1 March 2024 false No description of principal activity Taxfiler 2024.6 07667387 business:PrivateLimitedCompanyLtd 2024-03-01 2025-03-31 07667387 2024-02-29 07667387 2024-03-01 2025-03-31 07667387 business:AuditExemptWithAccountantsReport 2024-03-01 2025-03-31 07667387 business:FilletedAccounts 2024-03-01 2025-03-31 07667387 2025-03-31 07667387 business:Director1 2024-03-01 2025-03-31 07667387 business:Director2 2024-03-01 2025-03-31 07667387 business:RegisteredOffice 2024-03-01 2025-03-31 07667387 2024-02-29 07667387 core:WithinOneYear 2025-03-31 07667387 core:WithinOneYear 2024-02-29 07667387 core:AfterOneYear 2025-03-31 07667387 core:AfterOneYear 2024-02-29 07667387 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 07667387 core:ShareCapital core:PreviouslyStatedAmount 2024-02-29 07667387 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 07667387 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-29 07667387 core:PreviouslyStatedAmount 2025-03-31 07667387 core:PreviouslyStatedAmount 2024-02-29 07667387 business:SmallEntities 2024-03-01 2025-03-31 07667387 countries:EnglandWales 2024-03-01 2025-03-31 07667387 core:LandBuildings 2024-03-01 2025-03-31 07667387 core:PlantMachinery 2024-03-01 2025-03-31 07667387 core:MotorVehicles 2024-03-01 2025-03-31 07667387 core:LandBuildings 2024-02-29 07667387 core:PlantMachinery 2024-02-29 07667387 core:MotorVehicles 2024-02-29 07667387 core:LandBuildings 2025-03-31 07667387 core:PlantMachinery 2025-03-31 07667387 core:MotorVehicles 2025-03-31 07667387 core:WithinOneYear 2024-03-01 2025-03-31 07667387 core:AfterOneYear 2024-03-01 2025-03-31 07667387 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 07667387 (England and Wales)
JK Hillcrest Ltd Unaudited accounts for the period from 1 March 2024 to 31 March 2025
JK Hillcrest Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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JK Hillcrest Ltd Company Information for the period from 1 March 2024 to 31 March 2025
Directors
J M Wheeler Mrs K E Wheeler
Company Number
07667387 (England and Wales)
Registered Office
Hillcrest 66 The Street, Brundall Norwich Norfolk NR13 5LJ England
Accountants
Mrs A C Howell 13 Ipswich Grove Norwich Norfolk NR2 2LU
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JK Hillcrest Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
124,081
124,649
Current assets
Debtors
5
90,381
68,813
Cash at bank and in hand
935
331
91,316
69,144
Creditors: amounts falling due within one year
6
(33,242)
(49,262)
Net current assets
58,074
19,882
Total assets less current liabilities
182,155
144,531
Creditors: amounts falling due after more than one year
7
(333)
(2,500)
Provisions for liabilities
Deferred tax
(1,555)
(900)
Net assets
180,267
141,131
Capital and reserves
Called up share capital
100
100
Profit and loss account
180,167
141,031
Shareholders' funds
180,267
141,131
For the period ending 31 March 2025 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 7 October 2025 and were signed on its behalf by
J M Wheeler Director Company Registration No. 07667387
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JK Hillcrest Ltd Notes to the Accounts for the period from 1 March 2024 to 31 March 2025
1
Statutory information
JK Hillcrest Ltd is a private company, limited by shares, registered in England and Wales, registration number 07667387. The registered office is Hillcrest, 66 The Street, Brundall, Norwich, Norfolk, NR13 5LJ, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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
2% Straight line
Plant & machinery
25% Straight line
Motor vehicles
25% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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JK Hillcrest Ltd Notes to the Accounts for the period from 1 March 2024 to 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
147,144
826
26,970
174,940
Additions
-
4,794
-
4,794
At 31 March 2025
147,144
5,620
26,970
179,734
Depreciation
At 1 March 2024
26,096
826
23,369
50,291
Charge for the period
3,188
1,199
975
5,362
At 31 March 2025
29,284
2,025
24,344
55,653
Net book value
At 31 March 2025
117,860
3,595
2,626
124,081
At 29 February 2024
121,048
-
3,601
124,649
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
90,381
68,813
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
2,000
2,000
Taxes and social security
15,841
16,544
Other creditors
12,000
12,000
Loans from directors
1,601
16,968
Accruals
1,800
1,750
33,242
49,262
Hire purchase liabilities are secured on the asset to which they relate.
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
333
2,500
Hire purchase liabilities are secured on the asset to which they relate.
8
Controlling party
The company is controlled by J M & Mrs K E Wheeler
9
Average number of employees
During the period the average number of employees was 3 (2024: 3).
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