2023-04-01 NI629751 2024-03-31 NI629751 2023-04-01 2024-03-31 NI629751 2023-03-31 NI629751 2022-04-01 2023-03-31 NI629751 uk-core:WithinOneYear 2023-03-31 NI629751 uk-core:WithinOneYear 2024-03-31 NI629751 uk-core:AfterOneYear 2023-03-31 NI629751 uk-core:AfterOneYear 2024-03-31 NI629751 uk-core:ShareCapital 2024-03-31 NI629751 uk-core:ShareCapital 2023-03-31 NI629751 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI629751 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI629751 uk-bus:Director1 2023-04-01 2024-03-31 NI629751 uk-core:NetGoodwill 2023-04-01 2024-03-31 NI629751 uk-core:VehiclesPlantMachinery 2023-04-01 2024-03-31 NI629751 uk-core:Goodwill 2023-03-31 NI629751 uk-core:Goodwill 2024-03-31 NI629751 uk-core:AfterOneYear uk-core:Secured 2024-03-31 NI629751 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure NI629751 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI629751 uk-bus:FRS102 2023-04-01 2024-03-31 NI629751 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 NI629751 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Martin Hillen Electrics Ltd
Registered Number:NI629751
For the year ended 31 March 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 March 2024
Martin Hillen Electrics Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
NI629751
As at 31 March 2024
Martin Hillen Electrics Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
22,639
7,580
3
22,639
7,580
Current assets
Inventories
30,945
50,950
4
Trade and other receivables
8,471
14,423
5
119,298
Cash and cash equivalents
13,900
79,273
158,714
Trade and other payables: amounts falling due within one
year
(116,822)
(70,275)
6
41,892
8,998
Net current assets
Total assets less current liabilities
31,637
49,472
Trade and other payables: amounts falling due after more
than one year
(28,265)
(19,354)
7
12,283
Net assets
21,207
Capital and reserves
Called up share capital
2
2
Retained earnings
12,281
21,205
12,283
21,207
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Martin Hillen Director
These financial statements were approved and authorised for issue by the Board on 27 November 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 March 2024
Martin Hillen Electrics Ltd
Notes to the Financial Statements
Statutory Information
Martin Hillen Electrics Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI629751.
Registered address:
20 Tullyorior Road
Banbridge
Co Down
BT32 5JP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
11,000
At 31 March 2024
11,000
Amortisation
At 01 April 2023
11,000
At 31 March 2024
11,000
Net book value
At 31 March 2024
-
At 31 March 2023
-
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5
For the year ended 31 March 2024
Martin Hillen Electrics Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
At 01 April 2023
35,886
20,719
Additions
At 31 March 2024
56,605
Provision for depreciation and impairment
At 01 April 2023
28,306
Charge for year
5,660
At 31 March 2024
33,966
At 31 March 2024
Net book value
22,639
At 31 March 2023
7,580
4. Inventories
2023
2024
£
£
Stocks
50,950
30,945
Stock of Raw Materials and Work in Progress
5. Trade and other receivables
2023
2024
£
£
Trade debtors
14,423
8,471
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
9,964
21,954
Taxation and social security
672
10,565
Other creditors
59,639
84,303
70,275
116,822
3 of 4
6
For the year ended 31 March 2024
Martin Hillen Electrics Ltd
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
19,354
28,265
8. Average number of persons employed
During the year the average number of employees was 3 (2023 : 4)
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