Company registration number 00879159 (England and Wales)
JACK HODSON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
JACK HODSON LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
JACK HODSON LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
108,516
114,155
Current assets
Stocks
1,071,853
954,925
Debtors
4
596,083
392,017
Cash at bank and in hand
97,161
101,618
1,765,097
1,448,560
Creditors: amounts falling due within one year
5
(1,006,164)
(975,999)
Net current assets
758,933
472,561
Total assets less current liabilities
867,449
586,716
Creditors: amounts falling due after more than one year
6
(363,832)
(124,127)
Net assets
503,617
462,589
Capital and reserves
Called up share capital
50,000
50,000
Profit and loss reserves
453,617
412,589
Total equity
503,617
462,589
JACK HODSON LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 2 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 August 2025 and are signed on its behalf by:
Mr P W Edward-Hodson
Director
Company registration number 00879159 (England and Wales)
JACK HODSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
1
Accounting policies
Company information

Jack Hodson Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 9, Bechers Drive, Aintree Racecourse Business Park, Ormskirk Road, Liverpool, Merseyside, England, L9 5AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Turnover is recognised on the completion of a vehicle conversion once the risks and rewards of the transaction have transferred to the customer.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
straight line over the remaining term of the lease
Plant and equipment
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Motor vehicles
25% on reducing balance

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.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

JACK HODSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
36
34
JACK HODSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
3
Tangible fixed assets
Improvements to property
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 June 2024
33,491
182,274
74,569
38,089
328,423
Additions
545
5,670
4,055
-
0
10,270
At 31 May 2025
34,036
187,944
78,624
38,089
338,693
Depreciation and impairment
At 1 June 2024
3,617
133,084
57,844
19,723
214,268
Depreciation charged in the year
574
7,852
2,892
4,591
15,909
At 31 May 2025
4,191
140,936
60,736
24,314
230,177
Carrying amount
At 31 May 2025
29,845
47,008
17,888
13,775
108,516
At 31 May 2024
29,874
49,190
16,725
18,366
114,155
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
573,516
370,625
Other debtors
22,567
21,392
596,083
392,017
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
142,207
82,029
Trade creditors
439,579
532,707
Corporation tax
92,325
54,693
Other taxation and social security
225,863
195,025
Other creditors
106,190
111,545
1,006,164
975,999
JACK HODSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
359,640
113,095
Other creditors
4,192
11,032
363,832
124,127
7
Secured debts

The following secured debts are included within creditors:

Bank loans & finance leases - £512,879 (2024 - £212,556)

8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
360,177
499,507
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