Caseware UK (AP4) 2021.0.152 2021.0.152 2023-03-312023-03-318true2022-04-01falseNo description of principal activity8trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05407655 2022-04-01 2023-03-31 05407655 2021-04-01 2022-03-31 05407655 2023-03-31 05407655 2022-03-31 05407655 c:Director2 2022-04-01 2023-03-31 05407655 d:PlantMachinery 2022-04-01 2023-03-31 05407655 d:PlantMachinery 2023-03-31 05407655 d:PlantMachinery 2022-03-31 05407655 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05407655 d:MotorVehicles 2022-04-01 2023-03-31 05407655 d:MotorVehicles 2023-03-31 05407655 d:MotorVehicles 2022-03-31 05407655 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05407655 d:FurnitureFittings 2022-04-01 2023-03-31 05407655 d:FurnitureFittings 2023-03-31 05407655 d:FurnitureFittings 2022-03-31 05407655 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05407655 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05407655 d:Goodwill 2023-03-31 05407655 d:Goodwill 2022-03-31 05407655 d:CurrentFinancialInstruments 2023-03-31 05407655 d:CurrentFinancialInstruments 2022-03-31 05407655 d:Non-currentFinancialInstruments 2023-03-31 05407655 d:Non-currentFinancialInstruments 2022-03-31 05407655 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05407655 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05407655 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05407655 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 05407655 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 05407655 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 05407655 d:ShareCapital 2023-03-31 05407655 d:ShareCapital 2022-03-31 05407655 d:RetainedEarningsAccumulatedLosses 2023-03-31 05407655 d:RetainedEarningsAccumulatedLosses 2022-03-31 05407655 c:FRS102 2022-04-01 2023-03-31 05407655 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05407655 c:FullAccounts 2022-04-01 2023-03-31 05407655 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05407655 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05407655 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 05407655









HILLSIDE DELIVERY SERVICE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
HILLSIDE DELIVERY SERVICE LIMITED
REGISTERED NUMBER: 05407655

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
45,073
37,848

  
45,073
37,848

Current assets
  

Stocks
  
100
100

Debtors: amounts falling due after more than one year
 6 
295,943
290,743

Debtors: amounts falling due within one year
 6 
71,324
56,356

Cash at bank and in hand
 7 
50
30,823

  
367,417
378,022

Creditors: amounts falling due within one year
 8 
(355,690)
(313,955)

Net current assets
  
 
 
11,727
 
 
64,067

Total assets less current liabilities
  
56,800
101,915

Creditors: amounts falling due after more than one year
 9 
(21,667)
(32,360)

Provisions for liabilities
  

Deferred tax
 11 
(7,786)
(6,363)

  
 
 
(7,786)
 
 
(6,363)

Net assets
  
27,347
63,192


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
27,345
63,190

  
27,347
63,192


Page 1

 
HILLSIDE DELIVERY SERVICE LIMITED
REGISTERED NUMBER: 05407655
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 November 2023.




P A Hill
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
HILLSIDE DELIVERY SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Hillside Delivery Service Limited is a private company limited by shares and incorporated in England.  It's registered office is Hilltec Yard, Spinnaker Road, Hempsted, Gloucester, Gloucestershire, GL2 5FD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
HILLSIDE DELIVERY SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Plant and machinery
-
25% straight-line
Motor vehicles
-
25% straight-line
Fixtures and fittings
-
25% straight-line



 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
HILLSIDE DELIVERY SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 5

 
HILLSIDE DELIVERY SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 - 8).

Page 6

 
HILLSIDE DELIVERY SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
30,000



At 31 March 2023

30,000



Amortisation


At 1 April 2022
30,000



At 31 March 2023

30,000



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 7

 
HILLSIDE DELIVERY SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2022
39,382
169,378
24,064
232,824


Additions
-
22,500
-
22,500


Disposals
-
(19,500)
(548)
(20,048)



At 31 March 2023

39,382
172,378
23,516
235,276



Depreciation


At 1 April 2022
34,746
140,009
20,221
194,976


Charge for the year on owned assets
1,798
10,621
1,707
14,126


Disposals
-
(18,625)
(274)
(18,899)



At 31 March 2023

36,544
132,005
21,654
190,203



Net book value



At 31 March 2023
2,838
40,373
1,862
45,073



At 31 March 2022
4,636
29,369
3,843
37,848

Page 8

 
HILLSIDE DELIVERY SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
295,943
290,743

295,943
290,743


2023
2022
£
£

Due within one year

Trade debtors
67,530
52,290

Other debtors
2,738
3,012

Prepayments and accrued income
1,056
1,054

71,324
56,356



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
50
30,823

Less: bank overdrafts
(20,596)
-

(20,546)
30,823



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
20,596
-

Bank loans
11,576
15,395

Trade creditors
19,473
8,663

Taxation and social security
27,350
41,446

Other creditors
274,875
246,656

Accruals and deferred income
1,820
1,795

355,690
313,955


Page 9

 
HILLSIDE DELIVERY SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
21,667
32,360

21,667
32,360



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
11,576
15,395


11,576
15,395


Amounts falling due 2-5 years

Bank loans
21,667
32,360


21,667
32,360


33,243
47,755



11.


Deferred taxation




2023


£






At beginning of year
(6,363)


Charged to the profit or loss
(1,423)



At end of year
(7,786)

Page 10

 
HILLSIDE DELIVERY SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
11.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(7,786)
(6,363)

(7,786)
(6,363)


12.


Controlling party

The parent company is Hillside Delivery Service Holdings Limited and its registered office is Hilltec Yard, Spinnaker Road, Hempsted, Gloucester, Gloucestershire, GL2 5FD.

 
Page 11