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Company No: 11570675 (England and Wales)

S E HILL LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

S E HILL LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

S E HILL LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
S E HILL LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS Stephen Edward Hill
Louise Hill
REGISTERED OFFICE 18 Northgate
Sleaford
NG34 7BJ
United Kingdom
BUSINESS ADDRESS Beckstone Lodge
Little Hale Road
Great Hale
Sleaford
Lincolnshire
NG34 9LH
COMPANY NUMBER 11570675 (England and Wales)
ACCOUNTANT Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ
S E HILL LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
S E HILL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 468,329 457,689
468,329 457,689
Current assets
Stocks 3,070 2,795
Debtors 4 92,521 114,070
Cash at bank and in hand 73,955 41,568
169,546 158,433
Creditors: amounts falling due within one year 5 ( 166,217) ( 171,266)
Net current assets/(liabilities) 3,329 (12,833)
Total assets less current liabilities 471,658 444,856
Creditors: amounts falling due after more than one year 6 ( 26,749) ( 36,146)
Provision for liabilities ( 115,875) ( 113,216)
Net assets 329,034 295,494
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 328,934 295,394
Total shareholders' funds 329,034 295,494

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of S E Hill Limited (registered number: 11570675) were approved and authorised for issue by the Board of Directors on 28 April 2025. They were signed on its behalf by:

Stephen Edward Hill
Director
S E HILL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
S E HILL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

S E Hill Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 18 Northgate, Sleaford, NG34 7BJ, United Kingdom. The principal place of business is Beckstone Lodge, Little Hale Road, Great Hale, Sleaford, Lincolnshire, NG34 9LH.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 15 % reducing balance
Plant and machinery etc. 15 - 25 % reducing balance
Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 10

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 October 2023 9,577 660,983 670,560
Additions 2,550 148,600 151,150
Disposals 0 ( 63,780) ( 63,780)
At 30 September 2024 12,127 745,803 757,930
Accumulated depreciation
At 01 October 2023 59 212,812 212,871
Charge for the financial year 959 97,181 98,140
Disposals 0 ( 21,410) ( 21,410)
At 30 September 2024 1,018 288,583 289,601
Net book value
At 30 September 2024 11,109 457,220 468,329
At 30 September 2023 9,518 448,171 457,689

4. Debtors

2024 2023
£ £
Trade debtors 63,567 47,898
Other debtors 28,954 66,172
92,521 114,070

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 3,081 3,005
Trade creditors 22,817 46,265
Taxation and social security 53,740 3,383
Obligations under finance leases and hire purchase contracts 27,850 17,439
Other creditors 58,729 101,174
166,217 171,266

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 2,892 5,973
Obligations under finance leases and hire purchase contracts 23,857 30,173
26,749 36,146

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
30 A ordinary shares of £ 1.00 each 30 30
70 B ordinary shares of £ 1.00 each 70 70
100 100

8. Related party transactions

Transactions with the entity's directors

At the year end date the company owed the directors £34,239 (2023: £53,071). This amount is unsecured, interest free and repayable on demand.