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REGISTERED NUMBER: 01277042 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 MAY 2024 TO 31 JANUARY 2025

FOR

MICHAEL HOGGARD LIMITED

MICHAEL HOGGARD LIMITED (REGISTERED NUMBER: 01277042)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MAY 2024 TO 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

MICHAEL HOGGARD LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 MAY 2024 TO 31 JANUARY 2025







DIRECTORS: D G Hoggard
J M Hoggard





SECRETARY: Mrs L Hoggard





REGISTERED OFFICE: Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN





REGISTERED NUMBER: 01277042 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN

MICHAEL HOGGARD LIMITED (REGISTERED NUMBER: 01277042)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 20,987 24,983

CURRENT ASSETS
Debtors 5 16,143 62,701
Cash at bank and in hand 3,409 19,507
19,552 82,208
CREDITORS
Amounts falling due within one year 6 43,138 98,910
NET CURRENT LIABILITIES (23,586 ) (16,702 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,599

)

8,281

PROVISIONS FOR LIABILITIES - 1,255
NET (LIABILITIES)/ASSETS (2,599 ) 7,026

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings (2,611 ) 7,014
SHAREHOLDERS' FUNDS (2,599 ) 7,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 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.

MICHAEL HOGGARD LIMITED (REGISTERED NUMBER: 01277042)

BALANCE SHEET - continued
31 JANUARY 2025


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 29 May 2025 and were signed on its behalf by:





J M Hoggard - Director


MICHAEL HOGGARD LIMITED (REGISTERED NUMBER: 01277042)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MAY 2024 TO 31 JANUARY 2025


1. STATUTORY INFORMATION

Michael Hoggard 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.

The directors have made an assessment in preparing these financial statements as to whether the company is a going concern. The Company ceased to trade on 8 January 2025 and the intention of it's directors is to close the Company within the next financial year, once the outstanding debtors and creditors have been settled. As such, the financial statements have been prepared on the basis other than going concern. This basis includes, where applicable, writing the company's assets down to net realisable value. No provisions have been made for the future costs of terminating the business unless such costs were committed at the reporting date.

Turnover
Turnover is the amount derived from ordinary activities and is stated after trade discounts, other sales taxes and net of value added tax. Profit or losses arising on long term projects are recognised only to the extent that there is reasonable certainty that such will arise, based on the stage of completion.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, depreciation is provided on the following basis:

Plant & machinery - 10% on cost
Motor Vehicles - 25% reducing balance
Computer Equipment - 15% reducing balance
Leasehold Improvements - 10% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Financial instruments
Short term debtors and creditors are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

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.


MICHAEL HOGGARD LIMITED (REGISTERED NUMBER: 01277042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MAY 2024 TO 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Leasehold
Office Fixtures
and Plant and and Motor
Workshop machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 31 May 2024
and 31 January 2025 52,005 6,426 1,181 34,030 93,642
DEPRECIATION
At 31 May 2024 30,529 3,643 888 33,599 68,659
Charge for period 3,467 428 29 72 3,996
At 31 January 2025 33,996 4,071 917 33,671 72,655
NET BOOK VALUE
At 31 January 2025 18,009 2,355 264 359 20,987
At 30 May 2024 21,476 2,783 293 431 24,983

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 7,199
Other debtors 16,143 55,502
16,143 62,701

MICHAEL HOGGARD LIMITED (REGISTERED NUMBER: 01277042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MAY 2024 TO 31 JANUARY 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 2,676 4,707
Other creditors 40,462 94,203
43,138 98,910

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 January 2025 and the year ended 30 May 2024:

2025 2024
£    £   
D G Hoggard
Balance outstanding at start of period 26,451 14,080
Amounts advanced 16,252 26,451
Amounts repaid (36,451 ) (14,080 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 6,252 26,451

J M Hoggard
Balance outstanding at start of period 26,452 14,202
Amounts advanced 16,217 26,452
Amounts repaid (36,452 ) (14,202 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 6,217 26,452

The loans are repayable on demand. When the loan is in credit no interest is paid to the directors. When the loan is overdrawn interest is payable to the company at the HMRC official rate of interest.

8. RELATED PARTY DISCLOSURES

As at 31 January 2025, the Company owed £34,420 (2024: £87,324) to Mrs Julia Hoggard, a parent of the directors. This amount is unsecured, interest-free and repayable on demand

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MICHAEL HOGGARD LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Michael Hoggard Limited for the period ended 31 January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Michael Hoggard Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Michael Hoggard Limited and state those matters that we have agreed to state to the Board of Directors of Michael Hoggard Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Michael Hoggard Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Michael Hoggard Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Michael Hoggard Limited. You consider that Michael Hoggard Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Michael Hoggard Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN


21 June 2025