1 January 2023 false Taxfiler 2024.5 05635128business:PrivateLimitedCompanyLtd2023-01-012023-12-31 056351282022-12-31 056351282023-01-012023-12-31 05635128business:AuditExemptWithAccountantsReport2023-01-012023-12-31 05635128business:FilletedAccounts2023-01-012023-12-31 056351282023-12-31 05635128business:Director12023-01-012023-12-31 05635128business:Director22023-01-012023-12-31 05635128business:RegisteredOffice2023-01-012023-12-31 056351282022-12-31 05635128core:WithinOneYear2023-12-31 05635128core:WithinOneYear2022-12-31 05635128core:AfterOneYear2023-12-31 05635128core:AfterOneYear2022-12-31 05635128core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 05635128core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 05635128core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 05635128core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 05635128core:PreviouslyStatedAmount2023-12-31 05635128core:PreviouslyStatedAmount2022-12-31 05635128business:SmallEntities2023-01-012023-12-31 05635128countries:EnglandWales2023-01-012023-12-31 05635128core:LandBuildings2023-01-012023-12-31 05635128core:MotorVehicles2023-01-012023-12-31 05635128core:FurnitureFittings2023-01-012023-12-31 05635128core:ComputerEquipment2023-01-012023-12-31 05635128core:Goodwill2022-12-31 05635128core:Goodwill2023-12-31 05635128core:Goodwill2023-01-012023-12-31 05635128core:PlantMachinery2022-12-31 05635128core:MotorVehicles2022-12-31 05635128core:FurnitureFittings2022-12-31 05635128core:ComputerEquipment2022-12-31 05635128core:PlantMachinery2023-01-012023-12-31 05635128core:PlantMachinery2023-12-31 05635128core:MotorVehicles2023-12-31 05635128core:FurnitureFittings2023-12-31 05635128core:ComputerEquipment2023-12-31 056351282022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 05635128 (England and Wales)
Hill House Interiors Limited Unaudited accounts for the year ended 31 December 2023
Hill House Interiors Limited Unaudited accounts Contents
Page
- 2 -
Hill House Interiors Limited Company Information for the year ended 31 December 2023
Directors
Jennifer Bernadette Weiss Helen Jane Bygraves
Company Number
05635128 (England and Wales)
Registered Office
32-34 Baker Street Weybridge KT13 8AU England
Accountants
P10 Accountancy Ltd 77A Richmond Road Twickenham TW1 3AW
- 3 -
Hill House Interiors Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,500 
9,750 
Tangible assets
158,382 
206,759 
164,882 
216,509 
Current assets
Inventories
733,028 
491,987 
Debtors
792,227 
365,545 
Cash at bank and in hand
1,175,781 
1,224,969 
2,701,036 
2,082,501 
Creditors: amounts falling due within one year
(748,761)
(472,547)
Net current assets
1,952,275 
1,609,954 
Total assets less current liabilities
2,117,157 
1,826,463 
Creditors: amounts falling due after more than one year
(60,000)
(95,492)
Provisions for liabilities
Deferred tax
(37,320)
(37,320)
Net assets
2,019,837 
1,693,651 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,019,737 
1,693,551 
Shareholders' funds
2,019,837 
1,693,651 
For the year ending 31 December 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by
Helen Jane Bygraves Director Company Registration No. 05635128
- 4 -
Hill House Interiors Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Hill House Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 05635128. The registered office is 32-34 Baker Street, Weybridge, KT13 8AU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Stock
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Cash & cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 5 -
Hill House Interiors Limited Notes to the Accounts for the year ended 31 December 2023
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
65,000 
At 31 December 2023
65,000 
Amortisation
At 1 January 2023
55,250 
Charge for the year
3,250 
At 31 December 2023
58,500 
Net book value
At 31 December 2023
6,500 
At 31 December 2022
9,750 
- 6 -
Hill House Interiors Limited Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
154,392 
47,937 
264,015 
124,051 
590,395 
Additions
2,026 
- 
15,741 
15,919 
33,686 
At 31 December 2023
156,418 
47,937 
279,756 
139,970 
624,081 
Depreciation
At 1 January 2023
50,791 
26,310 
203,560 
102,975 
383,636 
Charge for the year
31,149 
9,588 
31,245 
10,081 
82,063 
At 31 December 2023
81,940 
35,898 
234,805 
113,056 
465,699 
Net book value
At 31 December 2023
74,478 
12,039 
44,951 
26,914 
158,382 
At 31 December 2022
103,601 
21,627 
60,455 
21,076 
206,759 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
79,663 
183,295 
Accrued income and prepayments
156,285 
72,374 
Other debtors
29,659 
73,791 
265,607 
329,460 
Amounts falling due after more than one year
Other debtors
526,620 
36,085 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
40,000 
54,939 
VAT
115,504 
65,937 
Trade creditors
474,345 
294,572 
Taxes and social security
52,167 
49,869 
Other creditors
13,029 
- 
Accruals
53,716 
7,230 
748,761 
472,547 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
60,000 
95,492 
9
Average number of employees
During the year the average number of employees was 34 (2022: 29).
- 7 -