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REGISTERED NUMBER: 01293988 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

F. A. & E.M. Hill Limited

F. A. & E.M. Hill Limited (Registered number: 01293988)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


F. A. & E.M. Hill Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: J F Hill
A J Hill





SECRETARY: J F Hill





REGISTERED OFFICE: Newhouse Farm
Clyst Honiton
Exeter
Devon
EX5 2HS





REGISTERED NUMBER: 01293988 (England and Wales)





ACCOUNTANTS: Barnhaze Accountancy Ltd
AAT Licensed Accountant
Barn Haze
Sampford Peverell
Tiverton
Devon
EX16 7EE

F. A. & E.M. Hill Limited (Registered number: 01293988)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 823,016 828,908

CURRENT ASSETS
Stocks 28,918 19,425
Debtors 5 48,190 28,814
Prepayments and accrued income 27,166 20,652
Cash at bank 12 43,381
104,286 112,272
CREDITORS
Amounts falling due within one year 6 137,975 122,712
NET CURRENT LIABILITIES (33,689 ) (10,440 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

789,327

818,468

CREDITORS
Amounts falling due after more than one
year

7

387,419

468,142
NET ASSETS 401,908 350,326

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 396,908 345,326
SHAREHOLDERS' FUNDS 401,908 350,326

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

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

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 October 2024 and were signed on its behalf by:





J F Hill - Director


F. A. & E.M. Hill Limited (Registered number: 01293988)

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

1. STATUTORY INFORMATION

F. A. & E.M. Hill 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.
Machnery & Implements - 15% on reducing balance
Vehicles & Tractors - 25% on reducing balance
Equipment - 15% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Single
Property Farm Machnery
& Buildings Payments & Implements
£    £    £   
COST
At 1 February 2023 632,917 3,334 267,874
Additions 25,213 - -
Disposals - - -
At 31 January 2024 658,130 3,334 267,874
DEPRECIATION
At 1 February 2023 - - 134,563
Charge for year - - 19,996
Eliminated on disposal - - -
At 31 January 2024 - - 154,559
NET BOOK VALUE
At 31 January 2024 658,130 3,334 113,315
At 31 January 2023 632,917 3,334 133,311

F. A. & E.M. Hill Limited (Registered number: 01293988)

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

4. TANGIBLE FIXED ASSETS - continued

Vehicles
& Tractors Equipment Totals
£    £    £   
COST
At 1 February 2023 252,200 63,992 1,220,317
Additions 5,000 - 30,213
Disposals (17,000 ) - (17,000 )
At 31 January 2024 240,200 63,992 1,233,530
DEPRECIATION
At 1 February 2023 209,647 47,199 391,409
Charge for year 11,321 2,519 33,836
Eliminated on disposal (14,731 ) - (14,731 )
At 31 January 2024 206,237 49,718 410,514
NET BOOK VALUE
At 31 January 2024 33,963 14,274 823,016
At 31 January 2023 42,553 16,793 828,908

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 48,118 27,244
Other debtors 72 1,570
48,190 28,814

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,393 -
Trade creditors 16,053 22,083
Taxation and social security 23,742 19,222
Other creditors 87,787 81,407
137,975 122,712

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 387,419 468,142