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Company No: 02334889 (England and Wales)

HOSE & GENERAL SUPPLIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

HOSE & GENERAL SUPPLIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

HOSE & GENERAL SUPPLIES LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2025
HOSE & GENERAL SUPPLIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2025
Directors Mr J T Murray
Mrs M O Murray
Secretary Mr J T Murray
Registered office 9 Donnington Park
85 Birdham Road
Chichester
PO20 7AJ
United Kingdom
Company number 02334889 (England and Wales)
Accountant Kreston Reeves LLP
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
HOSE & GENERAL SUPPLIES LIMITED

BALANCE SHEET

As at 31 January 2025
HOSE & GENERAL SUPPLIES LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 38 45
38 45
Current assets
Stocks 34,102 34,867
Debtors 4 7,848 7,643
Cash at bank and in hand 264,759 267,471
306,709 309,981
Creditors: amounts falling due within one year 5 ( 306,032) ( 308,205)
Net current assets 677 1,776
Total assets less current liabilities 715 1,821
Net assets 715 1,821
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 615 1,721
Total shareholders' funds 715 1,821

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hose & General Supplies Limited (registered number: 02334889) were approved and authorised for issue by the Board of Directors on 23 May 2025. They were signed on its behalf by:

Mr J T Murray
Director
HOSE & GENERAL SUPPLIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
HOSE & GENERAL SUPPLIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hose & General Supplies Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9 Donnington Park, 85 Birdham Road, Chichester, PO20 7AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 01 February 2024 1,999 1,950 3,949
At 31 January 2025 1,999 1,950 3,949
Accumulated depreciation
At 01 February 2024 1,964 1,940 3,904
Charge for the financial year 5 2 7
At 31 January 2025 1,969 1,942 3,911
Net book value
At 31 January 2025 30 8 38
At 31 January 2024 35 10 45

4. Debtors

2025 2024
£ £
Trade debtors 6,925 6,643
Prepayments 923 1,000
7,848 7,643

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 2,722 2,346
Amounts owed to directors 299,461 300,361
Accruals 2,640 2,650
Corporation tax 453 1,932
Other taxation and social security 756 916
306,032 308,205

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Financial commitments

Other financial commitments

The total amount of financial commitments, guarantees and contingencies not included in the balance sheet as at the year end amounted to £38,667 (2023 - £53,167)

8. Related party transactions

**J T Murray and Mrs M O Murray**
Directors and Shareholders
At the balance sheet date the amount due to J T Murray and Mrs M O Murray was £299,461 (2024 - £300,361).