Hildon (SW) Limited |
Notes to the Accounts |
for the year ended 30 April 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts 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). |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
over 5 years |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 May 2023 |
521 |
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Additions |
2,452 |
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At 30 April 2024 |
2,973 |
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Depreciation |
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At 1 May 2023 |
104 |
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Charge for the year |
595 |
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At 30 April 2024 |
699 |
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Net book value |
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At 30 April 2024 |
2,274 |
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At 30 April 2023 |
417 |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Other debtors |
124 |
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329 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Trade creditors |
412 |
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348 |
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Other creditors |
162,557 |
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158,522 |
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162,969 |
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158,870 |
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6 |
Controlling party |
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The company is controlled by G Neale and H Durbin. |
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7 |
Other information |
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Hildon (SW) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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16 Avon Wharf |
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Bridge Street |
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Christchurch |
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Dorset |
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BH23 1DJ |