Company registration number 3593129 (England and Wales)
J. R. HOOD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
J. R. HOOD LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
J. R. HOOD LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
776,808
704,120
Investments
4
1,139
1,117
777,947
705,237
Current assets
Stocks
9,119
6,480
Debtors
7
483,180
525,754
Cash at bank and in hand
111,634
81,439
603,933
613,673
Creditors: amounts falling due within one year
8
(552,422)
(633,982)
Net current assets/(liabilities)
51,511
(20,309)
Total assets less current liabilities
829,458
684,928
Creditors: amounts falling due after more than one year
9
(206,709)
(134,151)
Provisions for liabilities
(133,874)
(113,329)
Net assets
488,875
437,448
Capital and reserves
Called up share capital
66,500
66,500
Profit and loss reserves
422,375
370,948
Total equity
488,875
437,448
J. R. HOOD LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 February 2026 and are signed on its behalf by:
Mr J M Hood
Mrs J Sissons-Hood
Director
Director
Company registration number 3593129 (England and Wales)
J. R. HOOD LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2025
31 May 2025
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

J. R. Hood Limited is a private company limited by shares incorporated in England and Wales. The registered office is Chesney House, Wansford Road, Driffield, YO25 5NW. The company registration number is 3593129.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line
Plant and machinery
15% reducing balance
Fixtures and fittings
15% reducing balance on fixtures. Computers 3 years straight line
Motor vehicles
20% reducing balance on vehicles. 10% reducing balance on trailers

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.4
Fixed asset investments

The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

2.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

J. R. HOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2
Accounting policies
(Continued)
- 4 -
2.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, that are classified as debt, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

2.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged in the income statement, except when it relates to items charged directly to equity, in which case the deferred tax is also dealt with in equity.

J. R. HOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
2
Accounting policies
(Continued)
- 5 -
2.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
22
22
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
1,139
1,117
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 June 2024
1,117
Additions
22
At 31 May 2025
1,139
Carrying amount
At 31 May 2025
1,139
At 31 May 2024
1,117
J. R. HOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
5
Tangible fixed assets
Freehold land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 June 2024
217,687
37,951
41,600
834,544
1,131,782
Additions
-
0
-
0
1,965
188,920
190,885
Disposals
-
0
-
0
-
0
(90,524)
(90,524)
At 31 May 2025
217,687
37,951
43,565
932,940
1,232,143
Depreciation
At 1 June 2024
33,600
26,153
33,606
334,303
427,662
Depreciation charged in the year
4,354
1,770
1,331
58,356
65,811
Eliminated in respect of disposals
-
0
-
0
-
0
(38,138)
(38,138)
At 31 May 2025
37,954
27,923
34,937
354,521
455,335
Carrying amount
At 31 May 2025
179,733
10,028
8,628
578,419
776,808
At 31 May 2024
184,087
11,798
7,994
500,241
704,120
6
Financial instruments
2025
2024
£
£
Carrying amount of financial assets include:
Instruments measured at fair value through profit or loss
1,139
1,117
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
439,234
485,368
Other debtors
43,946
40,386
483,180
525,754
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
32,589
60,485
Trade creditors
161,145
215,678
Corporation tax
105,927
121,851
Other taxation and social security
104,723
106,122
Other creditors
148,038
129,846
552,422
633,982
J. R. HOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 7 -
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
26,003
Other creditors
206,709
108,148
206,709
134,151
10
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
93,823
93,937
In two to five years
206,709
108,148
300,532
202,085

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

11
Directors' transactions

Dividends totalling £319,200 (2024 - £279,300) were paid in the year in respect of shares held by the company's directors.

Mr J M Hood has given the bank a personal guarantee of £50,000 in respect of the company's borrowings.

Advances or credits have been granted by the company to its directors as follows:

Description
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors loan
(23,148)
316,345
(332,200)
(39,003)
(23,148)
316,345
(332,200)
(39,003)
2025-05-31 2024-06-01 false false false 19 February 2026 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr J M Hood Mrs J Sissons-Hood 3593129 2024-06-01 2025-05-31 3593129 2025-05-31 3593129 2024-05-31 3593129 core:LandBuildings core:OwnedOrFreeholdAssets 2025-05-31 3593129 core:PlantMachinery 2025-05-31 3593129 core:FurnitureFittings 2025-05-31 3593129 core:MotorVehicles 2025-05-31 3593129 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-31 3593129 core:PlantMachinery 2024-05-31 3593129 core:FurnitureFittings 2024-05-31 3593129 core:MotorVehicles 2024-05-31 3593129 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 3593129 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 3593129 core:WithinOneYear 2025-05-31 3593129 core:WithinOneYear 2024-05-31 3593129 core:AfterOneYear 2025-05-31 3593129 core:AfterOneYear 2024-05-31 3593129 core:CurrentFinancialInstruments 2025-05-31 3593129 core:CurrentFinancialInstruments 2024-05-31 3593129 core:Non-currentFinancialInstruments 2025-05-31 3593129 core:Non-currentFinancialInstruments 2024-05-31 3593129 core:ShareCapital 2025-05-31 3593129 core:ShareCapital 2024-05-31 3593129 core:RetainedEarningsAccumulatedLosses 2025-05-31 3593129 core:RetainedEarningsAccumulatedLosses 2024-05-31 3593129 bus:Director1 2024-06-01 2025-05-31 3593129 bus:Director2 2024-06-01 2025-05-31 3593129 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 3593129 core:PlantMachinery 2024-06-01 2025-05-31 3593129 core:FurnitureFittings 2024-06-01 2025-05-31 3593129 core:MotorVehicles 2024-06-01 2025-05-31 3593129 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-31 3593129 core:PlantMachinery 2024-05-31 3593129 core:FurnitureFittings 2024-05-31 3593129 core:MotorVehicles 2024-05-31 3593129 2024-05-31 3593129 core:BetweenTwoFiveYears 2025-05-31 3593129 core:BetweenTwoFiveYears 2024-05-31 3593129 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 3593129 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 3593129 bus:FRS102 2024-06-01 2025-05-31 3593129 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 3593129 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP