Registered number
04921463
Tom Hodgson Limited
Unaudited Filleted Accounts
31 October 2024
Tom Hodgson Limited
Registered number: 04921463
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 5,995 17,424
Current assets
Debtors 5 5,448 5,778
Cash at bank and in hand 22,691 18,860
28,139 24,638
Creditors: amounts falling due within one year 6 (30,996) (34,173)
Net current liabilities (2,857) (9,535)
Total assets less current liabilities 3,138 7,889
Creditors: amounts falling due after more than one year 7 (1,614) (3,525)
Provisions for liabilities (1,499) (4,356)
Net assets 25 8
Capital and reserves
Called up share capital 1 1
Profit and loss account 24 7
Shareholder's funds 25 8
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 T J Hodgson
Director
Approved by the board on 21/07/2025.
Tom Hodgson Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Statutory information
Tom Hodgson Limited is a private company, limited by shares, registered in England and Wales.
The company's registered number and registered office address are as below:
Registered number: 04921463
Registered office: 3 Milestone Court
Stanningley
Pudsey
LS28 6HE
The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.
2 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
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:
Equipment, fixtures & fittings - over 4 years on a straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
2 Accounting policies (continued)
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
4 Tangible fixed assets
Equipment, fixtures & fittings
£
Cost
At 1 November 2023 58,119
At 31 October 2024 58,119
Depreciation
At 1 November 2023 40,695
Charge for the year 11,429
At 31 October 2024 52,124
Net book value
At 31 October 2024 5,995
At 31 October 2023 17,424
5 Debtors 2024 2023
£ £
Trade debtors 455 405
Director's current account 4,993 -
Other debtors - 5,373
5,448 5,778
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,020 -
Accruals and deferred income 23,396 -
Taxation and social security costs 5,580 4,323
Other creditors - 29,850
30,996 34,173
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,614 3,525
8 Related party transactions
During the year £29,480 (2023: £17,160) was advanced from and £29,100 (2023: £18,865) was repaid to the directors. An amount of £4,993 (2023: £5,373) remained due from the directors at the year end. This amount is interest free and repayable on demand.
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