assets less current liabilities 289,976 309,670

Provisions for liabilities 6,166 4,903
Net assets 283,810 304,767

Capital and reserves
Called up share capital 5 5
Capital redemption reserve 95 95
Retained earnings 283,710 304,667
283,810 304,767

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

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

P J Hodge & Sons Limited (Registered number: 05492802)

Abridged Balance Sheet - continued
31st July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 31st July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st January 2025 and were signed by:





O. Hodge - Director


P J Hodge & Sons Limited (Registered number: 05492802)

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


1. 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.

Revenue recognition
The company recognises revenue to the extent that it obtains the right to consideration in exchange for its performance under contract. The right to consideration arises when some, but not necessarily all, of the contractual obligations have been fulfilled.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & equipment - 25% on cost
Office equipment - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between the contributions payable and the contributions actually paid in the year are shown as either accruals or prepayments at the year end.

P J Hodge & Sons Limited (Registered number: 05492802)

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


2. Employees and directors

The average number of employees during the year was 7 (2023 - 7 ) .

3. Tangible fixed assets
Totals
£   
Cost
At 1st August 2023 332,036
Additions 18,789
At 31st July 2024 350,825
Depreciation
At 1st August 2023 306,580
Charge for year 14,088
At 31st July 2024 320,668
Net book value
At 31st July 2024 30,157
At 31st July 2023 25,456