Registered number
05530196
Hogbens Dunphy Limited
Filleted Accounts
31 August 2024
Hogbens Dunphy Limited
Registered number: 05530196
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 28,356 17,287
28,356 17,287
Current assets
Debtors 4 858,475 831,712
Cash at bank and in hand 560 135,650
859,035 967,362
Creditors: amounts falling due within one year 5 (331,253) (322,366)
Net current assets 527,782 644,996
Total assets less current liabilities 556,138 662,283
Provisions for liabilities (4,223) (3,646)
Net assets 551,915 658,637
Capital and reserves
Called up share capital 100 100
Profit and loss account 551,815 658,537
Shareholders' funds 551,915 658,637
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R P Wadhams
Director
Approved by the board on 10 March 2025
Hogbens Dunphy Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
I T Equipment 25% straight line
Fixtures & Fittings 10% straight line
Office Equipment 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 19
3 Tangible fixed assets
Fixture and Fittings Plant and machinery etc Office Equipment Total
£ £ £ £
Cost
At 1 September 2023 18,713 46,405 3,178 68,296
Additions 18,298 1,193 - 19,491
Disposals - - - -
At 31 August 2024 37,011 47,598 3,178 87,787
Depreciation
At 1 September 2023 15,563 32,268 3,178 51,009
Charge for the year 2,325 6,097 - 8,422
On disposals - - - -
At 31 August 2024 17,888 38,365 3,178 59,431
Net book value
At 31 August 2024 19,123 9,233 - 28,356
At 31 August 2023 3,150 14,137 - 17,287
4 Debtors 2024 2023
£ £
Trade debtors 225,808 214,366
Other debtors 632,667 617,346
858,475 831,712
Amounts due after more than one year included above - -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 38,752 30,000
Trade creditors 91,800 57,253
Taxation and social security costs 141,114 158,450
Other creditors 59,587 76,663
331,253 322,366
6 Other information
Hogbens Dunphy Limited is a private company limited by shares and incorporated in England. Its registered office is:
Third Floor
104-108 Oxofrd Street
London
W1D 1LP
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