2023-03-312024-03-312024-03-31false14773050PAUL HILL LTD2024-08-19iso4217:GBPxbrli:pure147730502023-03-31147730502024-03-31147730502023-03-312024-03-31147730502023-03-30147730502023-03-30147730502023-03-302023-03-3014773050bus:SmallEntities2023-03-312024-03-3114773050bus:AuditExempt-NoAccountantsReport2023-03-312024-03-3114773050bus:FullAccounts2023-03-312024-03-3114773050bus:PrivateLimitedCompanyLtd2023-03-312024-03-3114773050core:WithinOneYear2024-03-3114773050core:AfterOneYear2024-03-3114773050core:WithinOneYear2023-03-3014773050core:AfterOneYear2023-03-3014773050core:ShareCapital2024-03-3114773050core:SharePremium2024-03-3114773050core:RevaluationReserve2024-03-3114773050core:OtherReservesSubtotal2024-03-3114773050core:RetainedEarningsAccumulatedLosses2024-03-3114773050core:ShareCapital2023-03-3014773050core:SharePremium2023-03-3014773050core:RevaluationReserve2023-03-3014773050core:OtherReservesSubtotal2023-03-3014773050core:RetainedEarningsAccumulatedLosses2023-03-3014773050core:LandBuildings2024-03-3114773050core:PlantMachinery2024-03-3114773050core:Vehicles2024-03-3114773050core:FurnitureFittings2024-03-3114773050core:OfficeEquipment2024-03-3114773050core:NetGoodwill2024-03-3114773050core:IntangibleAssetsOtherThanGoodwill2024-03-3114773050core:ListedExchangeTraded2024-03-3114773050core:UnlistedNon-exchangeTraded2024-03-3114773050core:LandBuildings2023-03-3014773050core:PlantMachinery2023-03-3014773050core:Vehicles2023-03-3014773050core:FurnitureFittings2023-03-3014773050core:OfficeEquipment2023-03-3014773050core:NetGoodwill2023-03-3014773050core:IntangibleAssetsOtherThanGoodwill2023-03-3014773050core:ListedExchangeTraded2023-03-3014773050core:UnlistedNon-exchangeTraded2023-03-3014773050core:LandBuildings2023-03-312024-03-3114773050core:PlantMachinery2023-03-312024-03-3114773050core:Vehicles2023-03-312024-03-3114773050core:FurnitureFittings2023-03-312024-03-3114773050core:OfficeEquipment2023-03-312024-03-3114773050core:NetGoodwill2023-03-312024-03-3114773050core:IntangibleAssetsOtherThanGoodwill2023-03-312024-03-3114773050core:ListedExchangeTraded2023-03-312024-03-3114773050core:UnlistedNon-exchangeTraded2023-03-312024-03-3114773050core:MoreThanFiveYears2023-03-312024-03-3114773050core:Non-currentFinancialInstruments2024-03-3114773050core:Non-currentFinancialInstruments2023-03-3014773050dpl:CostSales2023-03-312024-03-3114773050dpl:DistributionCosts2023-03-312024-03-3114773050core:LandBuildings2023-03-312024-03-3114773050core:PlantMachinery2023-03-312024-03-3114773050core:Vehicles2023-03-312024-03-3114773050core:FurnitureFittings2023-03-312024-03-3114773050core:OfficeEquipment2023-03-312024-03-3114773050dpl:AdministrativeExpenses2023-03-312024-03-3114773050core:NetGoodwill2023-03-312024-03-3114773050core:IntangibleAssetsOtherThanGoodwill2023-03-312024-03-3114773050dpl:GroupUndertakings2023-03-312024-03-3114773050dpl:ParticipatingInterests2023-03-312024-03-3114773050dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-312024-03-3114773050core:ListedExchangeTraded2023-03-312024-03-3114773050dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-312024-03-3114773050core:UnlistedNon-exchangeTraded2023-03-312024-03-3114773050dpl:CostSales2023-03-302023-03-3014773050dpl:DistributionCosts2023-03-302023-03-3014773050core:LandBuildings2023-03-302023-03-3014773050core:PlantMachinery2023-03-302023-03-3014773050core:Vehicles2023-03-302023-03-3014773050core:FurnitureFittings2023-03-302023-03-3014773050core:OfficeEquipment2023-03-302023-03-3014773050dpl:AdministrativeExpenses2023-03-302023-03-3014773050core:NetGoodwill2023-03-302023-03-3014773050core:IntangibleAssetsOtherThanGoodwill2023-03-302023-03-3014773050dpl:GroupUndertakings2023-03-302023-03-3014773050dpl:ParticipatingInterests2023-03-302023-03-3014773050dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-302023-03-3014773050core:ListedExchangeTraded2023-03-302023-03-3014773050dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-302023-03-3014773050core:UnlistedNon-exchangeTraded2023-03-302023-03-3014773050core:NetGoodwill2024-03-3114773050core:IntangibleAssetsOtherThanGoodwill2024-03-3114773050core:LandBuildings2024-03-3114773050core:PlantMachinery2024-03-3114773050core:Vehicles2024-03-3114773050core:FurnitureFittings2024-03-3114773050core:OfficeEquipment2024-03-3114773050core:AfterOneYear2024-03-3114773050core:WithinOneYear2024-03-3114773050core:ListedExchangeTraded2024-03-3114773050core:UnlistedNon-exchangeTraded2024-03-3114773050core:ShareCapital2024-03-3114773050core:SharePremium2024-03-3114773050core:RevaluationReserve2024-03-3114773050core:OtherReservesSubtotal2024-03-3114773050core:RetainedEarningsAccumulatedLosses2024-03-3114773050core:NetGoodwill2023-03-3014773050core:IntangibleAssetsOtherThanGoodwill2023-03-3014773050core:LandBuildings2023-03-3014773050core:PlantMachinery2023-03-3014773050core:Vehicles2023-03-3014773050core:FurnitureFittings2023-03-3014773050core:OfficeEquipment2023-03-3014773050core:AfterOneYear2023-03-3014773050core:WithinOneYear2023-03-3014773050core:ListedExchangeTraded2023-03-3014773050core:UnlistedNon-exchangeTraded2023-03-3014773050core:ShareCapital2023-03-3014773050core:SharePremium2023-03-3014773050core:RevaluationReserve2023-03-3014773050core:OtherReservesSubtotal2023-03-3014773050core:RetainedEarningsAccumulatedLosses2023-03-3014773050core:NetGoodwill2023-03-3014773050core:IntangibleAssetsOtherThanGoodwill2023-03-3014773050core:LandBuildings2023-03-3014773050core:PlantMachinery2023-03-3014773050core:Vehicles2023-03-3014773050core:FurnitureFittings2023-03-3014773050core:OfficeEquipment2023-03-3014773050core:AfterOneYear2023-03-3014773050core:WithinOneYear2023-03-3014773050core:ListedExchangeTraded2023-03-3014773050core:UnlistedNon-exchangeTraded2023-03-3014773050core:ShareCapital2023-03-3014773050core:SharePremium2023-03-3014773050core:RevaluationReserve2023-03-3014773050core:OtherReservesSubtotal2023-03-3014773050core:RetainedEarningsAccumulatedLosses2023-03-3014773050core:AfterOneYear2023-03-312024-03-3114773050core:WithinOneYear2023-03-312024-03-3114773050core:Non-currentFinancialInstrumentscore:CostValuation2023-03-312024-03-3114773050core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-312024-03-3114773050core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-312024-03-3114773050core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-312024-03-3114773050core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-312024-03-3114773050core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-312024-03-3114773050core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-312024-03-3114773050core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-312024-03-3114773050core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-312024-03-3114773050core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3114773050core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3114773050core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3114773050core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3114773050core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3114773050core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3114773050core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3114773050core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3114773050core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3114773050core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3014773050core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3014773050core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3014773050core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3014773050core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3014773050core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3014773050core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3014773050core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3014773050core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3014773050bus:Director12023-03-312024-03-3114773050core:FurnitureFittingsToolsEquipment2023-03-312024-03-3114773050core:FurnitureFittingsToolsEquipment2024-03-3114773050core:FurnitureFittingsToolsEquipment2023-03-30

PAUL HILL LTD

Registered Number
14773050
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

PAUL HILL LTD
Company Information
for the period from 31 March 2023 to 31 March 2024

Director

Paul Hill

Registered Address

Moduron Delfryn Owens Motors, Old Coach House
Southgate
Aberystwyth
SY23 1RZ

Place of Business

Moduron Delfryn Owens Motors

Old Coach House

Southgate

Aberystwyth

SY23 1RZ


Registered Number

14773050 (England and Wales)
PAUL HILL LTD
Statement of Financial Position
31 March 2024

Notes

2024

£

£

Fixed assets
Intangible assets399,000
Tangible assets410,629
109,629
Current assets
Stocks540,715
Debtors9,776
Cash at bank and on hand3,694
54,185
Creditors amounts falling due within one year6(120,645)
Net current assets (liabilities)(66,460)
Total assets less current liabilities43,169
Net assets43,169
Capital and reserves
Called up share capital100
Profit and loss account43,069
Shareholders' funds43,169
The financial statements were approved and authorised for issue by the Director on 19 August 2024, and are signed on its behalf by:
Paul Hill
Director
Registered Company No. 14773050
PAUL HILL LTD
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings4
Vehicles5
Office Equipment3
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

2024
Average number of employees during the year10
3.Intangible assets

Goodwill

Total

££
Cost or valuation
Additions110,000110,000
At 31 March 24110,000110,000
Amortisation and impairment
Charge for year11,00011,000
At 31 March 2411,00011,000
Net book value
At 31 March 2499,00099,000
At 30 March 23--
4.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
Additions12,00097045013,420
At 31 March 2412,00097045013,420
Depreciation and impairment
Charge for year2,4002431482,791
At 31 March 242,4002431482,791
Net book value
At 31 March 249,60072730210,629
At 30 March 23----
5.Stocks

2024

£
Finished goods40,715
Total40,715
6.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables10,157
Taxation and social security44,449
Other creditors59,976
Accrued liabilities and deferred income6,063
Total120,645
7.Related party transactions
The company is controlled by its directors and majority shareholder: Mr P Hill Directors received dividends in the year totalling £17,900 and rental income of £20,240.