REGISTERED NUMBER: 04614596 (England and Wales)

CHARLES H HILL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

G H Hill

Mrs M E Hill

SECRETARY:

G H Hill

REGISTERED OFFICE:

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

REGISTERED NUMBER:

04614596 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

77,043

79,925

77,043

79,925

CURRENT ASSETS

Inventories

467,403

366,953

Debtors

6

78,062

54,639

Cash at bank and in hand

891,962

1,018,901

1,437,427

1,440,493

CREDITORS

Amounts falling due within one year

7

206,031

157,535

NET CURRENT ASSETS

1,231,396

1,282,958

TOTAL ASSETS LESS CURRENT LIABILITIES

1,308,439

1,362,883

PROVISIONS FOR LIABILITIES

4,959

5,646

NET ASSETS

1,303,480

1,357,237

CAPITAL AND RESERVES

Called up share capital

550

550

Retained earnings

1,302,930

1,356,687

SHAREHOLDERS' FUNDS

1,303,480

1,357,237

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by:

G H Hill - Director

1.	STATUTORY INFORMATION

Charles H Hill 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.

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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of 20 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Property improvements

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Tractors

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% on reducing balance

Stocks

Inventories 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 Statement of Income and Retained Earnings, 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

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 9 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

146,000

AMORTISATION

At 1 January 2024

and 31 December 2024

146,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	PROPERTY, PLANT AND EQUIPMENT

Property

Plant and

improvements

machinery

Tractors

£

£

£

COST

At 1 January 2024

104,873

52,338

2,293

Additions

12,331

-

-

Disposals

-

(6,893

)

(3

)

At 31 December 2024

117,204

45,445

2,290

DEPRECIATION

At 1 January 2024

54,663

37,395

2,287

Charge for year

8,765

2,116

1

Eliminated on disposal

-

(6,023

)

(2

)

At 31 December 2024

63,428

33,488

2,286

NET BOOK VALUE

At 31 December 2024

53,776

11,957

4

At 31 December 2023

50,210

14,943

6

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

63,549

28,798

251,851

Additions

-

1,616

13,947

Disposals

(6,544

)

(19,396

)

(32,836

)

At 31 December 2024

57,005

11,018

232,962

DEPRECIATION

At 1 January 2024

56,996

20,585

171,926

Charge for year

1,634

964

13,480

Eliminated on disposal

(6,527

)

(16,935

)

(29,487

)

At 31 December 2024

52,103

4,614

155,919

NET BOOK VALUE

At 31 December 2024

4,902

6,404

77,043

At 31 December 2023

6,553

8,213

79,925

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

47,785

31,953

Other debtors

30,277

22,686

78,062

54,639

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

174,004

131,487

Taxation and social security

27,260

19,949

Other creditors

4,767

6,099

206,031

157,535

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

G H Hill

Balance outstanding at start of year

3,427

(39,631

)

Amounts advanced

188,205

131,567

Amounts repaid

(183,539

)

(88,509

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,093

3,427