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REGISTERED NUMBER: 10198932 (England and Wales)















Financial Statements for the Year Ended 28 May 2024

for

Hill Electrical & Renewable Energy
Ltd

Hill Electrical & Renewable Energy
Ltd (Registered number: 10198932)






Contents of the Financial Statements
for the Year Ended 28 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hill Electrical & Renewable Energy
Ltd

Company Information
for the Year Ended 28 May 2024







DIRECTOR: H Hill





REGISTERED OFFICE: Unit4l
Liverpool Road North
Liverpool
Merseyside
L31 2HN





REGISTERED NUMBER: 10198932 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Hill Electrical & Renewable Energy
Ltd (Registered number: 10198932)

Balance Sheet
28 May 2024

28.5.24 28.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 11,520 1,021

CURRENT ASSETS
Stocks 2,000 10,000
Debtors 5 5,500 5,500
Cash at bank 2,870 4,786
10,370 20,286
CREDITORS
Amounts falling due within one year 6 21,567 17,989
NET CURRENT (LIABILITIES)/ASSETS (11,197 ) 2,297
TOTAL ASSETS LESS CURRENT
LIABILITIES

323

3,318

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 313 3,308
323 3,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 May 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.

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 28 May 2025 and were signed by:





H Hill - Director


Hill Electrical & Renewable Energy
Ltd (Registered number: 10198932)

Notes to the Financial Statements
for the Year Ended 28 May 2024

1. STATUTORY INFORMATION

Hill Electrical & Renewable Energy 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is derived from ordinary activities and is measured at the fair value of the consideration received or receivable for electrician services, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the rendering of services is recognised by reference to stage of completion which is measured by comparing the costs incurred for work performed to date and the total estimated costs.

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 etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Directors loans (being repayable on demand) trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


Hill Electrical & Renewable Energy
Ltd (Registered number: 10198932)

Notes to the Financial Statements - continued
for the Year Ended 28 May 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 May 2023 4,869
Additions 12,500
Disposals (4,500 )
At 28 May 2024 12,869
DEPRECIATION
At 29 May 2023 3,848
Charge for year 1,057
Eliminated on disposal (3,556 )
At 28 May 2024 1,349
NET BOOK VALUE
At 28 May 2024 11,520
At 28 May 2023 1,021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.5.24 28.5.23
£    £   
Trade debtors 5,500 5,500

Hill Electrical & Renewable Energy
Ltd (Registered number: 10198932)

Notes to the Financial Statements - continued
for the Year Ended 28 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.5.24 28.5.23
£    £   
Taxation and social security 3,832 6,724
Other creditors 17,735 11,265
21,567 17,989