Hodge Plant Limited - Limited company accounts 25.1

REGISTERED NUMBER: SC208669 (Scotland)

Report of the Director and

Unaudited Financial Statements

For The Year Ended 31st January 2026

for

Hodge Plant Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

A Hodge

SECRETARY:

A Hodge

REGISTERED OFFICE:

Unit 21 Whistleberry Industrial Estate

Hamilton

Lanarkshire

ML3 0ED

REGISTERED NUMBER:

SC208669 (Scotland)

ACCOUNTANTS:

J S Mackie & Co Ltd

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

The director presents his report with the financial statements of the company for the year ended 31st January 2026.

DIRECTOR

A Hodge held office during the whole of the period from 1st February 2025 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A Hodge - Director

6th October 2026

TURNOVER

4,872,160

8,648,601

Cost of sales

(3,505,000

)

(7,042,895

)

GROSS PROFIT

1,367,160

1,605,706

Administrative expenses

(1,402,855

)

(1,480,683

)

(35,695

)

125,023

Other operating income

9,772

5,457

OPERATING (LOSS)/PROFIT

4

(25,923

)

130,480

Interest receivable and similar income

940

3,330

(24,983

)

133,810

Interest payable and similar expenses

(132,165

)

(106,542

)

(LOSS)/PROFIT BEFORE TAXATION

(157,148

)

27,268

Tax on (loss)/profit

7,749

75,998

(LOSS)/PROFIT FOR THE

FINANCIAL YEAR

(149,399

)

103,266

FIXED ASSETS

Tangible assets

5

9,085,005

9,318,176

CURRENT ASSETS

Stocks

3,611,912

3,327,268

Debtors

6

4,697,393

5,074,494

Cash at bank and in hand

2,820

189,202

8,312,125

8,590,964

CREDITORS

Amounts falling due within one year

7

(2,731,140

)

(3,460,330

)

NET CURRENT ASSETS

5,580,985

5,130,634

TOTAL ASSETS LESS CURRENT

LIABILITIES

14,665,990

14,448,810

CREDITORS

Amounts falling due after more than one

year

8

(878,573

)

(789,284

)

PROVISIONS FOR LIABILITIES

(1,501,828

)

(1,548,590

)

NET ASSETS

12,285,589

12,110,936

CAPITAL AND RESERVES

Called up share capital

1,000

Revaluation reserve

1,341,702

933,150

Retained earnings

10,942,887

11,176,786

SHAREHOLDERS' FUNDS

12,285,589

12,110,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 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 in accordance with the provisions applicable to companies subject to the small companies regime.

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

A Hodge - Director

1.	STATUTORY INFORMATION

Hodge Plant Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes including aggregate tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the cost incurred and to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised on ly to the extent that it is probable the expenses recognised will be recovered.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 6% on reducing balance

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

For quarry stocks, cost is determined based on the cost of production of the quarry product, including the labour cost directly attributable to the production.

Financial instruments

A financial asset or financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 34 (2025 - 35 ) .

4.	OPERATING (LOSS)/PROFIT

The operating loss (2025 - operating profit) is stated after charging:

2026

2025

£

Depreciation - owned assets

406,300

468,660

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1st February 2025

2,200,000

9,563,122

11,763,122

Additions

-

1,123,927

Disposals

-

(1,945,289

)

(1,945,289

)

Revaluations

-

408,552

At 31st January 2026

2,200,000

9,150,312

11,350,312

DEPRECIATION

At 1st February 2025

-

2,444,946

Charge for year

44,000

435,092

479,092

Eliminated on disposal

-

(658,731

)

(658,731

)

At 31st January 2026

44,000

2,221,307

2,265,307

NET BOOK VALUE

At 31st January 2026

2,156,000

6,929,005

9,085,005

At 31st January 2025

2,200,000

7,118,176

9,318,176

Cost or valuation at 31st January 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2024

2,200,000

-

2,200,000

Valuation in 2026

-

9,150,312

2,200,000

9,150,312

11,350,312

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

1,388,595

Aggregate depreciation

359,486

Freehold land and buildings were valued on fair value basis on 26th July 2024 by Allied Surveyors Scotland .

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

Plant and

machinery

etc

£

COST OR VALUATION

At 1st February 2025

1,317,886

Disposals

(276,558

)

At 31st January 2026

1,041,328

DEPRECIATION

At 1st February 2025

161,087

Charge for year

72,792

Eliminated on disposal

(32,191

)

At 31st January 2026

201,688

NET BOOK VALUE

At 31st January 2026

839,640

At 31st January 2025

1,156,799

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

659,641

868,762

Amounts owed by group undertakings

4,024,649

4,183,369

Other debtors

13,103

22,363

4,697,393

5,074,494

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

15,643

-

Hire purchase contracts

636,091

788,217

Trade creditors

1,558,546

2,272,328

Taxation and social security

446,965

342,741

Other creditors

73,895

57,044

2,731,140

3,460,330

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN

ONE YEAR

2026

2025

£

Hire purchase contracts

878,573

789,284

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2026 and 31st January 2025:

2026

2025

£

A Hodge

Balance outstanding at start of year

(283

)

47,691

Amounts advanced

60,780

62,026

Amounts repaid

(60,500

)

(110,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(3

)

(283

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is A Hodge.

A Hodge is sole director and 100% shareholder.