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REGISTERED NUMBER: 11264666 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

HILDERBRAND'S REMOVALS & STORAGE LTD

HILDERBRAND'S REMOVALS & STORAGE LTD (REGISTERED NUMBER: 11264666)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HILDERBRAND'S REMOVALS & STORAGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: J Hilderbrand





REGISTERED OFFICE: Westgate House
87 St Dunstan's Street
Canterbury
Kent
CT2 8AE





REGISTERED NUMBER: 11264666 (England and Wales)





ACCOUNTANTS: Spain Brothers & Co
Chartered Accountants
Westgate House
87 St Dunstans Street
Canterbury
Kent
CT2 8AE

HILDERBRAND'S REMOVALS & STORAGE LTD (REGISTERED NUMBER: 11264666)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 165,451 229,095
Investment property 5 592,530 395,430
757,981 624,525

CURRENT ASSETS
Debtors 6 325,314 63,589
Cash at bank 4,652 373,431
329,966 437,020
CREDITORS
Amounts falling due within one year 7 116,154 127,963
NET CURRENT ASSETS 213,812 309,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

971,793

933,582

CREDITORS
Amounts falling due after more than one
year

8

(43,000

)

(68,800

)

PROVISIONS FOR LIABILITIES (38,376 ) (45,723 )
NET ASSETS 890,417 819,059

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 890,317 818,959
SHAREHOLDERS' FUNDS 890,417 819,059

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HILDERBRAND'S REMOVALS & STORAGE LTD (REGISTERED NUMBER: 11264666)

BALANCE SHEET - continued
31ST 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 director and authorised for issue on 13th September 2024 and were signed by:





J Hilderbrand - Director


HILDERBRAND'S REMOVALS & STORAGE LTD (REGISTERED NUMBER: 11264666)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Hilderbrand's Removals & Storage Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

When the outcome of a transaction can be estimated reliably, turnover from removal and storage services are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to time apportionment.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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.

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on straight line
Computer equipment - 25% on straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


HILDERBRAND'S REMOVALS & STORAGE LTD (REGISTERED NUMBER: 11264666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 15 ) .

HILDERBRAND'S REMOVALS & STORAGE LTD (REGISTERED NUMBER: 11264666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st April 2023 474,995 36,667 3,839 515,501
Additions - - 350 350
Disposals (37,449 ) - - (37,449 )
At 31st March 2024 437,546 36,667 4,189 478,402
DEPRECIATION
At 1st April 2023 259,546 24,071 2,789 286,406
Charge for year 57,723 866 329 58,918
Eliminated on disposal (32,373 ) - - (32,373 )
At 31st March 2024 284,896 24,937 3,118 312,951
NET BOOK VALUE
At 31st March 2024 152,650 11,730 1,071 165,451
At 31st March 2023 215,449 12,596 1,050 229,095

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st April 2023 173,955
Transfer to ownership (39,534 )
At 31st March 2024 134,421
DEPRECIATION
At 1st April 2023 14,002
Charge for year 52,684
At 31st March 2024 66,686
NET BOOK VALUE
At 31st March 2024 67,735
At 31st March 2023 159,953

HILDERBRAND'S REMOVALS & STORAGE LTD (REGISTERED NUMBER: 11264666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 395,430
Additions 197,100
At 31st March 2024 592,530
NET BOOK VALUE
At 31st March 2024 592,530
At 31st March 2023 395,430

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,908 45,391
Other debtors 305,406 18,198
325,314 63,589

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 25,800 25,800
Trade creditors 30,500 64,373
Taxation and social security 48,984 33,035
Other creditors 10,870 4,755
116,154 127,963

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 43,000 68,800

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 68,800 94,600

Obligations under hire purchase contracts are secured on the assets concerned.

HILDERBRAND'S REMOVALS & STORAGE LTD (REGISTERED NUMBER: 11264666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS OVERDRAWN LOAN ACCOUNT

At the year end there was an overdrawn directors loan account of £74,318 (2023: £6,899). This was repaid shortly after the year end.