Company registration number 06607352 (England and Wales)
HOBSON & LATHAM LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
HOBSON & LATHAM LIMITED
COMPANY INFORMATION
Directors
J Sweetman
Mr S Hunt
Mr S McDonagh
Secretary
J Sweetman
Company number
06607352
Registered office
2 Upperton Gardens
Eastbourne
East Sussex
England
BN21 2AH
Accountants
Xeinadin South East Limited
2 Upperton Gardens
Eastbourne
East Sussex
England
BN21 2AH
HOBSON & LATHAM LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 8
HOBSON & LATHAM LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2024.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

J Sweetman
Mr S Hunt
Mr S McDonagh
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
J Sweetman
Director
15 September 2025
HOBSON & LATHAM LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF HOBSON & LATHAM LIMITED
- 2 -

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2024.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a true and fair view.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

Xeinadin South East Limited
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH
England
15 September 2025
HOBSON & LATHAM LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2024
2023
Notes
£
£
Turnover
1,326,601
1,064,844
Cost of sales
(62,542)
(36,806)
Gross profit
1,264,059
1,028,038
Administrative expenses
(690,422)
(637,919)
Operating profit
573,637
390,119
Interest receivable and similar income
45,640
33,009
Interest payable and similar expenses
(545)
(2,363)
Profit before taxation
618,732
420,765
Tax on profit
3
(154,895)
(99,200)
Profit for the financial year
463,837
321,565

The profit and loss account has been prepared on the basis that all operations are continuing operations.

HOBSON & LATHAM LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 4 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
4,799
5,646
Current assets
Debtors
6
374,405
186,858
Cash at bank and in hand
2,189,858
1,378,302
2,564,263
1,565,160
Creditors: amounts falling due within one year
7
(2,285,047)
(1,415,228)
Net current assets
279,216
149,932
Net assets
284,015
155,578
Capital and reserves
Called up share capital
80
80
Profit and loss reserves
8
283,935
155,498
Total equity
284,015
155,578

For the financial year ended 31 December 2024 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 financial statements were approved by the board of directors and authorised for issue on 15 September 2025 and are signed on its behalf by:
J Sweetman
Director
Company registration number 06607352 (England and Wales)
HOBSON & LATHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
1
Accounting policies
Company information

Hobson & Latham 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.

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 £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in January 2008, is being amortised evenly over its estimated useful life of ten years.

1.4
Tangible fixed assets

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:

Fixtures and fittings
15% on reducing balance
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.

HOBSON & LATHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
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
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.

1.7
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

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

2024
2023
Number
Number
Total
14
14
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
154,895
99,200
HOBSON & LATHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
385,000
Amortisation and impairment
At 1 January 2024 and 31 December 2024
385,000
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
5
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 January 2024 and 31 December 2024
39,659
Depreciation and impairment
At 1 January 2024
34,013
Depreciation charged in the year
847
At 31 December 2024
34,860
Carrying amount
At 31 December 2024
4,799
At 31 December 2023
5,646
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
366,568
176,542
Prepayments and accrued income
7,837
10,316
374,405
186,858
HOBSON & LATHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
18,101
28,205
Corporation tax
154,895
99,200
Other taxation and social security
118,963
70,027
Other creditors
1,988,168
1,212,876
Accruals and deferred income
4,920
4,920
2,285,047
1,415,228
8
Profit and loss reserves
2024
2023
£
£
At the beginning of the year
155,498
284,413
Adjusted balance
155,498
284,413
Profit for the year
463,837
321,565
Dividends declared and paid in the year
(335,400)
(450,480)
At the end of the year
283,935
155,498
9
Parent company

The company is controlled by the directors who have a beneficial interest in its entire issued share capital.

2024-12-31 2024-01-01 false false false 15 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr S Hunt Mr S McDonagh Stephen McDonagh J Sweetman 06607352 2024-01-01 2024-12-31 06607352 bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 06607352 bus:Director1 2024-01-01 2024-12-31 06607352 bus:Director2 2024-01-01 2024-12-31 06607352 bus:CompanySecretary1 2024-01-01 2024-12-31 06607352 bus:Director3 2024-01-01 2024-12-31 06607352 bus:RegisteredOffice 2024-01-01 2024-12-31 06607352 2024-12-31 06607352 2023-01-01 2023-12-31 06607352 2023-12-31 06607352 core:FurnitureFittings 2024-12-31 06607352 core:FurnitureFittings 2023-12-31 06607352 core:ShareCapital 2024-12-31 06607352 core:ShareCapital 2023-12-31 06607352 core:RetainedEarningsAccumulatedLosses 2024-12-31 06607352 core:RetainedEarningsAccumulatedLosses 2023-12-31 06607352 core:RetainedEarningsAccumulatedLosses 2023-12-31 06607352 core:RetainedEarningsAccumulatedLosses 2022-12-31 06607352 core:Goodwill 2024-01-01 2024-12-31 06607352 core:FurnitureFittings 2024-01-01 2024-12-31 06607352 core:UKTax 2024-01-01 2024-12-31 06607352 core:UKTax 2023-01-01 2023-12-31 06607352 core:NetGoodwill 2023-12-31 06607352 core:NetGoodwill 2024-12-31 06607352 core:NetGoodwill 2023-12-31 06607352 core:FurnitureFittings 2023-12-31 06607352 core:CurrentFinancialInstruments 2024-12-31 06607352 core:CurrentFinancialInstruments 2023-12-31 06607352 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06607352 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06607352 bus:FRS102 2024-01-01 2024-12-31 06607352 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06607352 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP