REGISTERED NUMBER: 12507647 (England and Wales)

Hodge and Huggett Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Huggett

Mrs C L Hodgson

REGISTERED OFFICE:

Karma Kitchen

Guillemot Place

Clarendon Road

London

N22 6XG

REGISTERED NUMBER:

12507647 (England and Wales)

ACCOUNTANTS:

James, Stanley & Co. Limited

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

FIXED ASSETS

Property, plant and equipment

5

242,105

139,560

Investments

6

15,258

15,258

257,363

154,818

CURRENT ASSETS

Inventories

24,553

20,200

Debtors

7

197,362

153,940

Cash at bank and in hand

100,464

87,550

322,379

261,690

CREDITORS

Amounts falling due within one year

8

317,814

179,365

NET CURRENT ASSETS

4,565

82,325

TOTAL ASSETS LESS CURRENT LIABILITIES

261,928

237,143

CREDITORS

Amounts falling due after more than one year

9

(20,433

)

(13,136

)

PROVISIONS FOR LIABILITIES

(58,741

)

(33,105

)

NET ASSETS

182,754

190,902

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

182,654

190,802

SHAREHOLDERS' FUNDS

182,754

190,902

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.

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 18 December 2025 and were signed on its behalf by:

S Huggett - Director

1.	STATUTORY INFORMATION

Hodge and Huggett Ltd 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.	STATEMENT OF COMPLIANCE

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. There were no material departures from that accounting standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

Stocks

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 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 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.

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.

Investments

Investments held as fixed assets are valued at their current market value at the balance sheet date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 4 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

70,654

15,667

212,012

2,820

301,153

Additions

37,137

65,842

68,825

1,411

173,215

Disposals

-

-

(538

)

-

(538

)

At 31 March 2025

107,791

81,509

280,299

4,231

473,830

DEPRECIATION

At 1 April 2024

23,568

4,569

131,684

1,772

161,593

Charge for year

17,296

10,701

41,596

674

70,267

Eliminated on disposal

-

-

(135

)

-

(135

)

At 31 March 2025

40,864

15,270

173,145

2,446

231,725

NET BOOK VALUE

At 31 March 2025

66,927

66,239

107,154

1,785

242,105

At 31 March 2024

47,086

11,098

80,328

1,048

139,560

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

Motor

vehicles

£

COST

At 1 April 2024

18,990

Additions

19,095

At 31 March 2025

38,085

DEPRECIATION

At 1 April 2024

4,748

Charge for year

4,747

At 31 March 2025

9,495

NET BOOK VALUE

At 31 March 2025

28,590

At 31 March 2024

14,242

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.3.24

as restated

£

£

Investments

15,258

15,258

Fixed asset investments were valued on an open market basis on 31 March 2025 by the company's directors.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Trade debtors

74,696

34,882

Other debtors

113,822

109,573

Prepayments and accrued income

8,844

9,485

197,362

153,940

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Bank loans and overdrafts

-

1

Hire purchase contracts

11,798

4,972

Trade creditors

23,846

11,168

Tax

66,204

79,662

Social security and other taxes

68,466

55,885

Other creditors

69,267

15,980

Accruals and deferred income

78,233

11,697

317,814

179,365

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Hire purchase contracts

20,433

13,136

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

as restated

£

£

Hire purchase contracts

32,231

18,108

Obligations under finance leases and hire purchase contracts are secured by the related lease assets.

HSBC Bank plc hold a fixed and floating charge over all the company's assets dated 4 March 2025 as security against the company's bank borrowing.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

as restated

£

£

100

Ordinary

1

100

100

12.	CAPITAL COMMITMENTS

31.3.25

31.3.24

as restated

£

£

Contracted but not provided for in the

financial statements

-

-

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

as restated

£

£

S Huggett

Balance outstanding at start of year

36,576

-

Amounts advanced

47,960

254,859

Amounts repaid

(49,167

)

(218,283

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

35,369

36,576

Mrs C L Hodgson

Balance outstanding at start of year

36,576

-

Amounts advanced

44,585

175,345

Amounts repaid

(45,792

)

(138,769

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

35,369

36,576

The company's credit card balance was £34,842 as at 31 March 2025 which is personally guaranteed by the directors.

14.	RELATED PARTY DISCLOSURES

Loans to key management personnel are unsecured and interest free with no specific repayment terms and are presented within creditors due within one year.