HILLCREST FOOD LIMITED

Company Registration Number:
03924765 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

HILLCREST FOOD LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

HILLCREST FOOD LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 39,160 55,647
Investments: 4 13,514 13,514
Total fixed assets: 52,674 69,161
Current assets
Stocks: 1,364,780 1,225,037
Debtors:   2,312,019 3,024,942
Cash at bank and in hand: 262,688 573,658
Total current assets: 3,939,487 4,823,637
Creditors: amounts falling due within one year: 5 (3,144,507) (3,986,014)
Net current assets (liabilities): 794,980 837,623
Total assets less current liabilities: 847,654 906,784
Creditors: amounts falling due after more than one year:   0 (34,558)
Provision for liabilities: (2,969) (5,287)
Total net assets (liabilities): 844,685 866,939
Capital and reserves
Called up share capital: 50 50
Other reserves: 50 50
Profit and loss account: 844,585 866,839
Shareholders funds: 844,685 866,939

The notes form part of these financial statements

HILLCREST FOOD LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 January 2025
and signed on behalf of the board by:

Name: Michael Toussaint
Status: Director

The notes form part of these financial statements

HILLCREST FOOD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

Tangible fixed assets and depreciation policy

Tangible fixed assets – Depreciation Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 25% reducing balance Motor vehicles 20% straight line

Valuation and information policy

Stocks Stocks 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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

HILLCREST FOOD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 9 9

HILLCREST FOOD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 189,961
At 31 March 2024 189,961
Depreciation
At 01 April 2023 134,314
Charge for year 16,487
At 31 March 2024 150,801
Net book value
At 31 March 2024 39,160
At 31 March 2023 55,647

HILLCREST FOOD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

Fixed asset investments 2024 2023 £ £ Unlisted 13,514 13,514 Total 13,514 13,514

HILLCREST FOOD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

9. Creditors: amounts falling due within one year 2024 2023 £ £ Bank loans and overdrafts 2,147,189 2,309,049 Trade creditors 928,394 1,574,002 Corporation tax 29,082 35,962 Other taxation and social security 22,117 22,798 Accruals and deferred income 17,725 Other creditors 44,203 Total 3,144,507 3,986,014

HILLCREST FOOD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Loans to directors

Name of director receiving advance or credit: M Toussaint
Description of the loan: The director has provided a personal guarantee of £375,000 in respect of bank borrowings. At the year end the director owed the company £209,666. No interest is charged on this loan which is repayable on demand.
£
Balance at 01 April 2023 217,092
Advances or credits repaid: 7,426
Balance at 31 March 2024 209,666