Registration number: 05813349

J P Hildreth Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

J P Hildreth Ltd

Company Information

Directors

T R Hill D A Jenkins

Registered office

36 Wattleton Road Beaconsfield Bucks HP9 1SE

Accountants

AIMS Accountants for Business 36 Wattleton Road Beaconsfield Bucks HP9 1SE

J P Hildreth Ltd

(Registration number: 05813349)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	37,807	32,645
Current assets
Stocks	5	316,269	199,840
Debtors	6	1,183,197	2,410,102
Cash at bank and in hand		2,421,397	1,349,579
		3,920,863	3,959,521
Creditors: Amounts falling due within one year	7	(2,800,652)	(2,931,308)
Net current assets		1,120,211	1,028,213
Net assets		1,158,018	1,060,858
Capital and reserves
Called up share capital	8	100	100
Retained earnings		1,157,918	1,060,758
Shareholders' funds		1,158,018	1,060,858

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 August 2025 and signed on its behalf by:
 

......................................... D A Jenkins Director

J P Hildreth Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
36 Wattleton Road
Beaconsfield
Bucks
HP9 1SE
United Kingdom

These financial statements were authorised for issue by the Board on 29 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

J P Hildreth Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	33.3% Reducing balance
Equipment	33.3% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

J P Hildreth Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 36 (2024 - 36).

J P Hildreth Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 June 2024	25,518	75,582	101,100
Additions	8,964	15,309	24,273
At 31 May 2025	34,482	90,891	125,373
Depreciation
At 1 June 2024	23,367	45,325	68,692
Charge for the year	3,701	15,173	18,874
At 31 May 2025	27,068	60,498	87,566
Carrying amount
At 31 May 2025	7,414	30,393	37,807
At 31 May 2024	2,151	30,494	32,645

5

Stocks

	2025 £	2024 £
Work in progress	316,269	199,840

6

Debtors

Current	2025 £	2024 £
Trade debtors	1,156,808	2,373,487
Prepayments	25,701	35,927
Other debtors	688	688
	1,183,197	2,410,102

7

Creditors

Creditors: amounts falling due within one year

J P Hildreth Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

	2025 £	2024 £
Due within one year
Trade creditors	1,801,990	1,976,386
Taxation and social security	519,734	457,477
Accruals and deferred income	478,928	491,898
Other creditors	-	5,547
	2,800,652	2,931,308

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

9	Related party transactions

J P Hildreth Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	260,635	270,206

10

Share based payments

During the year ended 31 May 2022, the issued share capital of the company was transferred to JPH EOT Limited, an Employee Ownership Trust. Company Number 13839767, registered in the United Kingdom.

The consideration payable by JPH EOT Limited is £8 000 000.00 payable over 6 years.

For the year ended 31st May 2025, £800 000.00 was released.