2023-03-01 NI606185 2024-02-29 NI606185 2023-03-01 2024-02-29 NI606185 2023-02-28 NI606185 2022-03-01 2023-02-28 NI606185 uk-core:WithinOneYear 2023-02-28 NI606185 uk-core:WithinOneYear 2024-02-29 NI606185 uk-core:AfterOneYear 2023-02-28 NI606185 uk-core:AfterOneYear 2024-02-29 NI606185 uk-core:ShareCapital 2024-02-29 NI606185 uk-core:ShareCapital 2023-02-28 NI606185 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 NI606185 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI606185 uk-bus:Director1 2023-03-01 2024-02-29 NI606185 uk-core:LandBuildings 2023-03-01 2024-02-29 NI606185 uk-core:PlantMachinery 2023-03-01 2024-02-29 NI606185 uk-core:ComputerEquipment 2023-03-01 2024-02-29 NI606185 uk-core:CommercialMotorVehicles 2023-03-01 2024-02-29 NI606185 uk-core:WithinOneYear 2024-02-29 NI606185 uk-core:WithinOneYear 2023-02-28 NI606185 uk-core:AfterOneYear uk-core:Secured 2024-02-29 NI606185 uk-core:AfterOneYear uk-core:Secured 2023-02-28 iso4217:GBP xbrli:pure NI606185 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 NI606185 uk-bus:FRS102 2023-03-01 2024-02-29 NI606185 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 NI606185 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
Hill Renewables Limited
Registered Number:NI606185
For the year ended 29 February 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 29 February 2024
Hill Renewables Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
NI606185
As at 29 February 2024
Hill Renewables Limited
Abridged Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
2
Property, plant and equipment
388,725
392,169
388,725
392,169
Current assets
Trade and other receivables
101,707
656,322
915,379
Cash and cash equivalents
431,657
1,087,979
1,017,086
Trade and other payables: amounts falling due within one
year
(257,296)
(198,396)
3
759,790
889,583
Net current assets
Total assets less current liabilities
1,278,308
1,151,959
Trade and other payables: amounts falling due after more
than one year
(273,185)
(250,000)
4
(92,950)
(63,721)
Provisions for liabilities
935,358
Net assets
815,053
Capital and reserves
Called up share capital
130
110
Retained earnings
935,228
814,943
935,358
815,053
Shareholders' funds
For the year ended 29 February 2024 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 of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
All the members have consented to the preparation of an Abridged Statement of Financial Position for the year ended 29 February 2024 in accordance with Section 444 (2A) of the Companies Act 2006.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
NI606185
For the year ended 29 February 2024
Hill Renewables Limited
Abridged Statement of Financial Position Continued
Mr Maurice Hill Director
These financial statements were approved and authorised for issue by the Board on 28 August 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 29 February 2024
Hill Renewables Limited
Notes to the Financial Statements
Statutory Information
Hill Renewables Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI606185.
Registered address:
20 Seagahan Road
Collone
Armagh
Armagh
BT60 2BH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
4 Reducing balance
Plant and Machinery
10 Reducing balance
25 Reducing balance
Computer Equipment
20 Reducing balance
Motor Vehicles
2. Fixed assets
Property, plant
and
equipment
£
Cost or valuation
At 01 March 2023
886,435
Additions
40,125
At 29 February 2024
926,560
Provision for depreciation,
amortisation and impairment
At 01 March 2023
494,266
43,569
Charge for year
At 29 February 2024
537,835
Net book value
At 29 February 2024
388,725
At 28 February 2023
392,169
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6
For the year ended 29 February 2024
Hill Renewables Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
-
10,652
Taxation and social security
80,831
81,606
Other creditors
117,565
165,038
198,396
257,296
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
-
23,185
Other creditors
250,000
250,000
250,000
273,185
5. Average number of persons employed
During the year the average number of employees was1 (2023 : 1)
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