2021-03-01 NI606185 2022-02-28 NI606185 2021-03-01 2022-02-28 NI606185 2021-02-28 NI606185 2020-03-01 2021-02-28 NI606185 uk-core:WithinOneYear 2021-02-28 NI606185 uk-core:WithinOneYear 2022-02-28 NI606185 uk-core:AfterOneYear 2021-02-28 NI606185 uk-core:AfterOneYear 2022-02-28 NI606185 uk-core:ShareCapital 2022-02-28 NI606185 uk-core:ShareCapital 2021-02-28 NI606185 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 NI606185 uk-core:RetainedEarningsAccumulatedLosses 2021-02-28 NI606185 uk-bus:Director1 2021-03-01 2022-02-28 NI606185 uk-core:LandBuildings 2021-03-01 2022-02-28 NI606185 uk-core:PlantMachinery 2021-03-01 2022-02-28 NI606185 uk-core:ComputerEquipment 2021-03-01 2022-02-28 NI606185 uk-core:CommercialMotorVehicles 2021-03-01 2022-02-28 NI606185 uk-core:AfterOneYear uk-core:Secured 2022-02-28 NI606185 uk-core:AfterOneYear uk-core:Secured 2021-02-28 iso4217:GBP xbrli:pure NI606185 uk-bus:AuditExemptWithAccountantsReport 2021-03-01 2022-02-28 NI606185 uk-bus:FRS102 2021-03-01 2022-02-28 NI606185 uk-bus:FullAccounts 2021-03-01 2022-02-28 NI606185 uk-bus:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28
Hill Renewables Limited
Registered Number:NI606185
For the year ended 28 February 2022
Northern Ireland
Unaudited Financial Statements
2
For the year ended 28 February 2022
Hill Renewables Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
NI606185
As at 28 February 2022
Hill Renewables Limited
Abridged Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
2
Property, plant and equipment
404,418
449,998
404,418
449,998
Current assets
528,266
Cash and cash equivalents
697,987
697,987
528,266
Trade and other payables: amounts falling due within one
year
(271,730)
(288,033)
3
256,536
409,954
Net current assets
Total assets less current liabilities
814,372
706,534
Trade and other payables: amounts falling due after more
than one year
(200,000)
(193,455)
4
(64,101)
(70,387)
Provisions for liabilities
556,816
Net assets
436,147
Capital and reserves
Called up share capital
110
100
Retained earnings
556,706
436,047
556,816
436,147
Shareholders' funds
For the year ended 28 February 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
All the members have consented to the preparation of an Abridged Statement of Financial Position for the year ended
28 February 2022 in accordance with Section 444 (2A) of the Companies Act 2006.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
NI606185
For the year ended 28 February 2022
Hill Renewables Limited
Abridged Statement of Financial Position Continued
Mr Darren Hill Director
These financial statements were approved and authorised for issue by the Board on 05 September 2022 and were signed by:
The notes form part of these financial statements
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5
For the year ended 28 February 2022
Hill Renewables Limited
Notes to the Financial Statements
Statutory Information
Hill Renewables Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI606185.
Registered address:
20 Seagahan Road
Collone
Armagh
Armagh
BT60 2BH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
4 Reducing balance
Plant and Machinery
10 Reducing balance
25 Reducing balance
Computer Equipment
20 Reducing balance
Motor Vehicles
2. Fixed assets
Property, plant
and
equipment
£
Cost or valuation
At 01 March 2021
854,621
At 28 February 2022
854,621
Provision for depreciation,
amortisation and impairment
At 01 March 2021
404,623
45,580
Charge for year
At 28 February 2022
450,203
Net book value
At 28 February 2022
404,418
At 28 February 2021
449,998
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6
For the year ended 28 February 2022
Hill Renewables Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Taxation and social security
53,106
61,176
Other creditors
234,927
210,554
288,033
271,730
4. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
43,455
50,000
Other creditors
150,000
150,000
193,455
200,000
5. Average number of persons employed
During the year the average number of employees was 1 (2021 : 1)
6. Transition to FRS 102
The company transitioned to FRS 102 from previously extant UK GAAP as at the 1 March 2016. There was no
impact from the transition to FRS 102 on the previous financial year which requires adjusting.
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