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Company Registration No. 10440423 (England and Wales)
HILLYJO LTD Unaudited accounts for the year ended 30 November 2023
HILLYJO LTD Unaudited accounts Contents
Page
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HILLYJO LTD Company Information for the year ended 30 November 2023
Directors
Mr R.D.A. Johnson Mrs H. Karaman Johnson
Company Number
10440423 (England and Wales)
Registered Office
Unit 12 Apollo Park Wroxton Banbury Oxfordshire OX15 6AY England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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HILLYJO LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
200 
1,391 
Debtors
1,059 
2,600 
Cash at bank and in hand
1,056 
924 
2,315 
4,915 
Creditors: amounts falling due within one year
(6,243)
(15,624)
Net current liabilities
(3,928)
(10,709)
Net liabilities
(3,928)
(10,709)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(3,929)
(10,710)
Shareholders' funds
(3,928)
(10,709)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2024 and were signed on its behalf by
Mrs H. Karaman Johnson Director Company Registration No. 10440423
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HILLYJO LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
HILLYJO LTD is a private company, limited by shares, registered in England and Wales, registration number 10440423. The registered office is Unit 12 Apollo Park, Wroxton, Banbury, Oxfordshire, OX15 6AY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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HILLYJO LTD Notes to the Accounts for the year ended 30 November 2023
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
917 
2,508 
Amounts falling due after more than one year
Accrued income and prepayments
93 
92 
Other debtors
49 
- 
142 
92 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
7 
30 
Loans from directors
5,656 
15,050 
Accruals
580 
544 
6,243 
15,624 
6
Deferred taxation
2023 
2022 
£ 
£ 
Tax losses carried forward
(917)
(2,508)
2023 
2022 
£ 
£ 
Provision at start of year
(2,508)
(2,249)
Charged/(credited) to the profit and loss account
1,591 
(259)
Provision at end of year
(917)
(2,508)
7
Transactions with related parties
The directors have introduced funds into the business to provide working capital. The amount owed to the directors at the year end stood at £5,656 (2022-15,050). The loans are repayable on demand.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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