Company Registration No. 00091553 (England and Wales)
Ernest H.Hill,Limited
Unaudited accounts
for the year ended 30 September 2024
Ernest H.Hill,Limited
Company Information
for the year ended 30 September 2024
Directors
D J Hewins
C Dale
S L Gedney
Company Number
00091553 (England and Wales)
Registered Office
Ernest H Hill Ltd
Longacre Way Holbrook Industrial Estate,
Sheffield
South Yorkshire
S20 3FS
England
Ernest H.Hill,Limited
Statement of financial position
as at 30 September 2024
Tangible assets
1,380,812
1,255,886
Inventories
527,534
529,609
Cash at bank and in hand
844,062
613,187
Creditors: amounts falling due within one year
(807,977)
(536,819)
Net current assets
1,216,529
1,104,438
Net assets
2,597,341
2,360,324
Called up share capital
310,000
310,000
Profit and loss account
2,287,341
2,050,324
Shareholders' funds
2,597,341
2,360,324
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
D J Hewins
Director
Company Registration No. 00091553
Ernest H.Hill,Limited
Notes to the Accounts
for the year ended 30 September 2024
Ernest H.Hill,Limited is a private company, limited by shares, registered in England and Wales, registration number 00091553. The registered office is Ernest H Hill Ltd, Longacre Way Holbrook Industrial Estate,, Sheffield, South Yorkshire, S20 3FS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over 50 years
Plant & machinery
over 10 years
Motor vehicles
over 4 years
Fixtures & fittings
4-10% straight line
Computer equipment
10-33% straight line
Other tangible fixed assets
15% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Ernest H.Hill,Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
1,056,971
936,374
149,581
2,142,926
Additions
-
41,396
205,749
247,145
Disposals
-
-
(37,932)
(37,932)
At 30 September 2024
1,056,971
977,770
317,398
2,352,139
At 1 October 2023
126,834
630,633
129,573
887,040
Charge for the year
21,139
33,178
67,902
122,219
On disposals
-
-
(37,932)
(37,932)
At 30 September 2024
147,973
663,811
159,543
971,327
At 30 September 2024
908,998
313,959
157,855
1,380,812
At 30 September 2023
930,137
305,741
20,008
1,255,886
Amounts falling due within one year
Trade debtors
491,814
454,493
Other debtors
140,488
30,606
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
1,522
Trade creditors
315,534
334,251
Amounts owed to group undertakings and other participating interests
335,600
40,281
Taxes and social security
77,083
94,593
Other creditors
79,760
66,172
7
Average number of employees
During the year the average number of employees was 26 (2023: 26).