IRIS Accounts Production v23.3.1.45 05693721 Board of Directors Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056937212022-02-28056937212023-02-28056937212022-03-012023-02-28056937212021-02-28056937212021-03-012022-02-28056937212022-02-2805693721ns10:Originalns15:EnglandWales2022-03-012023-02-2805693721ns14:PoundSterlingns10:Original2022-03-012023-02-2805693721ns10:Originalns10:Director12022-03-012023-02-2805693721ns10:Original2022-03-012023-02-2805693721ns10:Originalns10:Director22022-03-012023-02-2805693721ns10:Original2023-02-2805693721ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2805693721ns10:Originalns10:SmallEntities2022-03-012023-02-2805693721ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2805693721ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2805693721ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2805693721ns10:Originalns10:FullAccounts2022-03-012023-02-2805693721ns10:CompanySecretary1ns10:Original2022-03-012023-02-2805693721ns10:Originalns10:RegisteredOffice2022-03-012023-02-2805693721ns10:Original2022-02-2805693721ns10:Originalns5:CurrentFinancialInstruments2023-02-2805693721ns10:Originalns5:CurrentFinancialInstruments2022-02-2805693721ns10:Originalns5:Non-currentFinancialInstruments2023-02-2805693721ns10:Originalns5:Non-currentFinancialInstruments2022-02-2805693721ns5:ShareCapitalns10:Original2023-02-2805693721ns5:ShareCapitalns10:Original2022-02-2805693721ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2805693721ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2805693721ns10:Originalns5:LandBuildings2022-03-012023-02-2805693721ns10:Originalns5:PlantMachinery2022-03-012023-02-2805693721ns10:Original2021-03-012022-02-2805693721ns10:Originalns5:LandBuildings2022-02-2805693721ns10:Originalns5:PlantMachinery2022-02-2805693721ns10:Original2022-02-2805693721ns10:Originalns5:LandBuildings2023-02-2805693721ns10:Originalns5:PlantMachinery2023-02-2805693721ns10:Originalns5:LandBuildings2022-02-2805693721ns10:Originalns5:PlantMachinery2022-02-2805693721ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2805693721ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28
REGISTERED NUMBER: 05693721 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

HILLMART LIMITED

HILLMART LIMITED (REGISTERED NUMBER: 05693721)

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


HILLMART LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: M Ahmed
M M Ahmed





SECRETARY: M M Ahmed





REGISTERED OFFICE: Wellington House
Aylesbury Road
Princes Risborough
Buckinghamshire
HP27 0JP





REGISTERED NUMBER: 05693721 (England and Wales)





ACCOUNTANTS: Partridges Accountancy Services Limited
Chartered Certified Accountants
Wellington House
Aylesbury Road
Princes Risborough
Buckinghamshire
HP27 0JP

HILLMART LIMITED (REGISTERED NUMBER: 05693721)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 191,268 249,597

CURRENT ASSETS
Stocks 18,000 15,000
Debtors 5 279,452 242,400
Cash at bank and in hand (9,855 ) 52,531
287,597 309,931
CREDITORS
Amounts falling due within one year 6 248,279 273,599
NET CURRENT ASSETS 39,318 36,332
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,586

285,929

CREDITORS
Amounts falling due after more than one
year

7

(24,843

)

(34,490

)

PROVISIONS FOR LIABILITIES (2,704 ) (3,669 )
NET ASSETS 203,039 247,770

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 202,939 247,670
SHAREHOLDERS' FUNDS 203,039 247,770

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.

HILLMART LIMITED (REGISTERED NUMBER: 05693721)

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:




M Ahmed - Director



M M Ahmed - Director


HILLMART LIMITED (REGISTERED NUMBER: 05693721)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Hillmart 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.
Land and buildings - at varying rates on cost
Plant and machinery etc - 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 Statement of Income and Retained Earnings, 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.

HILLMART LIMITED (REGISTERED NUMBER: 05693721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 349,778 569,483 919,261
DEPRECIATION
At 1 March 2022 262,345 407,319 669,664
Charge for year 17,788 40,541 58,329
At 28 February 2023 280,133 447,860 727,993
NET BOOK VALUE
At 28 February 2023 69,645 121,623 191,268
At 28 February 2022 87,433 162,164 249,597

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 279,452 242,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 1,305
Trade creditors 18,100 37,506
Taxation and social security 70,118 64,842
Other creditors 150,061 159,946
248,279 273,599

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 24,843 34,490

HILLMART LIMITED (REGISTERED NUMBER: 05693721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. CONTINGENT LIABILITIES

HSBC Bank PLC holds an Unlimited Composite Company Guarantee, given by High Street Cookham Limited, Beta UK Limited, Hillmart Limited, Maliks Express Limited and Maliks of Marlow Limited, to secure all liabilities of each other. All the companies included in the above are under the common control of the directors and shareholders of Hillmart Limited.

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed to Maliks of Marlow Limited, a company in which Mr M Ahmed is the controlling shareholder, an amount of £78,526.

At the balance sheet date the company owed to Maliks Express Limited, a company in which Mr M Ahmed is the controlling shareholder, an amount of £64,784.

The above loans are included in other creditors, are repayable on demand and do not attract interest.

At the balance sheet date the company was owed an amount of £159,540 from High Street Cookham Limited, a company in which Mr M Ahmed is the controlling shareholder.

At the balance sheet date the company was owed an amount of £78,730 from Beta UK Limited, a company in which Mr M Ahmed is the controlling shareholder.

At the balance sheet date the company was owed an amount of £4,788 from Maliks Express Cookham Ltd, a company in which Mr M Ahmed is the controlling shareholder.

The above loans are included in other debtors, are repayable on demand and do not attract interest.