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REGISTERED NUMBER: 04758255 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Hillsea Highways Ltd

Hillsea Highways Ltd (Registered number: 04758255)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hillsea Highways Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Peter John Moon
Stacey Moon





SECRETARY: Stacey Moon





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





REGISTERED NUMBER: 04758255 (England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Hillsea Highways Ltd (Registered number: 04758255)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,146 167,159

CURRENT ASSETS
Stocks 2,000 2,200
Debtors 5 139,884 69,151
Cash at bank and in hand 129,257 332,221
271,141 403,572
CREDITORS
Amounts falling due within one year 6 27,545 88,405
NET CURRENT ASSETS 243,596 315,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,742

482,326

PROVISIONS FOR LIABILITIES 23,018 31,249
NET ASSETS 341,724 451,077

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 341,722 451,075
SHAREHOLDERS' FUNDS 341,724 451,077

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

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

Hillsea Highways Ltd (Registered number: 04758255)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





Stacey Moon - Director


Hillsea Highways Ltd (Registered number: 04758255)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Hillsea Highways Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

Hillsea Highways Ltd (Registered number: 04758255)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 232,495 157,315 389,810
Disposals (17,800 ) - (17,800 )
At 31 May 2024 214,695 157,315 372,010
DEPRECIATION
At 1 June 2023 141,362 81,289 222,651
Charge for year 21,375 19,006 40,381
Eliminated on disposal (12,168 ) - (12,168 )
At 31 May 2024 150,569 100,295 250,864
NET BOOK VALUE
At 31 May 2024 64,126 57,020 121,146
At 31 May 2023 91,133 76,026 167,159

Hillsea Highways Ltd (Registered number: 04758255)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 June 2023 94,650
Transfer to ownership (94,650 )
At 31 May 2024 -
DEPRECIATION
At 1 June 2023 54,720
Transfer to ownership (54,720 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 39,930

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 103,614 57,598
Other debtors 36,270 11,553
139,884 69,151

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts - 16,380
Trade creditors 7,013 4,773
Taxation and social security 425 44,800
Other creditors 20,107 22,452
27,545 88,405

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary £1 2 2

Hillsea Highways Ltd (Registered number: 04758255)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Peter John Moon and Stacey Moon
Balance outstanding at start of year (17,587 ) 241,421
Amounts repaid 9,895 (259,008 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,692 ) (17,587 )

Included in debtors/(creditors) is an amount due from/(to) the directors as above. This loan is interest free, undated, unsecured and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

No one has a controlling interest in the company