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REGISTERED NUMBER: 01432417 (England and Wales)



















HILL & WEBSTER (HANDLING) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






HILL & WEBSTER (HANDLING) LIMITED (REGISTERED NUMBER: 01432417)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


HILL & WEBSTER (HANDLING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr P A Webster
Mrs J E Woolliscroft





SECRETARY: Mrs J E Woolliscroft





REGISTERED OFFICE: Moor Farm Road East
Airfield Industrial Estate
ASHBOURNE
Derbyshire
DE6 1HA





REGISTERED NUMBER: 01432417 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

HILL & WEBSTER (HANDLING) LIMITED (REGISTERED NUMBER: 01432417)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 924,622 846,208
Investments 5 139,185 139,185
1,063,807 985,393

CURRENT ASSETS
Stocks 72,100 36,895
Debtors 6 649,065 734,959
Cash at bank 240,401 135,469
961,566 907,323
CREDITORS
Amounts falling due within one year 7 523,125 495,627
NET CURRENT ASSETS 438,441 411,696
TOTAL ASSETS LESS CURRENT LIABILITIES 1,502,248 1,397,089

CREDITORS
Amounts falling due after more than one year 8 (69,227 ) (24,179 )

PROVISIONS FOR LIABILITIES (46,089 ) (46,804 )
NET ASSETS 1,386,932 1,326,106

CAPITAL AND RESERVES
Called up share capital 10 123 123
Share premium 136,662 136,662
Revaluation reserve 11 302,482 304,125
Other reserves 10 10
Retained earnings 947,655 885,186
SHAREHOLDERS' FUNDS 1,386,932 1,326,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 & WEBSTER (HANDLING) LIMITED (REGISTERED NUMBER: 01432417)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mr P A Webster - Director


HILL & WEBSTER (HANDLING) LIMITED (REGISTERED NUMBER: 01432417)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Hill & Webster (Handling) 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Hill & Webster (Handling) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


HILL & WEBSTER (HANDLING) LIMITED (REGISTERED NUMBER: 01432417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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 for the directors. The amounts charged to the profit and loss account in respect of pension costs is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

The company also operates 'Personal Pension Plans' whereby the company agrees to pay, for eligible employees, a defined contribution into the employee's own personal pension schemes. The company's liability is limited to the amount of the contribution.

The liability for meeting future pension payments rests solely with the employee's personal pension scheme.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 20 ) .

HILL & WEBSTER (HANDLING) LIMITED (REGISTERED NUMBER: 01432417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2023 637,513 858,457 121,186 146,985 1,764,141
Additions - 128,873 7,141 32,736 168,750
Disposals - (87,000 ) - (31,510 ) (118,510 )
At 31 December 2023 637,513 900,330 128,327 148,211 1,814,381
DEPRECIATION
At 1 January 2023 42,116 691,160 103,116 81,541 917,933
Charge for year 6,750 39,242 3,034 21,029 70,055
Eliminated on disposal - (69,873 ) - (28,356 ) (98,229 )
At 31 December 2023 48,866 660,529 106,150 74,214 889,759
NET BOOK VALUE
At 31 December 2023 588,647 239,801 22,177 73,997 924,622
At 31 December 2022 595,397 167,297 18,070 65,444 846,208

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2023 637,513 - - - 637,513
Cost - 900,330 128,327 148,211 1,176,868
637,513 900,330 128,327 148,211 1,814,381

If Freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 461,969 461,969
Aggregate depreciation 175,804 170,697

Value of land in freehold land and buildings 86,198 86,198


HILL & WEBSTER (HANDLING) LIMITED (REGISTERED NUMBER: 01432417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS
Interest
Shares in in other
group participating
undertakings interests Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 136,685 2,500 139,185
NET BOOK VALUE
At 31 December 2023 136,685 2,500 139,185
At 31 December 2022 136,685 2,500 139,185

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 590,213 553,324
Amounts recoverable on contract - 97,283
Other debtors 4,700 38,871
Corporation tax 109 -
Prepayments and accrued income 54,043 45,481
649,065 734,959

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 29,881 13,173
Trade creditors 173,149 230,001
Amounts owed to group undertakings 136,954 136,954
Social security and other taxes 45,787 42,870
VAT 102,971 38,607
Other creditors 22,106 22,715
Directors' current accounts 6,442 5,282
Accruals and deferred income 5,835 6,025
523,125 495,627

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 69,227 24,179

HILL & WEBSTER (HANDLING) LIMITED (REGISTERED NUMBER: 01432417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 99,108 37,352

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
123 Ordinary £1 123 123

11. RESERVES
Revaluation
reserve
£   
At 1 January 2023 304,125
Transfer (1,643 )

At 31 December 2023 302,482

12. RELATED PARTY DISCLOSURES

Included in other debtors is an amount due from a related party amounting to £4,700 (2022:£10,200) on which no interest is being charged.

Included in current liabilities are loans from directors amounting to £6,442 (2022:£5,282) on which no interest is being charged.