REGISTERED NUMBER: 05399551 (England and Wales)

P & B HODGSON AND SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P S Hodgson

Mr K P Hodgson

SECRETARY:

Mr P S Hodgson

REGISTERED OFFICE:

Excel House

Millbrook Lane

Wragby

Market Rasen

Lincolnshire

LN8 5AB

BUSINESS ADDRESS:

Kelham Farm

Chapel Road

Tumby Woodside

Boston

Lincolnshire

PE22 7SP

REGISTERED NUMBER:

05399551 (England and Wales)

ACCOUNTANTS:

Socius Accountants Limited

Excel House

Millbrook Lane

Wragby

Market Rasen

Lincolnshire

LN8 5AB

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

44,792

53,440

44,792

53,440

CURRENT ASSETS

Inventories

51,915

42,627

Debtors

18,643

13,474

Cash at bank

211,295

228,779

281,853

284,880

CREDITORS

Amounts falling due within one year

158,807

159,867

NET CURRENT ASSETS

123,046

125,013

TOTAL ASSETS LESS CURRENT LIABILITIES

167,838

178,453

PROVISIONS FOR LIABILITIES

8,016

9,615

NET ASSETS

159,822

168,838

CAPITAL AND RESERVES

Called up share capital

2

2

Capital redemption reserve

1

1

Retained earnings

159,819

168,835

159,822

168,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

Mr K P Hodgson - Director

Mr P S Hodgson - Director

1.	STATUTORY INFORMATION

P & B Hodgson And Sons 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

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

Intangible assets

The sugar beet quota is amortised straight line over 3 years commencing on 1 April 2010. The set aside entitlement is amortised straight line over 5 years commencing on 1 April 2007.

Property, plant and equipment

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

Tenants fixtures

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Tractors

-

25% on reducing balance and 15% on reducing balance

Computer equipment

-

15% on reducing balance

Inventories

Inventories 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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

4,083

AMORTISATION

At 1 April 2024

and 31 March 2025

4,083

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2024

and 31 March 2025

430,669

DEPRECIATION

At 1 April 2024

377,229

Charge for year

8,648

At 31 March 2025

385,877

NET BOOK VALUE

At 31 March 2025

44,792

At 31 March 2024

53,440