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REGISTERED NUMBER: SC316904 (Scotland)















Abridged Unaudited Financial Statements for the Year Ended 28 February 2022

for

Hillend Motors Limited

Hillend Motors Limited (Registered number: SC316904)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Hillend Motors Limited

Company Information
for the Year Ended 28 February 2022







DIRECTORS: T Linden
Mrs K Linden





SECRETARY: Mrs K Linden





REGISTERED OFFICE: 7b Perth Avenue
Cairnhill
Airdrie
ML6 9XB





REGISTERED NUMBER: SC316904 (Scotland)





ACCOUNTANT: Alan Carmichael C.A.
1/2
69 Clouston Street
Glasgow
G20 8QW

Hillend Motors Limited (Registered number: SC316904)

Abridged Balance Sheet
28 February 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 180,932 87,912

CURRENT ASSETS
Debtors 105,550 92,606
Cash at bank 25,239 81,880
130,789 174,486
CREDITORS
Amounts falling due within one year 153,755 125,971
NET CURRENT (LIABILITIES)/ASSETS (22,966 ) 48,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,966

136,427

CREDITORS
Amounts falling due after more than one
year

(66,932

)

(50,000

)

PROVISIONS FOR LIABILITIES (34,377 ) (16,703 )
NET ASSETS 56,657 69,724

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 56,653 69,720
SHAREHOLDERS' FUNDS 56,657 69,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

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 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.

Hillend Motors Limited (Registered number: SC316904)

Abridged Balance Sheet - continued
28 February 2022


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 Income Statement and an abridged Balance Sheet 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 were approved by the Board of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by:





T Linden - Director


Hillend Motors Limited (Registered number: SC316904)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

Hillend Motors 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.

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

Turnover represents invoiced deliveries of vehicles excluding value added tax.

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 - 10% on cost
Plant and machinery etc - 50% on reducing balance, 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
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.

Hillend Motors Limited (Registered number: SC316904)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

2. ACCOUNTING POLICIES - continued

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 8 (2021 - 14 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2021 562,157
Additions 152,244
Disposals (52,000 )
At 28 February 2022 662,401
DEPRECIATION
At 1 March 2021 474,245
Charge for year 42,987
Eliminated on disposal (35,763 )
At 28 February 2022 481,469
NET BOOK VALUE
At 28 February 2022 180,932
At 28 February 2021 87,912

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

Totals
£   
COST
Additions 59,500
At 28 February 2022 59,500
DEPRECIATION
Charge for year 6,198
At 28 February 2022 6,198
NET BOOK VALUE
At 28 February 2022 53,302

Hillend Motors Limited (Registered number: SC316904)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

5. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank overdrafts 2,866 2,729
Hire purchase contracts 48,376 -
51,242 2,729

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2022 and 28 February 2021:

2022 2021
£    £   
T Linden
Balance outstanding at start of year - 7,322
Amounts repaid - (7,322 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs K Linden
Balance outstanding at start of year - 7,321
Amounts repaid - (7,321 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The Directors' loans were repaid on 15 July 2020.
The company rents its premises for the directors at a market value of £30000 per annum.


7. ULTIMATE CONTROLLING PARTY

The controlling party is Thomas and Karen Linden.

The ultimate controlling party is Thomas and Karen Linden.