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REGISTERED NUMBER: 00713699 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

G HILL LIMITED

G HILL LIMITED (REGISTERED NUMBER: 00713699)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G HILL LIMITED

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTORS: Mrs M L Hill
G S Hill
C P G Hill
H M G Hill





SECRETARY: G S Hill





REGISTERED OFFICE: Coppull Hall
Coppull Hall Lane
Coppull
Chorley
Lancashire
PR7 4BP





REGISTERED NUMBER: 00713699 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

G HILL LIMITED (REGISTERED NUMBER: 00713699)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,789,135 1,631,301

CURRENT ASSETS
Stocks 500 425
Debtors 5 195,110 95,213
Cash at bank and in hand 734,511 1,020,603
930,121 1,116,241
CREDITORS
Amounts falling due within one year 6 (211,596 ) (247,505 )
NET CURRENT ASSETS 718,525 868,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,507,660

2,500,037

PROVISIONS FOR LIABILITIES (251,742 ) (231,152 )
NET ASSETS 2,255,918 2,268,885

CAPITAL AND RESERVES
Called up share capital 2,600 3,600
Capital redemption reserve 3,400 2,400
Retained earnings 2,249,918 2,262,885
2,255,918 2,268,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

G HILL LIMITED (REGISTERED NUMBER: 00713699)

BALANCE SHEET - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by:





G S Hill - Director


G HILL LIMITED (REGISTERED NUMBER: 00713699)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024

1. STATUTORY INFORMATION

G Hill 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

G HILL LIMITED (REGISTERED NUMBER: 00713699)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Going concern
The company has at its disposal a lengthy and consistent record of strong cash generation which is more than sufficient to meet its day-to-day working capital requirements. Together with the positive bank balance at the year end, the directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future and for at least 12 months from the date that these Financial statements are approved. Therefore, the company continues to adopt the going concern basis in preparing the Financial statements

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 87 (2023 - 90 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 2,013,897 944,473 - 56,063 3,014,433
Additions - 170,668 115,066 16,520 302,254
At 31 January 2024 2,013,897 1,115,141 115,066 72,583 3,316,687
DEPRECIATION
At 1 February 2023 667,406 688,890 - 26,836 1,383,132
Charge for year 40,278 63,938 28,767 11,437 144,420
At 31 January 2024 707,684 752,828 28,767 38,273 1,527,552
NET BOOK VALUE
At 31 January 2024 1,306,213 362,313 86,299 34,310 1,789,135
At 31 January 2023 1,346,491 255,583 - 29,227 1,631,301

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 123,032 79,188
Other debtors 56,988 2,500
Prepayments 15,090 13,525
195,110 95,213

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,315 68,834
Tax 86,962 79,280
Social security and other taxes 34,204 -
Other creditors 41,425 19,616
Directors' current accounts 249 3,023
Accruals and deferred income 20,441 76,752
211,596 247,505

G HILL LIMITED (REGISTERED NUMBER: 00713699)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mrs M L Hill and G S Hill
Balance outstanding at start of year - -
Amounts advanced 969 -
Amounts repaid (969 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

C P G Hill
Balance outstanding at start of year - -
Amounts advanced 42,450 -
Amounts repaid (42,450 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

H M G Hill
Balance outstanding at start of year - -
Amounts advanced 10,096 -
Amounts repaid (10,096 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan to the directors was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £310,500 (2023 - £250,500) were paid to the directors .