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REGISTERED NUMBER: 04614596 (England and Wales)












CHARLES H HILL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






CHARLES H HILL LIMITED (REGISTERED NUMBER: 04614596)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CHARLES H HILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G H Hill
Mrs J L Hill
Mrs M E Hill





SECRETARY: G H Hill





REGISTERED OFFICE: Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ





REGISTERED NUMBER: 04614596 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

CHARLES H HILL LIMITED (REGISTERED NUMBER: 04614596)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,825
Property, plant and equipment 5 79,925 80,198
79,925 82,023

CURRENT ASSETS
Inventories 366,953 446,707
Debtors 6 54,639 65,529
Cash at bank and in hand 1,018,901 1,121,101
1,440,493 1,633,337
CREDITORS
Amounts falling due within one year 7 157,535 222,658
NET CURRENT ASSETS 1,282,958 1,410,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,362,883

1,492,702

PROVISIONS FOR LIABILITIES 5,646 5,765
NET ASSETS 1,357,237 1,486,937

CAPITAL AND RESERVES
Called up share capital 550 550
Retained earnings 1,356,687 1,486,387
SHAREHOLDERS' FUNDS 1,357,237 1,486,937

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 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.

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 18 July 2024 and were signed on its behalf by:





G H Hill - Director


CHARLES H HILL LIMITED (REGISTERED NUMBER: 04614596)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Charles H 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
Revenue 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 2003, is being amortised evenly over its estimated useful life of 20 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 the cost less estimated residual value of each asset over its estimated useful life.
Property improvements - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Tractors - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

CHARLES H HILL LIMITED (REGISTERED NUMBER: 04614596)

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 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 146,000
AMORTISATION
At 1 January 2023 144,175
Amortisation for year 1,825
At 31 December 2023 146,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1,825

5. PROPERTY, PLANT AND EQUIPMENT
Property Plant and
improvements machinery Tractors
£    £    £   
COST
At 1 January 2023 96,734 47,914 2,293
Additions 8,139 4,424 -
At 31 December 2023 104,873 52,338 2,293
DEPRECIATION
At 1 January 2023 46,880 34,886 2,285
Charge for year 7,783 2,509 2
At 31 December 2023 54,663 37,395 2,287
NET BOOK VALUE
At 31 December 2023 50,210 14,943 6
At 31 December 2022 49,854 13,028 8

CHARLES H HILL LIMITED (REGISTERED NUMBER: 04614596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 63,549 27,718 238,208
Additions - 1,080 13,643
At 31 December 2023 63,549 28,798 251,851
DEPRECIATION
At 1 January 2023 54,811 19,148 158,010
Charge for year 2,185 1,437 13,916
At 31 December 2023 56,996 20,585 171,926
NET BOOK VALUE
At 31 December 2023 6,553 8,213 79,925
At 31 December 2022 8,738 8,570 80,198

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,953 46,730
Other debtors 22,686 18,799
54,639 65,529

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 131,487 147,328
Taxation and social security 19,949 25,009
Other creditors 6,099 50,321
157,535 222,658

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
G H Hill
Balance outstanding at start of year (39,631 ) (43,253 )
Amounts advanced 131,567 38,131
Amounts repaid (88,509 ) (34,509 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,427 (39,631 )

CHARLES H HILL LIMITED (REGISTERED NUMBER: 04614596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs J L Hill
Balance outstanding at start of year 5,344 4,886
Amounts advanced 472 458
Amounts repaid (5,816 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,344