Registered number
06036666
G.D. Hill Ltd
Filleted Accounts
1 April 2024
G.D. Hill Ltd
Registered number: 06036666
Balance Sheet
as at 1 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 779 1,039
Current assets
Debtors 4 12,152 5,963
Cash at bank and in hand 8,845 15,649
20,997 21,612
Creditors: amounts falling due within one year 5 (21,532) (32,628)
Net current liabilities (535) (11,016)
Total assets less current liabilities 244 (9,977)
Provisions for liabilities (198) (198)
Net assets/(liabilities) 46 (10,175)
Capital and reserves
Called up share capital 100 100
Profit and loss account (54) (10,275)
Shareholders' funds 46 (10,175)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Gary Hill Mrs Louisa Hill
Director
Approved by the board on 14 March 2025
G.D. Hill Ltd
Notes to the Accounts
for the period from 1 April 2023 to 1 April 2024
1 Accounting policies
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 4,158
At 1 April 2024 4,158
Depreciation
At 1 April 2023 3,119
Charge for the period 260
At 1 April 2024 3,379
Net book value
At 1 April 2024 779
At 31 March 2023 1,039
4 Debtors 2024 2023
£ £
Trade debtors - 588
Other debtors 12,152 5,375
12,152 5,963
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 4,662
Taxation and social security costs 16,289 11,342
Other creditors 5,243 16,624
21,532 32,628
6 Related party transactions
At the balance sheet date other debtors include an amount of £12,152 due from the directors to the company. It is the intention of the directors to repay this amount within nine month of the year end.
7 Controlling party
In the opinion of the directors there is no controling party.
8 Other information
G.D. Hill Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Spinney 114 Chalfont Road
Seer Green, Beaconsfield
England HP9 2QP
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