2022-02-01 11780200 2023-01-31 11780200 2022-02-01 2023-01-31 11780200 2022-01-31 11780200 2021-02-01 2022-01-31 11780200 uk-core:WithinOneYear 2022-01-31 11780200 uk-core:WithinOneYear 2023-01-31 11780200 uk-core:AfterOneYear 2022-01-31 11780200 uk-core:AfterOneYear 2023-01-31 11780200 uk-core:ShareCapital 2023-01-31 11780200 uk-core:ShareCapital 2022-01-31 11780200 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 11780200 uk-core:RetainedEarningsAccumulatedLosses 2022-01-31 11780200 uk-bus:Director1 2022-02-01 2023-01-31 11780200 uk-core:LeaseholdImprovements 2022-02-01 2023-01-31 11780200 uk-core:PlantMachinery 2022-02-01 2023-01-31 11780200 uk-core:ComputerEquipment 2022-02-01 2023-01-31 11780200 uk-core:FurnitureFittings 2022-02-01 2023-01-31 11780200 uk-core:ComputerEquipment 2022-01-31 11780200 uk-core:FurnitureFittings 2022-01-31 11780200 uk-core:PlantMachinery 2022-01-31 11780200 uk-core:LeaseholdImprovements 2022-01-31 11780200 uk-core:PlantMachinery 2023-01-31 11780200 uk-core:FurnitureFittings 2023-01-31 11780200 uk-core:ComputerEquipment 2023-01-31 11780200 uk-core:LeaseholdImprovements 2023-01-31 11780200 uk-core:WithinOneYear 2023-01-31 11780200 uk-core:WithinOneYear 2022-01-31 11780200 uk-core:AfterOneYear uk-core:Secured 2023-01-31 11780200 uk-core:AfterOneYear uk-core:Secured 2022-01-31 iso4217:GBP xbrli:pure 11780200 uk-bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11780200 uk-bus:FRS102 2022-02-01 2023-01-31 11780200 uk-bus:FullAccounts 2022-02-01 2023-01-31 11780200 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
Market Hill Ltd
Registered Number:11780200
For the year ended 31 January 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2023
Market Hill Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
11780200
As at 31 January 2023
Market Hill Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
91,445
87,639
2
91,445
87,639
Current assets
Inventories
30,161
38,442
3
Trade and other receivables
1,995
4,645
4
21,788
Cash and cash equivalents
78,069
121,156
53,944
Trade and other payables: amounts falling due within one
year
(203,781)
(151,003)
5
(149,837)
(29,847)
Net current liabilities
Total assets less current liabilities
61,598
(62,198)
Trade and other payables: amounts falling due after more
than one year
(33,333)
(23,333)
6
(10,730)
(7,995)
Provisions for liabilities
27,535
Net assets/liabilities
(103,526)
Capital and reserves
Called up share capital
1
1
Retained earnings
27,534
(103,527)
27,535
(103,526)
Shareholders' funds
For the year ended 31 January 2023 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 31 January 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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.
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 :
11780200
For the year ended 31 January 2023
Market Hill Ltd
Statement of Financial Position Continued
D E Clarke Director
These financial statements were approved and authorised for issue by the Board on 25 October 2023 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 January 2023
Market Hill Ltd
Notes to the Financial Statements
Statutory Information
Market Hill Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
11780200.
Registered address:
The Bull Inn
Market Hill
Woodbridge
Suffolk
IP12 4LR
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
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
5% Per annum on cost
Plant and Machinery
25% Straight line
33.33% Straight line
Computer Equipment
25% Straight line
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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6
For the year ended 31 January 2023
Market Hill Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 February 2022
126,672
1,073
34,484
32,484
58,631
29,078
-
14,131
10,872
4,075
Additions
(180)
-
(470)
(248)
Disposals
(898)
At 31 January 2023
42,886
48,615
893
154,852
62,458
Provision for depreciation and impairment
At 01 February 2022
39,033
906
18,906
16,721
2,500
Charge for year
24,866
88
11,435
10,073
3,270
(492)
(155)
-
(310)
(27)
On disposal
At 31 January 2023
63,407
839
30,341
26,484
5,743
At 31 January 2023
Net book value
56,715
16,402
18,274
54
91,445
At 31 January 2022
56,131
15,763
15,578
167
87,639
3. Inventories
2022
2023
£
£
Stocks
38,442
30,161
4. Trade and other receivables
2022
2023
£
£
Other debtors
4,645
1,995
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
40,139
51,244
Taxation and social security
29,762
23,541
Other creditors
71,102
118,996
151,003
203,781
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7
For the year ended 31 January 2023
Market Hill Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
23,333
33,333
7. Related party transactions
D E Clarke - Director Owner, amount due to related party at the balance sheet date £24,716 (2022 £79,366).
8. Average number of persons employed
During the year the average number of employees was 24 (2022 : 16)
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