REGISTERED NUMBER: 06656334 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

TEJ Hobbs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T E J Hobbs

Miss L Cooper

SECRETARY:

REGISTERED OFFICE:

141 Englishcombe Lane

Bath

BA2 2EL

REGISTERED NUMBER:

06656334 (England and Wales)

ACCOUNTANTS:

OCL Accountancy

141 Englishcombe Lane

Bath

BA2 2EL

FIXED ASSETS

Tangible assets

4

701,090

696,046

CURRENT ASSETS

Debtors

5

184,411

165,174

Cash at bank

25,968

28,935

210,379

194,109

CREDITORS

Amounts falling due within one year

6

453,389

465,333

NET CURRENT LIABILITIES

(243,010

)

(271,224

)

TOTAL ASSETS LESS CURRENT LIABILITIES

458,080

424,822

CREDITORS

Amounts falling due after more than one year

7

(362,740

)

(343,877

)

PROVISIONS FOR LIABILITIES

(95,208

)

(79,814

)

NET ASSETS

132

1,131

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

32

1,031

SHAREHOLDERS' FUNDS

132

1,131

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 directors acknowledge their 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 Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

T E J Hobbs - Director

1.	STATUTORY INFORMATION

TEJ Hobbs 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance and 15% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

1,233,936

Additions

227,464

Disposals

(252,986

)

At 31 December 2024

1,208,414

DEPRECIATION

At 1 January 2024

537,890

Charge for year

127,007

Eliminated on disposal

(157,573

)

At 31 December 2024

507,324

NET BOOK VALUE

At 31 December 2024

701,090

At 31 December 2023

696,046

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

1,057,589

Additions

222,952

Disposals

(191,986

)

At 31 December 2024

1,088,555

DEPRECIATION

At 1 January 2024

412,519

Charge for year

122,055

Eliminated on disposal

(119,579

)

At 31 December 2024

414,995

NET BOOK VALUE

At 31 December 2024

673,560

At 31 December 2023

645,070

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

173,691

156,018

Other debtors

10,720

9,156

184,411

165,174

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

14,700

13,420

Hire purchase contracts

176,855

233,449

Trade creditors

151,999

96,407

Taxation and social security

35,364

39,450

Other creditors

74,471

82,607

453,389

465,333

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

5,025

20,587

Hire purchase contracts

357,715

323,290

362,740

343,877

8.	ULTIMATE CONTROLLING PARTY

The controlling party is T E J Hobbs.