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REGISTERED NUMBER: NI045537 (Northern Ireland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

HILLS INSURANCE SERVICES LTD

HILLS INSURANCE SERVICES LTD (REGISTERED NUMBER: NI045537)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


HILLS INSURANCE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: Mr D Hill
Miss Z McKay



SECRETARY: Mrs A Hill



REGISTERED OFFICE: 19 Main Street
Larne
Co. Antrim
BT40 1JQ



REGISTERED NUMBER: NI045537 (Northern Ireland)



ACCOUNTANTS: Beattie Marcus & Co
Chartered Accountants
11 Point Street
Larne
BT40 1HY



BANKERS: The Co-operative Bank
PO Box 250
Skelmersdale
WN8 6WT

HILLS INSURANCE SERVICES LTD (REGISTERED NUMBER: NI045537)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 37,872 41,377

CURRENT ASSETS
Debtors 6 61,538 55,441
Investments 7 - 10,410
Cash at bank 602,193 496,565
663,731 562,416
CREDITORS
Amounts falling due within one year 8 131,372 69,527
NET CURRENT ASSETS 532,359 492,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,231

534,266

PROVISIONS FOR LIABILITIES 7,195 7,930
NET ASSETS 563,036 526,336

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 563,026 526,326
SHAREHOLDERS' FUNDS 563,036 526,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 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.

HILLS INSURANCE SERVICES LTD (REGISTERED NUMBER: NI045537)

BALANCE SHEET - continued
5 APRIL 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 23 December 2024 and were signed on its behalf by:




Mr D Hill - Director



Miss Z McKay - Director


HILLS INSURANCE SERVICES LTD (REGISTERED NUMBER: NI045537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024


1. STATUTORY INFORMATION

Hills Insurance Services Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by fair value accounting for Investments.

Commissions
Commissions and fees for independent financial advice are accounted for on an earnings basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

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 scheme. Contributions are charged to the profit and loss account in the period to which they relate.

Investments
Investments held as current assets are stated at fair value and any movement is recognised in the profit and loss account .

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

HILLS INSURANCE SERVICES LTD (REGISTERED NUMBER: NI045537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023 104,492
Additions 2,800
At 5 April 2024 107,292
DEPRECIATION
At 6 April 2023 63,115
Charge for year 6,305
At 5 April 2024 69,420
NET BOOK VALUE
At 5 April 2024 37,872
At 5 April 2023 41,377

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,292 26,705
Other debtors 32,246 28,736
61,538 55,441

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Investments - 10,410

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 113,089 47,138
Other creditors 18,283 22,389
131,372 69,527

9. CONTINGENT LIABILITIES

There are no contingent liabilities at the year end.

10. CAPITAL COMMITMENTS

There are no major commitments either contracted or authorised but not contracted.

HILLS INSURANCE SERVICES LTD (REGISTERED NUMBER: NI045537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


11. POST BALANCE SHEET EVENTS

There are no post balance sheet events which require provision and which have not already been reflected in the financial statements.

12. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Hills Financial Planning Group Ltd whose registered office address is 19 Main Street, Larne BT40 1JQ.