REGISTERED NUMBER: 09705407 (England and Wales)

Hog House Animal Feeds Limited

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs H F Thomas

D A Thomas

SECRETARY:

D A Thomas

REGISTERED OFFICE:

Unit 2a Water-Ma-Trout

Industrial Estate

Helston

TR13 0LW

REGISTERED NUMBER:

09705407 (England and Wales)

ACCOUNTANTS:

Hodgsons

Chartered Accountants

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

FIXED ASSETS

Intangible assets

4

5,839

11,131

Tangible assets

5

106,572

132,022

112,411

143,153

CURRENT ASSETS

Stocks

496,605

498,616

Debtors

6

23,636

54,183

Cash at bank and in hand

2,865

1,146

523,106

553,945

CREDITORS

Amounts falling due within one year

7

(392,085

)

(432,249

)

NET CURRENT ASSETS

131,021

121,696

TOTAL ASSETS LESS CURRENT LIABILITIES

243,432

264,849

CREDITORS

Amounts falling due after more than one year

8

(23,221

)

(45,254

)

PROVISIONS FOR LIABILITIES

(25,256

)

(28,343

)

NET ASSETS

194,955

191,252

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

194,953

191,250

194,955

191,252

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

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

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 23rd December 2025 and were signed on its behalf by:

D A Thomas - Director

1.	STATUTORY INFORMATION

Hog House Animal Feeds 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of five years.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Stocks

Stocks 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 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.

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 10 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Website

Goodwill

costs

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

42,000

5,460

47,460

AMORTISATION

At 1st April 2024

33,600

2,729

36,329

Amortisation for year

4,200

1,092

5,292

At 31st March 2025

37,800

3,821

41,621

NET BOOK VALUE

At 31st March 2025

4,200

1,639

5,839

At 31st March 2024

8,400

2,731

11,131

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st April 2024

43,632

33,438

24,445

Additions

-

560

-

Disposals

-

(2,639

)

-

At 31st March 2025

43,632

31,359

24,445

DEPRECIATION

At 1st April 2024

8,354

12,647

14,388

Charge for year

4,364

4,267

1,992

Eliminated on disposal

-

(1,084

)

-

At 31st March 2025

12,718

15,830

16,380

NET BOOK VALUE

At 31st March 2025

30,914

15,529

8,065

At 31st March 2024

35,278

20,791

10,057

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

97,870

5,464

204,849

Additions

-

-

560

Disposals

-

(1,635

)

(4,274

)

At 31st March 2025

97,870

3,829

201,135

DEPRECIATION

At 1st April 2024

35,083

2,355

72,827

Charge for year

12,558

622

23,803

Eliminated on disposal

-

(983

)

(2,067

)

At 31st March 2025

47,641

1,994

94,563

NET BOOK VALUE

At 31st March 2025

50,229

1,835

106,572

At 31st March 2024

62,787

3,109

132,022

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

Motor

vehicles

£

COST

At 1st April 2024

and 31st March 2025

38,000

DEPRECIATION

At 1st April 2024

1,246

Charge for year

7,351

At 31st March 2025

8,597

NET BOOK VALUE

At 31st March 2025

29,403

At 31st March 2024

36,754

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,258

44,721

Other debtors

11,378

9,462

23,636

54,183

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

35,405

10,000

Hire purchase contracts (see note 9)

12,033

10,846

Trade creditors

212,589

238,902

Taxation and social security

54,623

19,222

Other creditors

77,435

153,279

392,085

432,249

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

10,000

20,000

Hire purchase contracts (see note 9)

13,221

25,254

23,221

45,254

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Gross obligations repayable:

Within one year

13,864

13,864

Between one and five years

13,864

27,728

27,728

41,592

Finance charges repayable:

Within one year

1,831

3,018

Between one and five years

643

2,474

2,474

5,492

Net obligations repayable:

Within one year

12,033

10,846

Between one and five years

13,221

25,254

25,254

36,100

Non-cancellable

operating leases

2025

2024

£

£

Within one year

94,948

87,948

Between one and five years

346,174

358,711

In more than five years

86,151

140,562

527,273

587,221