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REGISTERED NUMBER: 00561657 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 August 2024

for

W.H.Hillerby & Sons Limited

W.H.Hillerby & Sons Limited (Registered number: 00561657)






Contents of the Financial Statements
for the Year Ended 28 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W.H.Hillerby & Sons Limited

Company Information
for the Year Ended 28 August 2024







DIRECTOR: P Hillerby





REGISTERED OFFICE: 87 Station Road
Ashington
Northumberland
NE63 8RS





REGISTERED NUMBER: 00561657 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

W.H.Hillerby & Sons Limited (Registered number: 00561657)

Balance Sheet
28 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 187,555 133,068
Investments 5 23,200 41,560
Investment property 6 763,450 763,450
974,205 938,078

CURRENT ASSETS
Stocks 7 2,280 2,320
Debtors 8 57,179 81,218
Cash at bank and in hand 20,976 13,468
80,435 97,006
CREDITORS
Amounts falling due within one year 9 123,979 99,163
NET CURRENT LIABILITIES (43,544 ) (2,157 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

930,661

935,921

CREDITORS
Amounts falling due after more than one
year

10

(34,823

)

(2,500

)

PROVISIONS FOR LIABILITIES (130,567 ) (125,743 )
NET ASSETS 765,271 807,678

W.H.Hillerby & Sons Limited (Registered number: 00561657)

Balance Sheet - continued
28 August 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Revaluation reserve 11 102,139 111,132
Fair value reserve 11 414,939 414,939
Retained earnings 243,193 276,607
SHAREHOLDERS' FUNDS 765,271 807,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 August 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 29 October 2024 and were signed by:





P Hillerby - Director


W.H.Hillerby & Sons Limited (Registered number: 00561657)

Notes to the Financial Statements
for the Year Ended 28 August 2024

1. STATUTORY INFORMATION

W.H.Hillerby & Sons 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.

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 as modified by the revaluation of certain assets.

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 represents revenue recognised by the company in respect of services supplied during the year and is measured by reference to the stage of completion of the service .

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 - Amortisation is not provided.
Plant and machinery - 15% on reducing balance per annum
Fixtures and fittings - 15% on reducing balance per annum
Motor vehicles - 25% on reducing balance per annum

Tangible assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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.

W.H.Hillerby & Sons Limited (Registered number: 00561657)

Notes to the Financial Statements - continued
for the Year Ended 28 August 2024

2. ACCOUNTING POLICIES - continued

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

Cost includes all costs of purchases and other costs incurred in bringing the stock to its present condition.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss.

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.

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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

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.

W.H.Hillerby & Sons Limited (Registered number: 00561657)

Notes to the Financial Statements - continued
for the Year Ended 28 August 2024

2. ACCOUNTING POLICIES - continued

Debtors receivable within one year
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently amortised cost, net of impairment.

Creditors payable within on year
Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised costs using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 29 August 2023 107,096 19,237 48,321 60,461 235,115
Additions - - - 85,911 85,911
Disposals - - - (40,014 ) (40,014 )
At 28 August 2024 107,096 19,237 48,321 106,358 281,012
DEPRECIATION
At 29 August 2023 14,506 17,503 31,379 38,659 102,047
Charge for year 741 260 2,540 22,760 26,301
Eliminated on disposal - - - (34,891 ) (34,891 )
At 28 August 2024 15,247 17,763 33,919 26,528 93,457
NET BOOK VALUE
At 28 August 2024 91,849 1,474 14,402 79,830 187,555
At 28 August 2023 92,590 1,734 16,942 21,802 133,068

W.H.Hillerby & Sons Limited (Registered number: 00561657)

Notes to the Financial Statements - continued
for the Year Ended 28 August 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 28 August 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2013 82,376 19,237 48,321 106,358 256,292
Cost 24,720 - - - 24,720
107,096 19,237 48,321 106,358 281,012

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 29 August 2023 41,560
Disposals (9,366 )
Revaluations (8,994 )
At 28 August 2024 23,200
NET BOOK VALUE
At 28 August 2024 23,200
At 28 August 2023 41,560

Cost or valuation at 28 August 2024 is represented by:

Other
investments
£   
Valuation in 2024 23,200

W.H.Hillerby & Sons Limited (Registered number: 00561657)

Notes to the Financial Statements - continued
for the Year Ended 28 August 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 August 2023
and 28 August 2024 763,450
NET BOOK VALUE
At 28 August 2024 763,450
At 28 August 2023 763,450

Fair value at 28 August 2024 is represented by:
£   
Valuation in 2013 512,271
Cost 251,179
763,450

Investment property is included at fair value. Gains are recognised in the income statement, and deferred taxation is provided at the rate expected to apply when the property is sold.

Directors are of the opinion that there is no need to to provide for further revaluation on the value shown in the accounts, based on current markets.

The investment property valuation was last undertaken by Rickard Property Surveyors in July 2013.

7. STOCKS
2024 2023
£    £   
Raw materials 2,280 2,320

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 49,719 75,360
Prepayments 7,460 5,858
57,179 81,218

W.H.Hillerby & Sons Limited (Registered number: 00561657)

Notes to the Financial Statements - continued
for the Year Ended 28 August 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,200 1,200
Hire purchase contracts 28,740 -
Trade creditors 32,784 56,214
Tax - 1,979
Social security and other taxes 5,651 5,423
VAT 26,744 7,278
Net wages 4,362 3,896
Other creditors 687 687
Pension 453 378
Directors' current accounts 1,728 478
Accrued expenses 21,630 21,630
123,979 99,163

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1,293 2,500
Hire purchase contracts 33,530 -
34,823 2,500

11. RESERVES
Fair
Revaluation value
reserve reserve Totals
£    £    £   
At 29 August 2023 111,132 414,939 526,071
Transfer of reserves (8,993 ) - (8,993 )

At 28 August 2024 102,139 414,939 517,078