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Registered number:
FOR THE YEAR ENDED 30 NOVEMBER 2025
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W HODGSON (HARTLEPOOL) LIMITED
COMPANY INFORMATION
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W HODGSON (HARTLEPOOL) LIMITED
CONTENTS
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W HODGSON (HARTLEPOOL) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2025
The directors present their report and the financial statements for the year ended 30 November 2025.
The directors are responsible for preparing the strategic report, the directors' report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £1,699,855 (2024 - £1,546,144).
Dividends totalling £1,395,000 were paid to the outgoing shareholders in the period up to the sale of the company in July 2025.
The directors who served during the year were:
The directors and management anticipate a similar, if not stronger trading performance in the next financial year as they develop and expand the range of products offered.
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W HODGSON (HARTLEPOOL) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
The auditors, Waltons Business Advisers Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on
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W HODGSON (HARTLEPOOL) LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2025
The directors present the strategic report for the year ended 30 November 2025.
The Company’s operating profit increased to £2,219,000 (2024: £1,662,000) and profit after taxation increased to £1,700,000 (2024: £1,546,000) due to increased sales and better cost control.
The Company’s net assets position at 30 June 2024 of £5,708,000 improved to net assets of £6,013,000 as at 30 June 2025. Trade creditors at 30 June 2025 represented 35 days (2024: 31 days). It is the Company's policy in respect of all suppliers to agree payment terms in advance of the supply of goods and to adhere to those payment terms wherever practicable.
The Company's activities expose it to a variety of financial risks, market risk and credit risk. The Company's overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Company's financial performance. The Company uses derivative financial instruments to hedge specific purchases of raw material, such as forward currency contracts to hedge against purchases in foreign currencies, this establishes a predictable cost price for the organisation. The business is exposed to a market that can have an inherently high credit risk. We insure against the failure of credit customers, when the insurance is available at a price that is acceptable to the Company. This coupled with tight credit control and a credit risk management team that review the risk of current customers helps to mitigate against credit failure.
Inflation is a risk to the business if the Company cannot pass on increasing fixed and variable costs to customers, this is mitigated by daily price reviews and good relationships with customers. The UK’s economic conditions pose somewhat of a risk to the business as the country continues to grapple with high interest rates as a result of prior years’ extreme inflation. These factors have the ability to reduce demand for the services of our Company’s customers and therefore the Company continues to advise upon opportunities for our existing customers and also to prospect for, and win, new business.
The board monitors company performance using a range of indicators, some of the most significant of which
are as follows:- Key performance indicators 2025 2024 2023 2022 2021 (in respect of trading company) Sales growth 1.3% (1.9)% (3.8)% 33.6% 29.3% Gross profit growth 1.1% 0.1% (5.3)% 31.7% 25.0% Gross profit % 26.4% 26.5% 26% 26.4% 26.8% Cash at bank and in hand £3,959k £4,312k £4,834k £4,001k £3,341k
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W HODGSON (HARTLEPOOL) LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
This report was approved by the board on 16 July 2026 and signed on its behalf.
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W HODGSON (HARTLEPOOL) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF W HODGSON (HARTLEPOOL) LIMITED
We have audited the financial statements of W Hodgson (Hartlepool) Limited (the 'Company') for the year ended 30 November 2025, which comprise the statement of comprehensive income, the analysis of net debt, the balance sheet, the statement of cash flows, the statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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W HODGSON (HARTLEPOOL) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF W HODGSON (HARTLEPOOL) LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.
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W HODGSON (HARTLEPOOL) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF W HODGSON (HARTLEPOOL) LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We gained an understanding of the legal and regulatory framework applicable to the company and the area in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We identified the greatest potential for fraud in the following areas: existence and timing of recognition of income and the posting of unusual journals. We discussed these risks with management and designed audit procedures as follows: • to test the timing and existence of revenue, • to review journals posted to key control accounts or posted around the year end to look for potential “window dressing” as well as looking at a sample throughout the year.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors' report.
This report is made solely to the Company's directors, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's directors those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditors
Harbour Walk
The Marina
TS24 0UX
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W HODGSON (HARTLEPOOL) LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 NOVEMBER 2025
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W HODGSON (HARTLEPOOL) LIMITED
REGISTERED NUMBER: 01679298
BALANCE SHEET
AS AT 30 NOVEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 13 to 27 form part of these financial statements.
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