REGISTERED NUMBER: SC208669 (Scotland)

Strategic Report,

Report of the Director and

Financial Statements

For The Year Ended 31st January 2025

for

Hodge Plant Limited

Page

Company Information

1

Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Statement of Financial Position

12

Statement of Changes in Equity

13

Statement of Cash Flows

14

Notes to the Statement of Cash Flows

15

Notes to the Financial Statements

17

DIRECTOR:

A Hodge

SECRETARY:

A Hodge

REGISTERED OFFICE:

Unit 21 Whistleberry Industrial Estate

Hamilton

Lanarkshire

ML3 0ED

REGISTERED NUMBER:

SC208669 (Scotland)

AUDITORS:

Consilium Audit Limited

169 West George Street

Glasgow

G2 2LB

The after tax profit for the year amounted to £103,266 (2024: £200,735).

There is corporation tax payable of £nil in the year to 31 January 2025 (2024: £nil)

The deferred tax provision carried in these financial statements is £1,548,590 (2024: £1,421,737).

REVIEW OF BUSINESS

The director is pleased to report another profitable year. A summary of the key performance indicators are listed below:

2025

2024

2023

£

£

£

Turnover

8,648,601

11,412,885

11,044,421

Gross profit

1,605,706

2,080,213

1,904,746

Shareholders funds

12,110,936

11,538,914

11,422,179

PRINCIPAL RISKS AND UNCERTAINTIES

The company has a framework in place to identify and manage business risks. The key financial risks include :

Credit risk

The company provides goods on credit to its customers. The risk arises from the possibility that customer will fail to meet their obligations to pay the sums due. To manage this risk all customers have their credit worthiness assessed and credit terms assigned to them. Systems are also in place to monitor adherence to these terms as appropriate.

Liquidity risk

The company is funded by retained profits. The company's policy is to ensure that any projected borrowing requirement is covered by committed facilities with its bankers.

Price risk

The company is exposed to the risk of suppliers' price increases, particularly in relation to equipment for resale, affecting margin achieved on the sale of capital plant items. It is the company's policy to monitor price changes and consider its options in terms of fixing costs to ensure this risk is minimised.

The company does not trade speculatively in derivatives or similar instruments.

FIXED ASSETS

The changes to fixed assets during the year ended 31 January 2025 are disclosed at note 10 in the financial statements.

FUTURE DEVELOPMENTS

The turnover and profits are in line with management accounts and the Director's expectations.

ON BEHALF OF THE BOARD:

A Hodge - Director

21st August 2025

The director presents his report with the financial statements of the company for the year ended 31st January 2025.

DIVIDENDS

No interim dividend was paid during the year. The director recommends a final dividend of £87 per share.

The total distribution of dividends for the year ended 31st January 2025 will be £ 87,000 .

DIRECTOR

A Hodge held office during the whole of the period from 1st February 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Consilium Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A Hodge - Director

21st August 2025

Opinion

We have audited the financial statements of Hodge Plant Limited (the 'company') for the year ended 31st January 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st January 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the director was not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- We ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.

- We identified the laws and regulations applicable to the company through discussions with directors and management and from our knowledge of the regulatory environment relevant to the company.

- We assessed the extent of compliance with laws and regulations through making enquiries of management and inspecting legal correspondence.

- We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management as to where they considered there was susceptibility to fraud and their knowledge of actual, suspected and alleged fraud.

- To address the risk of fraud through management bias and override of controls, we tested journal entries to identify unusual transactions, we assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias and we investigated the rationale behind significant or unusual transactions.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew McKay (Senior Statutory Auditor)

for and on behalf of Consilium Audit Limited

169 West George Street

Glasgow

G2 2LB

21st August 2025

TURNOVER

3

8,648,601

11,412,885

Cost of sales

(7,042,895

)

(9,332,672

)

GROSS PROFIT

1,605,706

2,080,213

Administrative expenses

(1,480,683

)

(1,624,061

)

125,023

456,152

Other operating income

5,457

21,114

OPERATING PROFIT

5

130,480

477,266

Interest receivable and similar income

3,330

-

133,810

477,266

Interest payable and similar expenses

7

(106,542

)

(106,778

)

PROFIT BEFORE TAXATION

27,268

370,488

Tax on profit

8

75,998

(169,753

)

PROFIT FOR THE FINANCIAL YEAR

103,266

200,735

PROFIT FOR THE YEAR

103,266

200,735

OTHER COMPREHENSIVE INCOME

Property revaluation

758,607

-

Deferred tax on property revaluation

(202,851

)

-

Income tax relating to components of other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

555,756

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

659,022

200,735

FIXED ASSETS

Tangible assets

10

9,318,176

8,961,815

CURRENT ASSETS

Stocks

11

3,327,268

3,404,375

Debtors

12

5,074,494

5,424,202

Cash at bank and in hand

189,202

566,109

8,590,964

9,394,686

CREDITORS

Amounts falling due within one year

13

(3,460,330

)

(3,930,396

)

NET CURRENT ASSETS

5,130,634

5,464,290

TOTAL ASSETS LESS CURRENT LIABILITIES

14,448,810

14,426,105

CREDITORS

Amounts falling due after more than one year

14

(789,284

)

(1,465,454

)

PROVISIONS FOR LIABILITIES

16

(1,548,590

)

(1,421,737

)

NET ASSETS

12,110,936

11,538,914

CAPITAL AND RESERVES

Called up share capital

17

1,000

1,000

Revaluation reserve

18

933,150

377,394

Retained earnings

18

11,176,786

11,160,520

SHAREHOLDERS' FUNDS

12,110,936

11,538,914

The financial statements were approved by the director and authorised for issue on 21st August 2025 and were signed by:

A Hodge - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1st February 2023

1,000

11,043,785

377,394

11,422,179

Changes in equity

Profit for the year

-

200,735

-

200,735

Total comprehensive income

-

200,735

-

200,735

Dividends

-

(84,000

)

-

(84,000

)

Balance at 31st January 2024

1,000

11,160,520

377,394

11,538,914

Changes in equity

Profit for the year

-

103,266

-

103,266

Total comprehensive income

-

103,266

-

103,266

Dividends

-

(87,000

)

-

(87,000

)

No description

-

-

555,756

555,756

Balance at 31st January 2025

1,000

11,176,786

933,150

12,110,936

Cash flows from operating activities

Cash generated from operations

1

629,839

654,756

Interest paid

(1,363

)

6,999

Interest element of hire purchase payments paid

(105,179

)

(113,777

)

Tax paid

-

17,950

Net cash from operating activities

523,297

565,928

Cash flows from investing activities

Purchase of tangible fixed assets

(403,475

)

(697,413

)

Sale of tangible fixed assets

545,000

586,811

Amounts advanced from related parties

71,368

-

Interest received

3,330

-

Net cash from investing activities

216,223

(110,602

)

Cash flows from financing activities

Capital repayments in year

(1,077,401

)

(1,278,604

)

Amount introduced by directors

47,974

19,833

Equity dividends paid

(87,000

)

(84,000

)

Net cash from financing activities

(1,116,427

)

(1,342,771

)

Decrease in cash and cash equivalents

(376,907

)

(887,445

)

Cash and cash equivalents at beginning of year

2

566,109

1,453,554

Cash and cash equivalents at end of year

2

189,202

566,109

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

27,268

370,488

Depreciation charges

565,132

601,691

(Profit)/loss on disposal of fixed assets

(63,432

)

38,080

Finance costs

106,542

106,778

Finance income

(3,330

)

-

632,180

1,117,037

Decrease in stocks

77,107

247,609

Decrease in trade and other debtors

230,649

295,605

Decrease in trade and other creditors

(310,097

)

(1,005,495

)

Cash generated from operations

629,839

654,756

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31st January 2025

31/1/25

1/2/24

£

£

Cash and cash equivalents

189,202

566,109

Year ended 31st January 2024

31/1/24

1/2/23

£

£

Cash and cash equivalents

566,109

1,453,554

3.	ANALYSIS OF CHANGES IN NET DEBT

Other

non-cash

At 1/2/24

Cash flow

changes

At 31/1/25

£

£

£

£

Net cash

Cash at bank

and in hand

566,109

(376,907

)

189,202

566,109

(376,907

)

189,202

Debt

Finance leases

(2,413,922

)

1,077,401

(240,980

)

(1,577,501

)

(2,413,922

)

1,077,401

(240,980

)

(1,577,501

)

Total

(1,847,813

)

700,494

(240,980

)

(1,388,299

)

1.	STATUTORY INFORMATION

Hodge Plant Limited is a private company, limited by shares , registered in Scotland. 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the cost incurred and to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised on ly to the extent that it is probable the expenses recognised will be recovered.

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.

Freehold property

-

2% on cost

Plant and machinery

-

6% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

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

Stocks

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

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

For quarry stocks, cost is determined based on the cost of production of the quarry product, including the labour cost directly attributable to the production.

Financial instruments

A financial asset or financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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

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.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2025

2024

£

£

Sale of goods

6,156,615

9,287,644

Rendering of services

2,491,986

2,125,241

8,648,601

11,412,885

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

8,648,601

9,507,809

Overseas

-

1,905,076

8,648,601

11,412,885

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,396,133

1,454,862

Social security costs

150,141

138,449

Other pension costs

22,360

18,898

1,568,634

1,612,209

The average number of employees during the year was as follows:

2025

2024

Administrative

3

4

Management

5

6

Operating

27

29

35

39

2025

2024

£

£

Director's remuneration

11,737

9,892

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Hire of plant and machinery

272,699

238,393

Haulage

227,964

384,545

Depreciation - owned assets

468,660

508,082

Depreciation - assets on hire purchase contracts

96,473

93,610

(Profit)/loss on disposal of fixed assets

(63,432

)

38,080

6.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

15,000

15,000

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Interest payable

1,363

(6,999

)

Hire purchase

105,179

113,777

106,542

106,778