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REGISTERED NUMBER: 01876857 (England and Wales)










Financial Statements

for the Year Ended 31 March 2024

for

Hill Builders (Humberside) Limited

Hill Builders (Humberside) Limited (Registered number: 01876857)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hill Builders (Humberside) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr B Leckey
Mr M C W Cole





SECRETARY: Mr B Leckey





REGISTERED OFFICE: 17a Parkinson Avenue
Scunthorpe
North Lincolnshire
DN15 7JY





REGISTERED NUMBER: 01876857 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 32/33 Normany Gateway,
Lysaghts Way,
Scunthorpe
North Lincolnshire
DN15 9YG

Hill Builders (Humberside) Limited (Registered number: 01876857)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 47,637 28,833

CURRENT ASSETS
Stocks 15,350 40,942
Debtors 5 78,406 176,087
Cash at bank and in hand 436,876 345,658
530,632 562,687
CREDITORS
Amounts falling due within one year 6 (299,509 ) (318,804 )
NET CURRENT ASSETS 231,123 243,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,760

272,716

CREDITORS
Amounts falling due after more than one
year

7

(14,089

)

(28,342

)

PROVISIONS FOR LIABILITIES (8,963 ) (5,370 )
NET ASSETS 255,708 239,004

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 9 255,605 238,901
255,708 239,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Hill Builders (Humberside) Limited (Registered number: 01876857)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:




Mr B Leckey - Director



Mr M C W Cole - Director


Hill Builders (Humberside) Limited (Registered number: 01876857)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hill Builders (Humberside) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 20% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - at varying rates according to type
Computer equipment - 15% on reducing balance

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hill Builders (Humberside) Limited (Registered number: 01876857)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 13,498 13,336 98,250 7,416 132,500
Additions - - 28,837 - 28,837
Disposals - - (5,150 ) - (5,150 )
At 31 March 2024 13,498 13,336 121,937 7,416 156,187
DEPRECIATION
At 1 April 2023 13,498 13,214 70,244 6,711 103,667
Charge for year - 18 8,670 106 8,794
Eliminated on disposal - - (3,911 ) - (3,911 )
At 31 March 2024 13,498 13,232 75,003 6,817 108,550
NET BOOK VALUE
At 31 March 2024 - 104 46,934 599 47,637
At 31 March 2023 - 122 28,006 705 28,833

Hill Builders (Humberside) Limited (Registered number: 01876857)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 29,995
DEPRECIATION
At 1 April 2023 9,496
Charge for year 5,125
At 31 March 2024 14,621
NET BOOK VALUE
At 31 March 2024 15,374
At 31 March 2023 20,499

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,570 169,730
Other debtors 4,748 5,350
Other debtors and prepayments 1,088 1,007
78,406 176,087

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Hire purchase contracts 4,253 3,873
Trade creditors 26,171 86,743
Corporation tax 9,785 38,694
VAT 84,349 87,783
Other creditors 33,500 43,700
Directors' current accounts 37,540 40,094
Accruals and deferred income 17,042 4,956
Accrued expenses 76,869 2,961
299,509 318,804

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 13,333 23,333
Hire purchase contracts 756 5,009
14,089 28,342

Hill Builders (Humberside) Limited (Registered number: 01876857)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 13,333 23,333

9. RESERVES
Retained
earnings
£   

At 1 April 2023 238,901
Profit for the year 56,704
Dividends (40,000 )
At 31 March 2024 255,605