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REGISTERED NUMBER: 10612804 (England and Wales)















C M Hill Construction Limited

Unaudited Financial Statements for the Year Ended 28 February 2023






C M Hill Construction Limited (Registered number: 10612804)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C M Hill Construction Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: C M Hill
Miss L Golding





REGISTERED OFFICE: 19 Slade Close
Ottery St Mary
Devon
EX11 1SX





REGISTERED NUMBER: 10612804 (England and Wales)





ACCOUNTANTS: Haines Watts Accountants (Exeter) Limited
3 Southernhay West
Exeter
Devon
EX1 1JG

C M Hill Construction Limited (Registered number: 10612804)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 26,762 39,507
26,762 39,507

CURRENT ASSETS
Stocks 13,081 -
Debtors 7 114,196 109,124
Cash at bank - 12,994
127,277 122,118
CREDITORS
Amounts falling due within one year 8 (170,713 ) (109,950 )
NET CURRENT (LIABILITIES)/ASSETS (43,436 ) 12,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,674

)

51,675

CREDITORS
Amounts falling due after more than one
year

9

(16,833

)

(32,462

)

PROVISIONS FOR LIABILITIES (7,507 ) (7,507 )
NET (LIABILITIES)/ASSETS (41,014 ) 11,706

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (41,114 ) 11,606
(41,014 ) 11,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

C M Hill Construction Limited (Registered number: 10612804)

Balance Sheet - continued
28 February 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





C M Hill - Director


C M Hill Construction Limited (Registered number: 10612804)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

C M Hill Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% straight line
Fixtures and fittings - 25% straight line
Motor vehicles - 25% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


C M Hill Construction Limited (Registered number: 10612804)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 10,000
AMORTISATION
At 1 March 2022
and 28 February 2023 10,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

C M Hill Construction Limited (Registered number: 10612804)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 72,757 1,589 52,469 126,815
Additions 3,342 - - 3,342
At 28 February 2023 76,099 1,589 52,469 130,157
DEPRECIATION
At 1 March 2022 56,738 1,589 28,981 87,308
Charge for year 10,214 - 5,873 16,087
At 28 February 2023 66,952 1,589 34,854 103,395
NET BOOK VALUE
At 28 February 2023 9,147 - 17,615 26,762
At 28 February 2022 16,019 - 23,488 39,507

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors
and accrued income 111,212 67,083
Provision for bad debts (74,559 ) (27,442 )
Other debtors 19,056 2,612
Directors' current accounts 52,019 46,510
VAT 5,022 -
Prepayments and accrued income 1,446 20,361
114,196 109,124

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,631 7,000
Hire purchase contracts 8,640 13,834
Trade creditors 45,168 26,674
Tax 40,968 38,483
Social security and other taxes 26,915 7,936
VAT - 13,081
Other creditors 416 175
Accrued expenses 2,975 2,767
170,713 109,950

C M Hill Construction Limited (Registered number: 10612804)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 7,164 7,000
Bank loans - 2-5 years 9,100 15,762
Hire purchase contracts 569 9,700
16,833 32,462

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
C M Hill
Balance outstanding at start of year 23,255 17,370
Amounts advanced 27,755 43,285
Amounts repaid (25,000 ) (37,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,010 23,255

Miss L Golding
Balance outstanding at start of year 23,255 17,370
Amounts advanced 27,754 43,285
Amounts repaid (25,000 ) (37,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,009 23,255

11. RELATED PARTIES AND POST BALANCE SHEET EVENTS

South West Concrete Pumping Limited
South West Concrete Pumping Limited and the company are under common control.

At the date the dividends were voted, the Directors were of the opinion that the company was profitable and there was no indication that the related party company was in distress.

Since the Balance Sheet date, the related party company has ceased trading and has entered into an insolvent liquidation. There is no reasonable expectation that the company will be paid and therefore, a full bad debt provision has been made.