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REGISTERED NUMBER: 06452821 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hilson Filtration Products Ltd

Hilson Filtration Products Ltd (Registered number: 06452821)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hilson Filtration Products Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: V Mistry





SECRETARY: Mrs S Mistry





REGISTERED OFFICE: Portland St South
Ashton-Under-Lyne
Lancashire
OL6 7RE





REGISTERED NUMBER: 06452821 (England and Wales)





ACCOUNTANTS: MulliganWilliams
Unit 7, Salisbury House
Wheatfield Way
Hinckley
LEICESTER
LE10 1YG

Hilson Filtration Products Ltd (Registered number: 06452821)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 196,364 126,824

CURRENT ASSETS
Stocks 261,231 286,050
Debtors 5 557,681 441,093
Cash at bank 46,466 126,971
865,378 854,114
CREDITORS
Amounts falling due within one year 6 440,380 586,041
NET CURRENT ASSETS 424,998 268,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

621,362

394,897

CREDITORS
Amounts falling due after more than one
year

7

(15,741

)

(26,852

)

PROVISIONS FOR LIABILITIES (46,185 ) (24,097 )
NET ASSETS 559,436 343,948

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 549,436 333,948
SHAREHOLDERS' FUNDS 559,436 343,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Hilson Filtration Products Ltd (Registered number: 06452821)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2024 and were signed by:





V Mistry - Director


Hilson Filtration Products Ltd (Registered number: 06452821)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hilson Filtration Products Ltd 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.
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Hilson Filtration Products Ltd (Registered number: 06452821)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 214,951 - 36,382 251,333
Additions 72,573 9,917 16,888 99,378
At 31 December 2023 287,524 9,917 53,270 350,711
DEPRECIATION
At 1 January 2023 118,244 - 6,265 124,509
Charge for year 14,338 1,446 14,054 29,838
At 31 December 2023 132,582 1,446 20,319 154,347
NET BOOK VALUE
At 31 December 2023 154,942 8,471 32,951 196,364
At 31 December 2022 96,707 - 30,117 126,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 551,902 436,115
Other debtors 5,779 4,978
557,681 441,093

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 11,111 163,229
Trade creditors 306,192 280,806
Taxation and social security 116,603 136,040
Other creditors 6,474 5,966
440,380 586,041

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,741 26,852

Hilson Filtration Products Ltd (Registered number: 06452821)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Between one and five years 116,000 114,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10,000 Ordinary 1.00 10,000 10,000

10. RELATED PARTY DISCLOSURES

Hilson Filtration Products Ltd is wholly owned by Hilson UK Holdings Limited. Dividends of £80,000 (2022: £71,100) were paid to the Holding company during the year.

11. ULTIMATE CONTROLLING PARTY

The company is under the control of Hilson UK Holdings Limited, who own 100% of the issued share capital.

Mr & Mrs V Mistry have overall control of the company.