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REGISTERED NUMBER: 10272013 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

HILL FARM FINEST LIMITED

HILL FARM FINEST LIMITED (REGISTERED NUMBER: 10272013)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HILL FARM FINEST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: C J Randall
U Rauf





REGISTERED OFFICE: C/o Philip Barnes & Co Ltd
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 10272013 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

HILL FARM FINEST LIMITED (REGISTERED NUMBER: 10272013)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 496,502 84,623

CURRENT ASSETS
Stocks 10,000 7,000
Debtors 5 161,302 61,802
Cash at bank and in hand 270,490 317,108
441,792 385,910
CREDITORS
Amounts falling due within one year 6 372,440 183,654
NET CURRENT ASSETS 69,352 202,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

565,854

286,879

PROVISIONS FOR LIABILITIES 96,707 15,056
NET ASSETS 469,147 271,823

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 469,047 271,723
SHAREHOLDERS' FUNDS 469,147 271,823

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

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

HILL FARM FINEST LIMITED (REGISTERED NUMBER: 10272013)

BALANCE SHEET - continued
31 JULY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





C J Randall - Director


HILL FARM FINEST LIMITED (REGISTERED NUMBER: 10272013)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Hill Farm Finest 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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.
Plant and machinery - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - Straight line over 5 years

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 Profit and Loss Account, 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
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.

HILL FARM FINEST LIMITED (REGISTERED NUMBER: 10272013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES

The average number of employees during the year was 7 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 24,402 85,114 10,741 2,322 122,579
Additions 188,725 230,168 - 3,846 422,739
At 31 July 2024 213,127 315,282 10,741 6,168 545,318
DEPRECIATION
At 1 August 2023 - 30,831 6,210 915 37,956
Charge for year - 9,110 1,133 617 10,860
At 31 July 2024 - 39,941 7,343 1,532 48,816
NET BOOK VALUE
At 31 July 2024 213,127 275,341 3,398 4,636 496,502
At 31 July 2023 24,402 54,283 4,531 1,407 84,623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 124,560 57,585
Other debtors 36,742 4,217
161,302 61,802

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 259,304 38,355
Taxation and social security 20,730 58,846
Other creditors 92,406 86,453
372,440 183,654

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

HILL FARM FINEST LIMITED (REGISTERED NUMBER: 10272013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
C J Randall
Balance outstanding at start of year (64,258 ) 13,667
Amounts advanced 78,206 183
Amounts repaid (78,839 ) (78,108 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (64,891 ) (64,258 )

U Rauf
Balance outstanding at start of year (21,723 ) 722
Amounts advanced 41,084 24,555
Amounts repaid (44,600 ) (47,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,239 ) (21,723 )

9. RELATED PARTY DISCLOSURES

Transactions with an entity which the director has control over the entity:
20242023
£   £   

Purchases1,104,454691,873
Packaging1,2230
Contract and hired labour010,000
Motor expenses8,8508,102