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REGISTERED NUMBER: 10871734 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Hill Plastering Contractors Limited

Hill Plastering Contractors Limited (Registered number: 10871734)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hill Plastering Contractors Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: J T Hill





SECRETARY: J T Hill





REGISTERED OFFICE: Unit 2, Heatherclose Business Park
Markfield Lane
Botcheston
Leicester
LE9 9FH





REGISTERED NUMBER: 10871734 (England and Wales)





ACCOUNTANTS: SJS Accountancy Services
1 North Street
Wigston
Leicester
LE18 1PS

Hill Plastering Contractors Limited (Registered number: 10871734)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,112 11,411

CURRENT ASSETS
Stocks 47,843 49,607
Debtors 5 187,278 64,269
Cash at bank 95,340 20,696
330,461 134,572
CREDITORS
Amounts falling due within one year 6 296,835 102,268
NET CURRENT ASSETS 33,626 32,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,738

43,715

CREDITORS
Amounts falling due after more than one
year

7

31,461

39,682
NET ASSETS 22,277 4,033

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 22,276 4,032
SHAREHOLDERS' FUNDS 22,277 4,033

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

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

Hill Plastering Contractors Limited (Registered number: 10871734)

Balance Sheet - continued
31 July 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 9 February 2024 and were signed by:





J T Hill - Director


Hill Plastering Contractors Limited (Registered number: 10871734)

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

1. STATUTORY INFORMATION

Hill Plastering Contractors 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.
Plant and machinery etc - 33% on cost, 20% on reducing balance and 15% on reducing balance

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

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.

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.

Hill Plastering Contractors Limited (Registered number: 10871734)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 20,144
Additions 14,716
At 31 July 2023 34,860
DEPRECIATION
At 1 August 2022 8,733
Charge for year 6,015
At 31 July 2023 14,748
NET BOOK VALUE
At 31 July 2023 20,112
At 31 July 2022 11,411

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 143,522 50,636
Other debtors 43,756 13,633
187,278 64,269

Other debtors amounting to £43,756 (2022 - £13,633) is represented by prepayments of £4,359 (2022 - £3,478), retentions of £19,006 (2022 - £263) and a VAT debtor of £20,391 (2022 - £9,892).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 113,870 5,066
Trade creditors 81,154 35,593
Taxation and social security 63,509 10,828
Other creditors 38,302 50,781
296,835 102,268

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 31,461 39,682

Hill Plastering Contractors Limited (Registered number: 10871734)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.23 31.7.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,424 19,419