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REGISTERED NUMBER: 06452821 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Hilson Filtration Products Ltd

Hilson Filtration Products Ltd (Registered number: 06452821)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hilson Filtration Products Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: V Mistry





REGISTERED OFFICE: Portland St South
Ashton-Under-Lyne
Lancashire
OL6 7RE





REGISTERED NUMBER: 06452821 (England and Wales)





ACCOUNTANTS: MulliganWilliams
Unit 7, Salisbury House
Wheatfield Way
Hinckley
LEICESTER
LE10 1YG

Hilson Filtration Products Ltd (Registered number: 06452821)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 202,250 196,364

CURRENT ASSETS
Stocks 229,272 261,231
Debtors 5 462,337 557,681
Cash at bank 107,629 46,466
799,238 865,378
CREDITORS
Amounts falling due within one year 6 343,242 440,380
NET CURRENT ASSETS 455,996 424,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

658,246

621,362

CREDITORS
Amounts falling due after more than one
year

7

(4,629

)

(15,741

)

PROVISIONS FOR LIABILITIES (50,563 ) (46,185 )
NET ASSETS 603,054 559,436

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 593,054 549,436
SHAREHOLDERS' FUNDS 603,054 559,436

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Hilson Filtration Products Ltd (Registered number: 06452821)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





V Mistry - Director


Hilson Filtration Products Ltd (Registered number: 06452821)

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

1. STATUTORY INFORMATION

Hilson Filtration Products 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Income Statement, 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.

Hilson Filtration Products Ltd (Registered number: 06452821)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 287,524 9,917 53,270 350,711
Additions 23,266 - 27,924 51,190
At 31 December 2024 310,790 9,917 81,194 401,901
DEPRECIATION
At 1 January 2024 132,582 1,446 20,319 154,347
Charge for year 21,734 2,118 21,452 45,304
At 31 December 2024 154,316 3,564 41,771 199,651
NET BOOK VALUE
At 31 December 2024 156,474 6,353 39,423 202,250
At 31 December 2023 154,942 8,471 32,951 196,364

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 436,886 551,902
Other debtors 25,451 5,779
462,337 557,681

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 11,111 11,111
Trade creditors 196,193 306,192
Taxation and social security 130,918 116,603
Other creditors 5,020 6,474
343,242 440,380

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 4,629 15,741

Hilson Filtration Products Ltd (Registered number: 06452821)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Between one and five years 126,000 116,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
10,000 Ordinary 1.00 10,000 10,000

10. ULTIMATE CONTROLLING PARTY

The company is under the control of Hilson UK Holdings Limited, who own 100% of the issued share capital.

Mr V Mistry has overall control of the company.

11. RELATED PARTY DISCLOSURES

At the year end, Mr V Mistry had an overdrawn loan account balance of £19,838.