REGISTERED NUMBER: 04500978 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

HOBBS RECOVERY SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M D Hobbs

REGISTERED OFFICE:

HRS

Chaucer Industrial Estate

Dittons Road

Polegate

East Sussex

BN26 6JF

REGISTERED NUMBER:

04500978 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Eastbourne) Limited

18 Hyde Gardens

Eastbourne

East Sussex

BN21 4PT

FIXED ASSETS

Intangible assets

4

13,000

26,000

Tangible assets

5

1,464,548

1,356,975

1,477,548

1,382,975

CURRENT ASSETS

Debtors

6

598,576

605,716

Cash at bank and in hand

1,143,570

1,080,918

1,742,146

1,686,634

CREDITORS

Amounts falling due within one year

7

696,595

761,655

NET CURRENT ASSETS

1,045,551

924,979

TOTAL ASSETS LESS CURRENT LIABILITIES

2,523,099

2,307,954

CREDITORS

Amounts falling due after more than one year

8

(603,022

)

(553,938

)

PROVISIONS FOR LIABILITIES

(304,208

)

(256,120

)

NET ASSETS

1,615,869

1,497,896

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,615,867

1,497,894

1,615,869

1,497,896

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 July 2026 and were signed by:

M D Hobbs - Director

1.	STATUTORY INFORMATION

Hobbs Recovery Services 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.

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 represents consideration received or receivable for vehicle recovery services, measured at fair value, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the performance obligations associated with the transaction have been satisfied.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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.

Going concern

After reviewing the company's forecasts, the directors believe that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of the approval of these financial statements. Therefore, the directors have concluded that the going concern basis of preparation of these financial statements remains appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2024 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

72,500

AMORTISATION

At 1 November 2024

46,500

Charge for year

13,000

At 31 October 2025

59,500

NET BOOK VALUE

At 31 October 2025

13,000

At 31 October 2024

26,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 November 2024

19,508

266,714

167,660

2,308,826

2,762,708

Additions

-

95,290

33,166

468,184

596,640

Disposals

-

(270

)

-

(293,569

)

(293,839

)

At 31 October 2025

19,508

361,734

200,826

2,483,441

3,065,509

DEPRECIATION

At 1 November 2024

2,047

143,533

130,145

1,130,008

1,405,733

Charge for year

1,024

21,778

22,467

325,815

371,084

Eliminated on disposal

-

(129

)

-

(175,727

)

(175,856

)

At 31 October 2025

3,071

165,182

152,612

1,280,096

1,600,961

NET BOOK VALUE

At 31 October 2025

16,437

196,552

48,214

1,203,345

1,464,548

At 31 October 2024

17,461

123,181

37,515

1,178,818

1,356,975

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

248,368

293,948

Other debtors

350,208

311,768

598,576

605,716

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,033

10,332

Hire purchase contracts and finance leases

266,155

275,248

Trade creditors

166,265

179,964

Taxation and social security

225,810

288,567

Other creditors

31,332

7,544

696,595

761,655

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

7,033

Hire purchase contracts and finance leases

603,022

546,905

603,022

553,938

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

M D Hobbs

Balance outstanding at start of year

-

-

Amounts advanced

5,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,000

-