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REGISTERED NUMBER: 01100148 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

R & J HILL ENGINEERING LIMITED

R & J HILL ENGINEERING LIMITED (REGISTERED NUMBER: 01100148)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & J HILL ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs J D Hancock
Mrs R E Hill
Mr J H Hill
Mr C P Hill
Mr A R Hill





SECRETARY: Mrs J D Hancock





REGISTERED OFFICE: 153 Parker Drive
Leicester
Leicestershire
LE4 0JP





REGISTERED NUMBER: 01100148 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

R & J HILL ENGINEERING LIMITED (REGISTERED NUMBER: 01100148)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 433,707 411,773

CURRENT ASSETS
Stocks 201,771 182,028
Debtors 5 329,388 268,743
Cash at bank and in hand 269,084 253,574
800,243 704,345
CREDITORS
Amounts falling due within one year 6 431,225 294,499
NET CURRENT ASSETS 369,018 409,846
TOTAL ASSETS LESS CURRENT LIABILITIES 802,725 821,619

PROVISIONS FOR LIABILITIES 34,897 41,000
NET ASSETS 767,828 780,619

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 766,828 779,619
767,828 780,619

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

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

R & J HILL ENGINEERING LIMITED (REGISTERED NUMBER: 01100148)

BALANCE SHEET - continued
31 MARCH 2024


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 11 November 2024 and were signed on its behalf by:




Mr J H Hill - Director Mrs J D Hancock - Director




Mr C P Hill - Director Mr A R Hill - Director


R & J HILL ENGINEERING LIMITED (REGISTERED NUMBER: 01100148)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

R & J Hill Engineering 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.
Freehold property - 1% on cost
Plant and machinery - 15% on reducing balance and 10% - 50% on cost
Office equipment - 33% on cost

The annual rate of depreciation for motor vehicles is calculated on the basis of 20% to 33% on cost less estimated residual value.

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.

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.

R & J HILL ENGINEERING LIMITED (REGISTERED NUMBER: 01100148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 236,106 298,544 16,685 179,654 730,989
Additions - 21,995 2,112 72,904 97,011
Disposals - (20,856 ) (113 ) (76,128 ) (97,097 )
At 31 March 2024 236,106 299,683 18,684 176,430 730,903
DEPRECIATION
At 1 April 2023 46,200 154,748 13,911 104,357 319,216
Charge for year 1,848 21,346 2,267 27,712 53,173
Eliminated on disposal - (15,669 ) (113 ) (59,411 ) (75,193 )
At 31 March 2024 48,048 160,425 16,065 72,658 297,196
NET BOOK VALUE
At 31 March 2024 188,058 139,258 2,619 103,772 433,707
At 31 March 2023 189,906 143,796 2,774 75,297 411,773

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 310,258 250,885
Other debtors 19,130 17,858
329,388 268,743

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 223,139 188,888
Taxation and social security 104,812 33,336
Other creditors 103,274 72,275
431,225 294,499