2022-04-012023-03-312023-03-31false06339383HILLS ELECTRICAL SERVICES 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HILLS ELECTRICAL SERVICES LIMITED

Registered Number
06339383
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

HILLS ELECTRICAL SERVICES LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

Shaun Hill

Registered Address

Whitegates Ham Road
Creech St. Michael
Taunton
TA3 5PB

Registered Number

06339383 (England and Wales)
HILLS ELECTRICAL SERVICES LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets61,1731,190
1,1731,190
Current assets
Debtors747,61154,144
Cash at bank and on hand400-
48,01154,144
Creditors amounts falling due within one year8(22,795)(23,433)
Net current assets (liabilities)25,21630,711
Total assets less current liabilities26,38931,901
Creditors amounts falling due after one year9(25,100)(31,584)
Provisions for liabilities10(223)(226)
Net assets1,06691
Capital and reserves
Called up share capital22
Profit and loss account1,06489
Shareholders' funds1,06691
The financial statements were approved and authorised for issue by the Director on 4 May 2023, and are signed on its behalf by:
Shaun Hill
Director
Registered Company No. 06339383
HILLS ELECTRICAL SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Office Equipment25
Intangible assets policy
Goodwill on incorporation - this has been written off
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year22
5.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 228,3008,300
At 31 March 238,3008,300
Amortisation and impairment
At 01 April 228,3008,300
At 31 March 238,3008,300
Net book value
At 31 March 23--
At 31 March 22--
6.Property, plant and equipment

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 April 225,7499236,672
Additions-374374
At 31 March 235,7491,2977,046
Depreciation and impairment
At 01 April 224,6668165,482
Charge for year391-391
At 31 March 235,0578165,873
Net book value
At 31 March 236924811,173
At 31 March 221,0831071,190
7.Debtors

2023

2022

££
Trade debtors / trade receivables13,04721,025
Other debtors34,56433,119
Total47,61154,144
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Taxation and social security15,15113,621
Other creditors7,1199,288
Accrued liabilities and deferred income525524
Total22,79523,433
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts25,10031,584
Total25,10031,584
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)223226
Total223226