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Hilltop Coatings Limited
Financial Statements
For the Period 8 June 2023 to 30 June 2024
Contents
Page
Balance Sheet 1
Statement of Changes in Equity 2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14922867
30 June 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 840
840
CURRENT ASSETS
Stocks 5 4,225
Cash at bank and in hand 7,876
12,101
Creditors: Amounts Falling Due Within One Year 7 (52,606 )
NET CURRENT ASSETS (LIABILITIES) (40,505 )
TOTAL ASSETS LESS CURRENT LIABILITIES (39,665 )
NET LIABILITIES (39,665 )
CAPITAL AND RESERVES
Called up share capital 8 1
Profit and Loss Account (39,666 )
SHAREHOLDERS' FUNDS (39,665)
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Redfern
Director
6 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 1
Page 2
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 8 June 2023 1 - 1
Loss for the period and total comprehensive income - (39,666 ) (39,666)
As at 30 June 2024 1 (39,666 ) (39,665)
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hilltop Coatings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14922867 . The registered office is Unit 7 & 7B Woodhouse Business Centre, Woodville, Swadlincote, Derbyshire, DE11 8ED.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% on cost
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Computer Equipment
£
Cost
As at 8 June 2023 -
Additions 1,159
As at 30 June 2024 1,159
Depreciation
As at 8 June 2023 -
Provided during the period 319
As at 30 June 2024 319
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 June 2024 840
As at 8 June 2023 -
5. Stocks
30 June 2024
£
Work in progress 4,225
6. Debtors
30 June 2024
£
Due within one year
7. Creditors: Amounts Falling Due Within One Year
30 June 2024
£
Trade creditors 2,230
Other creditors 36,084
Taxation and social security 14,292
52,606
8. Share Capital
30 June 2024
£
Allotted, Called up and fully paid 1
Page 4