IRIS Accounts Production v25.1.3.33 01935383 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019353832023-12-31019353832024-12-31019353832024-01-012024-12-31019353832022-12-31019353832023-01-012023-12-31019353832023-12-3101935383ns15:EnglandWales2024-01-012024-12-3101935383ns14:PoundSterling2024-01-012024-12-3101935383ns10:Director12024-01-012024-12-3101935383ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3101935383ns10:SmallEntities2024-01-012024-12-3101935383ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3101935383ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3101935383ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3101935383ns10:FullAccounts2024-01-012024-12-3101935383ns10:Director22024-01-012024-12-3101935383ns10:Director32024-01-012024-12-3101935383ns10:CompanySecretary12024-01-012024-12-3101935383ns10:RegisteredOffice2024-01-012024-12-3101935383ns5:CurrentFinancialInstruments2024-12-3101935383ns5:CurrentFinancialInstruments2023-12-3101935383ns5:Non-currentFinancialInstruments2024-12-3101935383ns5:Non-currentFinancialInstruments2023-12-3101935383ns5:ShareCapital2024-12-3101935383ns5:ShareCapital2023-12-3101935383ns5:RevaluationReserve2024-12-3101935383ns5:RevaluationReserve2023-12-3101935383ns5:RetainedEarningsAccumulatedLosses2024-12-3101935383ns5:RetainedEarningsAccumulatedLosses2023-12-3101935383ns5:PlantMachinery2023-12-3101935383ns5:PlantMachinery2024-01-012024-12-3101935383ns5:PlantMachinery2024-12-3101935383ns5:PlantMachinery2023-12-3101935383ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3101935383ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3101935383ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-12-3101935383ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3101935383ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3101935383ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101935383ns5:Secured2024-12-3101935383ns5:Secured2023-12-31
REGISTERED NUMBER: 01935383 (England and Wales)
















R.W. HILL (PILING) LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






R.W. HILL (PILING) LIMITED (REGISTERED NUMBER: 01935383)






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




Page

Company Information 1

Report of the Directors 2

Statement of Financial Position 3

Notes to the Financial Statements 5


R.W. HILL (PILING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: H.G. Sidebottom
R.G. Moles
I. Drury





SECRETARY: Mrs J. Hallel





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





BUSINESS ADDRESS: Unit 1 Springfield Industrial Estate
Springfield Road
Burnham-on-Crouch
Essex
CM0 8UA





REGISTERED NUMBER: 01935383 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

R.W. HILL (PILING) LIMITED (REGISTERED NUMBER: 01935383)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

H.G. Sidebottom
R.G. Moles
I. Drury

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





I. Drury - Director


30 May 2025

R.W. HILL (PILING) LIMITED (REGISTERED NUMBER: 01935383)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,389,815 1,847,848

CURRENT ASSETS
Stocks 18,000 21,500
Debtors 5 450,255 628,020
Cash at bank and in hand 451 28,345
468,706 677,865
CREDITORS
Amounts falling due within one year 6 1,299,522 1,286,814
NET CURRENT LIABILITIES (830,816 ) (608,949 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,558,999

1,238,899

CREDITORS
Amounts falling due after more than one
year

7

(32,401

)

(146,040

)

PROVISIONS FOR LIABILITIES (177,822 ) (124,500 )
NET ASSETS 1,348,776 968,359

CAPITAL AND RESERVES
Called up share capital 750 750
Revaluation reserve 651,505 -
Retained earnings 696,521 967,609
SHAREHOLDERS' FUNDS 1,348,776 968,359

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 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.

R.W. HILL (PILING) LIMITED (REGISTERED NUMBER: 01935383)

STATEMENT OF FINANCIAL POSITION - 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 Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:





I. Drury - Director


R.W. HILL (PILING) LIMITED (REGISTERED NUMBER: 01935383)

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

1. STATUTORY INFORMATION

R.W. Hill (Piling) 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and work done, excluding value added tax.


Tangible fixed assets
Tangible fixed assets are measured using the revaluation model. These assets are stated at fair value at the date of the latest valuation less subsequent accumulated depreciation and any impairment losses, where applicable. Revaluations are performed with sufficient regularity such that the carrying amount does not differ materially from that which would be determined using fair values at the end of reporting period.

Any revaluation surplus is recognised in other comprehensive income, net of the related tax impact, and accumulated in revaluation reserve, or in profit or loss if it reverses a downwards revaluation previously recognised in profit or loss. Such reversal is recorded in profit or loss. A revaluation deficit is recognised in other comprehensive income, net of the related tax impact, to the extent that it offsets an existing surplus on the same asset with any excess recognised in profit or loss.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery-Piling rigs - over 15 years
Other plant - over 10 years
Fixtures and fittings-15% straight line
Motor vehicles-First 2 years - 20% straight line
Final 5 years - 12% straight line

The estimated useful lives, residual values and depreciation method are reviewed at each year end, with the effect of any changes in estimate accounted for on a prospective basis.

R.W. HILL (PILING) LIMITED (REGISTERED NUMBER: 01935383)

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

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and depreciated over their estimated useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.


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 29 (2023 - 39 ) .

R.W. HILL (PILING) LIMITED (REGISTERED NUMBER: 01935383)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 January 2024 4,859,179
Additions 30,000
Disposals (34,957 )
Revaluations (2,464,407 )
At 31 December 2024 2,389,815
DEPRECIATION
At 1 January 2024 3,011,331
Charge for year 275,990
Eliminated on disposal (18,587 )
Revaluation adjustments (3,268,734 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 2,389,815
At 31 December 2023 1,847,848

Cost or valuation at 31 December 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2024 (2,464,407 )
Cost 4,854,222
2,389,815

If plant and machinery etc. had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 4,854,222 4,859,179
Aggregate depreciation 3,268,734 3,011,331

Plant and machinery etc. were valued on an open market basis on 31 December 2024 by the director .

R.W. HILL (PILING) LIMITED (REGISTERED NUMBER: 01935383)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 January 2024 1,513,121
Additions 30,000
Disposals (25,830 )
Revaluations (439,825 )
Transfer to ownership (646,566 )
At 31 December 2024 430,900
DEPRECIATION
At 1 January 2024 395,996
Charge for year 71,762
Eliminated on disposal (12,136 )
Revaluation adjustments (275,355 )
Transfer to ownership (180,267 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 430,900
At 31 December 2023 1,117,125

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 404,974 563,156
Other debtors 45,281 64,864
450,255 628,020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 76,900 30,000
Hire purchase contracts 100,377 277,697
Trade creditors 339,179 373,081
Taxation and social security 40,782 46,229
Other creditors 742,284 559,807
1,299,522 1,286,814

R.W. HILL (PILING) LIMITED (REGISTERED NUMBER: 01935383)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 17,500 47,500
Hire purchase contracts 14,901 98,540
32,401 146,040

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 46,900 -
Bank loans 47,500 77,500
Hire purchase contracts 115,278 376,237
209,678 453,737

The bank loan and any bank overdraft are secured by a cross guarantee between group companies as set out in the Contingent Liabilities note.

The hire purchase contracts are secured on the assets concerned.

9. PENSION COMMITMENTS

The group operates two defined contribution pension schemes on behalf of the employees. The assets of the scheme are held separately from those of the company, in independently administered funds. Contributions in the period amounted to £37,983 (2023 - £36,056). At the balance sheet date, unpaid contributions of £3,015 (2023 - £5,260) were due to the funds. They are included in other creditors.

10. CONTINGENT LIABILITIES

The following group and associated companies have entered into a Composite Accounting Agreement. Each participating company has provided a guarantee to the Bank. Under the terms of the agreement the Bank is authorised to allow set-off for interest purposes and in certain circumstances to seize credit balances and apply them in reduction of liabilities including debit balances within the Composite Accounting System.

R.W.Hill (Piling) Limited
R.W.Hill (Felixstowe) Limited
Hill Piling Limited
Pinch Group Limited
Hill Properties (Essex) Limited

R.W. HILL (PILING) LIMITED (REGISTERED NUMBER: 01935383)

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

11. RELATED PARTY DISCLOSURES

Ultimate controlling party
The company is a wholly owned subsidiary of The Hill Group (1985) Limited whose registered office is at 21 Lodge Lane, Grays, Essex RM17 5RY.

85% of that company's shares are held by I. Drury.

Balances with related parties
At 31 December 2024, the company owed the director, I. Drury, £280,751 (2023 - £135,532). The balance represented an unsecured, interest free loan, repayable on demand.