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REGISTERED NUMBER: 00512757 (England and Wales)















Seth Hill & Son Limited

Unaudited Financial Statements for the Year Ended 31st January 2024






Seth Hill & Son Limited (Registered number: 00512757)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Seth Hill & Son Limited

Company Information
for the Year Ended 31st January 2024







Director: T D Prichard





Registered office: Earthmover's House
Unit 16 Llantrisant Business Park
Llantrisant
Pontyclun
CF72 8LF





Registered number: 00512757 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Seth Hill & Son Limited (Registered number: 00512757)

Balance Sheet
31st January 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 22,705 24,789

Current assets
Stocks 68,545 140,524
Debtors 5 90,405 68,061
Cash at bank 50,934 49,284
209,884 257,869
Creditors
Amounts falling due within one year 6 (558,283 ) (379,447 )
Net current liabilities (348,399 ) (121,578 )
Total assets less current liabilities (325,694 ) (96,789 )

Provisions for liabilities 7 - (2,031 )
Net liabilities (325,694 ) (98,820 )

Capital and reserves
Called up share capital 8 12,000 12,000
Retained earnings 9 (337,694 ) (110,820 )
Shareholders' funds (325,694 ) (98,820 )

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

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

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 29th October 2024 and were signed by:





T D Prichard - Director


Seth Hill & Son Limited (Registered number: 00512757)

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

1. Statutory information

Seth Hill & Son 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 receivables of goods sold (net of VAT and trade discounts). Income is recognised when goods have been despatched or delivered to customers such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 10% on cost
Motor vehicles - 20% on 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.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months of less.

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

Going concern
At the time of approving the financial statements, the director has reasonable expectation that the company has adequate resources to continue trading for the foreseeable future. Therefore the director continues to adopt the going concern basis of accounting in preparing these financial statements..

Seth Hill & Son Limited (Registered number: 00512757)

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

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1st February 2023
and 31st January 2024 16,665 212,309 3,501 92,842 325,317
Depreciation
At 1st February 2023 - 204,185 3,501 92,842 300,528
Charge for year - 2,084 - - 2,084
At 31st January 2024 - 206,269 3,501 92,842 302,612
Net book value
At 31st January 2024 16,665 6,040 - - 22,705
At 31st January 2023 16,665 8,124 - - 24,789

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 74,743 54,240
Tax - 52
VAT 1,075 11,317
Prepayments and accrued income 14,587 2,452
90,405 68,061

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 206,786 202,636
Amounts owed to group undertakings 328,131 151,914
Social security and other taxes - 2,697
Other creditors - 1,450
Accruals and deferred income 23,366 20,750
558,283 379,447

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax - 2,031

Deferred
tax
£   
Balance at 1st February 2023 2,031
Utilised during year (2,031 )
Balance at 31st January 2024 -

Seth Hill & Son Limited (Registered number: 00512757)

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

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
12,000 Ordinary £1 12,000 12,000

9. Reserves
Retained
earnings
£   

At 1st February 2023 (110,820 )
Deficit for the year (226,874 )
At 31st January 2024 (337,694 )

10. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. Ultimate controlling party

At the balance sheet date Tom Prichard (Holdings) Limited owned 100% of the shares. The ultimate controlling party at the balance sheet date is T D Prichard by virtue of his 100% shareholding in Tom Prichard (Holdings) Limited.

Consolidated financial statements are prepared by Tom Prichard (Holdings) Limited for the year ended 31st January 2024, the company's registered office is:

Earthmover's House,
Unit 16 Llantrisant Business Park,
Llantrisant,
Pontyclun
CF72 8LF