Hillsgreen Marketing Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Hillsgreen Marketing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11284188 . The registered office is Ground Floor, Unit 22 the Old Shippon, Holly House Estate Middlewich Road, Cranage, Cheshire, CW10 9LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	20% Reducing Balance
Fixtures & Fittings	15% Straight Line
Computer Equipment	15% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Hillsgreen Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 13)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	37,190	7,993	20,849	66,032
Additions	-	1,515	3,071	4,586

As at 31 January 2025	37,190	9,508	23,920	70,618

Depreciation
As at 1 February 2024	5,579	1,720	6,581	13,880
Provided during the period	6,322	1,283	3,661	11,266

As at 31 January 2025	11,901	3,003	10,242	25,146

Net Book Value
As at 31 January 2025	25,289	6,505	13,678	45,472

As at 1 February 2024	31,611	6,273	14,268	52,152

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	41,696	156,706
Prepayments and accrued income	19,515	13,464
Other debtors	3,738	42
Director's loan account	139	717

	65,088	170,929

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Hillsgreen Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	8,048	26,825
Trade creditors	45,941	77,482
Corporation tax	4,973	582
Other taxes and social security	7,227	7,037
VAT	14,761	29,966
Other creditors	10,991	20,395
Accruals and deferred income	3,974	86,778

	95,915	249,065

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	10,730	-
Amounts owed to related parties	40,000	50,000

	50,730	50,000

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,048	26,825
Later than one year and not later than five years	10,730	-

	18,778	26,825

	18,778	26,825

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2025
	£	£	£	£	£
Mr Andrew Venables	717	30,325	(30,904 )	-	139

The above loan is unsecured, interest free and repayable on demand.

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Hillsgreen Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

11. Related Party Transactions

Hillsgreen Marketing Limited received a loan from Hillsgreen Limited, a related party by virtue of common directorship.

The loan was provided in the 2021/22 financial year to support the company's operations. It is unsecured, interest-free, and repayable on demand. No guarantees have been given or received in respect of the loan.

The amounts outstanding at each reporting date are as follows:

31 January 2025: £40,000

31 January 2024: £50,000

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		45,472		52,152

			45,472		52,152
CURRENT ASSETS
Debtors	5	65,088		170,929
Cash at bank and in hand		70,137		107,024

		135,225		277,953
Creditors: Amounts Falling Due Within One Year	6	(95,915 )		(249,065 )

NET CURRENT ASSETS (LIABILITIES)			39,310		28,888

TOTAL ASSETS LESS CURRENT LIABILITIES			84,782		81,040

Creditors: Amounts Falling Due After More Than One Year	7		(50,730 )		(50,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,888 )		(4,115 )

NET ASSETS			30,164		26,925

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			30,064		26,825

SHAREHOLDERS' FUNDS			30,164		26,925