W.J.Hogg & Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: NI013574

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		17,292		21,969

			17,292		21,969
CURRENT ASSETS
Stocks	5	31,643		150,213
Debtors	6	91,545		47,417
Cash at bank and in hand		21,974		70

		145,162		197,700
Creditors: Amounts Falling Due Within One Year	7	(198,376 )		(273,651 )

NET CURRENT ASSETS (LIABILITIES)			(53,214 )		(75,951 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(35,922 )		(53,982 )

NET LIABILITIES			(35,922 )		(53,982 )

CAPITAL AND RESERVES
Called up share capital	9		40		40
Profit and Loss Account			(35,962 )		(54,022 )

SHAREHOLDERS' FUNDS			(35,922)		(53,982)

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W.J.Hogg & Company Limited

Balance Sheet (continued)

As At 31 March 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Roger Hogg

Director

9 October 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

W.J.Hogg & Company Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI013574 . The registered office is 1a West Bank Drive, Belfast, BT3 9LA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The company meets its day to day working capital requirements through an overdraft facility which is repayable on demand.

The directors consider that the company will continue to operate within the facility currently agreed in the foreseeable future.

On this basis, together with the ongoing commitment of the directors to support the company, the directors consider it appropriate to prepare the financial statements on the going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	20% straight line

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W.J.Hogg & Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	32,666	39,789	27,279	99,734
Additions	-	-	1,404	1,404

As at 31 March 2025	32,666	39,789	28,683	101,138

Depreciation
As at 1 April 2024	13,719	38,190	25,856	77,765
Provided during the period	4,737	240	1,104	6,081

As at 31 March 2025	18,456	38,430	26,960	83,846

Net Book Value
As at 31 March 2025	14,210	1,359	1,723	17,292

As at 1 April 2024	18,947	1,599	1,423	21,969

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W.J.Hogg & Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Stocks

	2025	2024
	£	£
Materials	29,400	49,056
Finished goods	2,243	101,157

	31,643	150,213

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	79,830	34,725
Prepayments and accrued income	150	979
Other debtors	1,281	1,038
VAT	10,104	10,675
Net wages	180	-

	91,545	47,417

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	12,839	18,210
Trade creditors	46,338	39,006
Bank loans and overdrafts	12,199	88,913
Other taxes and social security	4,398	12,081
Other creditors	(1,039 )	-
Pension contributions - creditor	71	276
Accruals and deferred income	4,251	8,149
Director's loan account	119,319	107,016

	198,376	273,651

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	12,839	18,210

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W.J.Hogg & Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	40	40

10. Directors Advances, Credits and Guarantees

Included within Creditors is the following loan by a director:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Roger Hogg	107,016	12,303	-	-	119,319

The above loan is unsecured, interest free and repayable on demand.

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