Hog's Back Associates Limited 3652273 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is wholesale supply of household electrical goods Digita Accounts Production Advanced 6.30.9574.0 true true 3652273 2024-02-01 2025-01-31 3652273 2025-01-31 3652273 bus:OrdinaryShareClass1 2025-01-31 3652273 core:RetainedEarningsAccumulatedLosses 2025-01-31 3652273 core:ShareCapital 2025-01-31 3652273 core:CurrentFinancialInstruments 2025-01-31 3652273 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 3652273 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 3652273 core:FurnitureFittingsToolsEquipment 2025-01-31 3652273 core:LandBuildings 2025-01-31 3652273 core:MotorVehicles 2025-01-31 3652273 bus:SmallEntities 2024-02-01 2025-01-31 3652273 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 3652273 bus:FilletedAccounts 2024-02-01 2025-01-31 3652273 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 3652273 bus:RegisteredOffice 2024-02-01 2025-01-31 3652273 bus:CompanySecretaryDirector1 2024-02-01 2025-01-31 3652273 bus:Director1 2024-02-01 2025-01-31 3652273 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 3652273 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 3652273 bus:Agent1 2024-02-01 2025-01-31 3652273 core:FurnitureFittings 2024-02-01 2025-01-31 3652273 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 3652273 core:LandBuildings 2024-02-01 2025-01-31 3652273 core:MotorVehicles 2024-02-01 2025-01-31 3652273 core:OfficeEquipment 2024-02-01 2025-01-31 3652273 countries:AllCountries 2024-02-01 2025-01-31 3652273 2024-01-31 3652273 core:FurnitureFittingsToolsEquipment 2024-01-31 3652273 core:LandBuildings 2024-01-31 3652273 core:MotorVehicles 2024-01-31 3652273 2023-02-01 2024-01-31 3652273 2024-01-31 3652273 bus:OrdinaryShareClass1 2024-01-31 3652273 core:RetainedEarningsAccumulatedLosses 2024-01-31 3652273 core:ShareCapital 2024-01-31 3652273 core:CurrentFinancialInstruments 2024-01-31 3652273 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 3652273 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 3652273 core:FurnitureFittingsToolsEquipment 2024-01-31 3652273 core:LandBuildings 2024-01-31 3652273 core:MotorVehicles 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 3652273

Hog's Back Associates Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Hog's Back Associates Limited

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Balance Sheet | 4 to 5
Notes to the Unaudited Financial Statements | 6 to 10

Hog's Back Associates Limited

Company Information

Directors | N D Lord J Clark

Company secretary | J Clark

Registered office | 92 The Street Tongham Surrey GU10 1AA

Accountants | MMO Limited Wellesley House 204 London Road Waterlooville Hampshire PO7 7AN

Hog's Back Associates Limited

Directors' Report for the Year Ended 31 January 2025

The directors present their report and the financial statements for the year ended 31 January 2025.

Directors of the company

The directors who held office during the year were as follows:

N D Lord

J Clark - Company secretary and director

Principal activity

The principal activity of the company is wholesale supply of household electrical goods

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 8 October 2025 and signed on its behalf by:

......................................... N D Lord Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Hog's Back Associates Limited
for the Year Ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hog's Back Associates Limited for the year ended 31 January 2025 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Hog's Back Associates Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Hog's Back Associates Limited and state those matters that we have agreed to state to the Board of Directors of Hog's Back Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hog's Back Associates Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Hog's Back Associates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Hog's Back Associates Limited. You consider that Hog's Back Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Hog's Back Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

8 October 2025

Hog's Back Associates Limited

(Registration number: 3652273)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 74,807 | 47,865
Current assets |  |  |
Stocks | 5 | 12,710 | 26,160
Debtors |  | 45,249 | 9,487
Cash at bank and in hand |  | 100,755 | 207,879
|  | 158,714 | 243,526
Creditors: Amounts falling due within one year | 6 | (128,221) | (180,285)
Net current assets |  | 30,493 | 63,241
Total assets less current liabilities |  | 105,300 | 111,106
Creditors: Amounts falling due after more than one year | 6 | (51,419) | (24,035)
Net assets |  | 53,881 | 87,071
Capital and reserves |  |  |
Called up share capital | 7 | 2 | 2
Retained earnings |  | 53,879 | 87,069
Shareholders' funds |  | 53,881 | 87,071

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Hog's Back Associates Limited

(Registration number: 3652273)
Balance Sheet as at 31 January 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 October 2025 and signed on its behalf by:

......................................... N D Lord Director

Hog's Back Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
92 The Street
Tongham
Surrey
GU10 1AA
England

These financial statements were authorised for issue by the Board on 8 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants relating to revenue expenditure are recognised in income over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Hog's Back Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 10% reducing balance
Office equipment | 25% reducing balance
Motor vehicles | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Hog's Back Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Hog's Back Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 February 2024 | 5,959 | 115,695 | 18,438 | 140,092
Additions | - | 1,798 | 40,935 | 42,733
At 31 January 2025 | 5,959 | 117,493 | 59,373 | 182,825
Depreciation
At 1 February 2024 | - | 74,812 | 17,415 | 92,227
Charge for the year | - | 5,302 | 10,489 | 15,791
At 31 January 2025 | - | 80,114 | 27,904 | 108,018
Carrying amount
At 31 January 2025 | 5,959 | 37,379 | 31,469 | 74,807
At 31 January 2024 | 5,959 | 40,883 | 1,023 | 47,865

Included within the net book value of land and buildings above is £5,959 (2024 - £5,959) in respect of freehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 12,710 | 26,160

Hog's Back Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 25,366 | 3,755
Taxation and social security | 27,812 | 49,155
Accruals and deferred income | 1,635 | 2,015
Other creditors | 73,408 | 125,360
| 128,221 | 180,285

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 51,419 | 24,035

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2