REGISTERED NUMBER: 08820355 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HOXTON MACS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B J Higgs

REGISTERED OFFICE:

Clarence Street Chambers

32 Clarence Street

Southend-on-Sea

Essex

SS1 1BD

BUSINESS ADDRESS:

Units 19/20, Roach View Business Park

Millhead Way

Purdeys Industrial Estate

Rochford

Essex

SS4 1LB

REGISTERED NUMBER:

08820355 (England and Wales)

ACCOUNTANTS:

A.R. Lee & Co.

Chartered Accountants

Clarence Street Chambers

32 Clarence Street

Southend-on-Sea

Essex

SS1 1BD

FIXED ASSETS

Tangible assets

4

989,993

1,028,424

Investments

5

175,771

103,762

1,165,764

1,132,186

CURRENT ASSETS

Stocks

3,231,079

2,829,272

Debtors

6

638,577

236,696

Cash at bank

51,452

198,511

3,921,108

3,264,479

CREDITORS

Amounts falling due within one year

7

840,564

1,166,499

NET CURRENT ASSETS

3,080,544

2,097,980

TOTAL ASSETS LESS CURRENT LIABILITIES

4,246,308

3,230,166

CREDITORS

Amounts falling due after more than one year

8

(504,244

)

-

PROVISIONS FOR LIABILITIES

(47,513

)

(42,904

)

NET ASSETS

3,694,551

3,187,262

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

11

35,203

-

Retained earnings

3,659,248

3,187,162

SHAREHOLDERS' FUNDS

3,694,551

3,187,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2025 and were signed by:

B J Higgs - Director

1.	STATUTORY INFORMATION

Hoxton Macs 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

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

Turnover from the sale of goods is recognised when the order is placed by the customer.

Tangible fixed assets

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

Freehold property

-

over 50 years

Improvements to property

-

10% on cost

Plant and machinery

-

33% on cost

Motor vehicles

-

25% on reducing balance

Stocks

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

Taxation

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

896,531

79,563

56,703

172,746

1,205,543

Additions

-

-

3,226

112,665

115,891

Disposals

-

-

(2,730

)

(164,101

)

(166,831

)

At 31 December 2024

896,531

79,563

57,199

121,310

1,154,603

DEPRECIATION

At 1 January 2024

39,723

37,664

39,396

60,336

177,119

Charge for year

9,930

7,957

12,439

30,512

60,838

Eliminated on disposal

-

-

(2,579

)

(70,768

)

(73,347

)

At 31 December 2024

49,653

45,621

49,256

20,080

164,610

NET BOOK VALUE

At 31 December 2024

846,878

33,942

7,943

101,230

989,993

At 31 December 2023

856,808

41,899

17,307

112,410

1,028,424

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

103,762

Additions

22,695

Disposals

(12,314

)

Revaluations

61,628

At 31 December 2024

175,771

NET BOOK VALUE

At 31 December 2024

175,771

At 31 December 2023

103,762

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2021

(305

)

Valuation in 2022

(59,781

)

Valuation in 2023

45,395

Valuation in 2024

61,628

Cost

128,834

175,771

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

40,957

72,875

Other debtors

597,620

163,821

638,577

236,696

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

187,993

537,598

Trade creditors

164,285

236,342

Taxation and social security

364,171

297,224

Other creditors

124,115

95,335

840,564

1,166,499

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

504,244

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdraft

187,993

-

Bank loans

504,244

537,598

692,237

537,598

The bank loan and overdraft is secured by a charge over the freehold property Unit 19-20 Roach View Business Park, Millhead Way, Purdeys Industrial Estate, Rochford, Essex SS4 1LB and by a fixed and floating charge over the assets of the business.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Fair

value

reserve

£

Fair value gains

35,203

At 31 December 2024

35,203

12.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £24,050. This amount consists of vehicle lease commitments payable over the next three years.

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

B J Higgs

Balance outstanding at start of year

10,496

300

Amounts advanced

99,166

10,496

Amounts repaid

(10,496

)

(300

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

99,166

10,496