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REGISTERED NUMBER: 05005427 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Hilliers Limited

Hilliers Limited (Registered number: 05005427)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hilliers Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D A Hillier
C A Watts





REGISTERED OFFICE: Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST





REGISTERED NUMBER: 05005427 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Hilliers Limited (Registered number: 05005427)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 15,000
Property, plant and equipment 5 171,554 152,065
181,554 167,065

CURRENT ASSETS
Inventories 293,262 273,327
Debtors 6 212,301 281,999
Cash at bank and in hand 16,037 4,418
521,600 559,744
CREDITORS
Amounts falling due within one year 7 578,286 515,208
NET CURRENT (LIABILITIES)/ASSETS (56,686 ) 44,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,868

211,601

CREDITORS
Amounts falling due after more than one
year

8

121,535

211,226
NET ASSETS 3,333 375

Hilliers Limited (Registered number: 05005427)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,331 373
SHAREHOLDERS' FUNDS 3,333 375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 2 January 2025 and were signed on its behalf by:





D A Hillier - Director


Hilliers Limited (Registered number: 05005427)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Hilliers 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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.


Hilliers Limited (Registered number: 05005427)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 10 ) .

Hilliers Limited (Registered number: 05005427)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 130,000
AMORTISATION
At 1 May 2023 115,000
Amortisation for year 5,000
At 30 April 2024 120,000
NET BOOK VALUE
At 30 April 2024 10,000
At 30 April 2023 15,000

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 108,483 131,983 16,028 256,494
Additions - 46,063 - 46,063
At 30 April 2024 108,483 178,046 16,028 302,557
DEPRECIATION
At 1 May 2023 55,207 34,863 14,359 104,429
Charge for year 1,876 24,281 417 26,574
At 30 April 2024 57,083 59,144 14,776 131,003
NET BOOK VALUE
At 30 April 2024 51,400 118,902 1,252 171,554
At 30 April 2023 53,276 97,120 1,669 152,065

Hilliers Limited (Registered number: 05005427)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 11,995 117,833 129,828
Additions - 46,063 46,063
At 30 April 2024 11,995 163,896 175,891
DEPRECIATION
At 1 May 2023 2,999 22,588 25,587
Charge for year - 23,812 23,812
At 30 April 2024 2,999 46,400 49,399
NET BOOK VALUE
At 30 April 2024 8,996 117,496 126,492
At 30 April 2023 8,996 95,245 104,241

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 204,648 274,346
Other debtors 7,653 7,653
212,301 281,999

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 33,255 28,027
Trade creditors 205,022 185,344
Taxation and social security 134,120 88,161
Other creditors 200,333 208,120
578,286 515,208

Hilliers Limited (Registered number: 05005427)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 28,241 33,746
Hire purchase contracts 58,553 54,102
Other creditors 34,741 123,378
121,535 211,226

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company entered into the following transactions with directors

D A Hillier 20242023

Capital introduced26911,968

Capital withdrawn --

Dividends paid48,00045,150

At the balance sheet date the company owed the director £284 (2023 - £15).


C A Watts20242023

Capital introduced26910,739

Capital withdrawn --

Dividends paid48,00045,150

At the balance sheet date the company owed the director £284 (2023 - £15).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr D A Hillier and Mr C A Watts.