P & B Hodgson And Sons Limited - Accounts to registrar (filleted) - small 23.2.5

P & B Hodgson And Sons Limited - Accounts to registrar (filleted) - small 23.2.5

P & B HODGSON AND SONS LIMITED - Company Information

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REGISTERED NUMBER: 05399551 (England and Wales)

















P & B HODGSON AND SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023





Socius Accountants Limited
Excel House
Millbrook Lane
Wragby
Lincolnshire
LN8 5AB








P & B HODGSON AND SONS LIMITED (REGISTERED NUMBER: 05399551)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


P & B HODGSON AND SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P S Hodgson
K P Hodgson





SECRETARY: P S Hodgson





REGISTERED OFFICE: Excel House Millbrook Lane
Wragby
Market Rasen
Lincolnshire
LN8 5AB





BUSINESS ADDRESS: Kelham Farm
Tumby Woodside
Boston
Lincolnshire
PE22 7SP





REGISTERED NUMBER: 05399551 (England and Wales)





ACCOUNTANTS: Socius Accountants Limited
Excel House
Millbrook Lane
Wragby
Lincolnshire
LN8 5AB
Page 1
P & B HODGSON AND SONS LIMITED (REGISTERED NUMBER: 05399551)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 63,374 72,256
63,374 72,256

CURRENT ASSETS
Inventories 60,427 71,555
Debtors 29,406 50,944
Cash at bank 212,929 174,254
302,762 296,753
CREDITORS
Amounts falling due within one year 166,199 171,681
NET CURRENT ASSETS 136,563 125,072
TOTAL ASSETS LESS CURRENT
LIABILITIES
199,937
197,328

PROVISIONS FOR LIABILITIES 11,458 13,102
NET ASSETS 188,479 184,226

CAPITAL AND RESERVES
Called up share capital 2 2
Capital redemption reserve 1 1
Retained earnings 188,476 184,223
188,479 184,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
P & B HODGSON AND SONS LIMITED (REGISTERED NUMBER: 05399551)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 21 August 2023 and were signed on its behalf by:




K P Hodgson - Director



P S Hodgson - Director


The notes form part of these financial statements

Page 3
P & B HODGSON AND SONS LIMITED (REGISTERED NUMBER: 05399551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

P & B Hodgson And Sons 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
The sugar beet quota is amortised straight line over 3 years commencing on 1 April 2010. The set aside entitlement is amortised straight line over 5 years commencing on 1 April 2007.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants fixtures - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Tractors - 25% on reducing balance and 15% on reducing balance
Computer equipment - 15% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Page 4 continued...
P & B HODGSON AND SONS LIMITED (REGISTERED NUMBER: 05399551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 4,083
AMORTISATION
At 1 April 2022
and 31 March 2023 4,083
NET BOOK VALUE

At 31 March 2023 -
At 31 March 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 April 2022 427,974
Additions 2,695
At 31 March 2023 430,669
DEPRECIATION
At 1 April 2022 355,718
Charge for year 11,577
At 31 March 2023 367,295
NET BOOK VALUE
At 31 March 2023 63,374
At 31 March 2022 72,256

Page 5