Company No: 03014030 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,082,006		686,760
		1,082,006		686,760
Current assets
Stocks	4	1,699,315		757,857
Debtors	5	1,690,481		888,995
Cash at bank and in hand		245,245		138
		3,635,041		1,646,990
Creditors: amounts falling due within one year	6	( 3,470,605)		( 1,667,108)
Net current assets/(liabilities)		164,436		(20,118)
Total assets less current liabilities		1,246,442		666,642
Creditors: amounts falling due after more than one year	7	( 565,676)		( 345,761)
Provision for liabilities		( 235,619)		( 131,923)
Net assets		445,147		188,958
Capital and reserves
Called-up share capital		64		64
Profit and loss account		445,083		188,894
Total shareholder's funds		445,147		188,958

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of K & J Hodge Contractors Limited (registered number: 03014030) were approved and authorised for issue by the Board of Directors on 24 November 2025. They were signed on its behalf by:

J Hodge Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

K & J Hodge Contractors Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hammer's Yard Greenway Lane, Thornfalcon, Taunton, TA3 5NF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the Balance Sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance
Fixtures and fittings	5 years straight line
Office equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Borrowing costs

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Assets held under hire purchase agreements are capitalised as tangible fixed assets with the future obligation being recognised as a liability. Finance costs are recognised in the Profit and Loss Account calculated at a constant periodic rate of interest over the term of the liability.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	47		39

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	1,519,431		375,237		8,305		2,616		1,905,589
Additions	513,664		53,500		0		0		567,164
Disposals	0		( 10,100)		0		0		( 10,100)
At 31 March 2025	2,033,095		418,637		8,305		2,616		2,462,653
Accumulated depreciation
At 01 April 2024	1,002,788		205,591		8,303		2,147		1,218,829
Charge for the financial year	132,271		38,182		2		141		170,596
Disposals	0		( 8,778)		0		0		( 8,778)
At 31 March 2025	1,135,059		234,995		8,305		2,288		1,380,647
Net book value
At 31 March 2025	898,036		183,642		0		328		1,082,006
At 31 March 2024	516,643		169,646		2		469		686,760
Leased assets included above:
Net book value
At 31 March 2025	665,575		14,097		0		0		679,672
At 31 March 2024	223,138		30,607		0		0		253,745

4. Stocks

	2025		2024
	£		£
Stocks	327,580		152,583
Work in progress	1,371,735		605,274
	1,699,315		757,857

5. Debtors

	2025		2024
	£		£
Trade debtors	920,520		340,533
Other debtors	769,961		548,462
	1,690,481		888,995

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	60,000		192,978
Trade creditors	1,916,036		775,590
Amounts owed to Group undertakings	2,867		0
Taxation and social security	236,564		75,133
Obligations under finance leases and hire purchase contracts (secured)	343,441		138,326
Other creditors	911,697		485,081
	3,470,605		1,667,108

Bank overdrafts are secured by a personal guarantee.

Obligations under finance leases and hire purchase contracts are secured against the asset to which they relate.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	35,000		95,000
Obligations under finance leases and hire purchase contracts (secured)	530,676		250,761
	565,676		345,761

Obligations under finance leases and hire purchase contracts are secured against the asset to which they relate.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	6,552		0

Obligations under finance leases and hire purchase contracts are secured against the asset to which they relate.

8. Related party transactions

Transactions with the entity's directors

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

K Hodge

At 1 April 2024, the balance owed by K Hodge was £19,250. During the year, £1,325 was advanced to the director, and £2,600 was repaid by the director. At 31 March 2025 the balance owed by the director was £17,975.

At 1 April 2023, the balance owed by K Hodge was £20,500. During the year, £2,825 was advanced to the director, and £4,075 was repaid by the director. At 31 March 2024, the balance owed by the director was £19,250.

J Hodge

At 1 April 2024, the balance owed by J Hodge was £5,468. During the year, £19,402 was advanced to the director, and £5,150 was repaid by the director. At 31 March 2025, the balance owed by the director was £19,720.

At 1 April 2023, the balance owed by J Hodge was £16,840. During the year, £19,844 was advanced to the director, and £31,216 was repaid by the director. At 31 March 2024, the balance owed by the director was £5,468.