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REGISTERED NUMBER: 05017112 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 January 2025

for

Hodge Electrical & Mechanical Ltd

Hodge Electrical & Mechanical Ltd (Registered number: 05017112)






Contents of the Financial Statements
For The Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hodge Electrical & Mechanical Ltd

Company Information
For The Year Ended 31 January 2025







DIRECTOR: K Hodge





REGISTERED OFFICE: Lower Castle Cottage
Trematon
Saltash
Cornwall
PL12 4QW





REGISTERED NUMBER: 05017112 (England and Wales)





ACCOUNTANTS: TC Bromhead Limited
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

Hodge Electrical & Mechanical Ltd (Registered number: 05017112)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 73,058 103,750
73,058 103,750

CURRENT ASSETS
Stocks 98,468 114,206
Debtors 6 955,293 984,657
Cash at bank and in hand 308,602 358,438
1,362,363 1,457,301
CREDITORS
Amounts falling due within one year 7 773,860 923,381
NET CURRENT ASSETS 588,503 533,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

661,561

637,670

PROVISIONS FOR LIABILITIES 16,989 22,758
NET ASSETS 644,572 614,912

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 644,472 614,812
644,572 614,912

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2025 and were signed by:





K Hodge - Director


Hodge Electrical & Mechanical Ltd (Registered number: 05017112)

Notes to the Financial Statements
For The Year Ended 31 January 2025

1. STATUTORY INFORMATION

Hodge Electrical & Mechanical Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicles - 25% on cost
Plant and Machinery - 20% on cost
Computer Equipment - 33% on cost
Leasehold additions - 20% on cost

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

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 34 ) .

Hodge Electrical & Mechanical Ltd (Registered number: 05017112)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 100,000
AMORTISATION
At 1 February 2024
and 31 January 2025 100,000
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 6,895 596,767 603,662
Additions - 2,285 2,285
Disposals - (5,652 ) (5,652 )
At 31 January 2025 6,895 593,400 600,295
DEPRECIATION
At 1 February 2024 4,137 495,775 499,912
Charge for year 1,379 31,598 32,977
Eliminated on disposal - (5,652 ) (5,652 )
At 31 January 2025 5,516 521,721 527,237
NET BOOK VALUE
At 31 January 2025 1,379 71,679 73,058
At 31 January 2024 2,758 100,992 103,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 492,597 534,358
Other debtors 462,696 450,299
955,293 984,657

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 474,187 578,275
Taxation and social security 78,341 69,567
Other creditors 221,332 275,539
773,860 923,381

Hodge Electrical & Mechanical Ltd (Registered number: 05017112)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
K Hodge
Balance outstanding at start of year - -
Amounts advanced 38 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38 -

This loan is repayable on demand. Interest is charged at HMRCs official rate.