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Registration number: 15602495

Hillside Transport Ltd
Annual Report and Unaudited Financial Statements
for the Period from 29 March 2024 to 31 May 2025

Hillside Transport Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

Hillside Transport Ltd

(Registration number: 15602495)
Balance Sheet as at 31 May 2025

| Note | 2025 £
Current assets |  |
Debtors | 4 | 396,934
Cash at bank and in hand |  | 12,483
|  | 409,417
Creditors: Amounts falling due within one year | 5 | (334,502)
Net assets |  | 74,915
Capital and reserves |  |
Called up share capital |  | 102
Retained earnings |  | 74,813
Shareholders' funds |  | 74,915

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 October 2025

K R Gooding Director |  |

Hillside Transport Ltd

Notes to the Unaudited Financial Statements for the Period from 29 March 2024 to 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hillside Farm
Woolavington Road
Puriton
Bridgwater
Somerset
TA7 8AA

These financial statements were authorised for issue by the director on 3 October 2025.

2 | Accounting policies

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.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

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.

Going concern

The financial statements have been prepared on a going concern basis. As at the date of signing the financial statements, the director confirms that the company is in a position to meet its liabilities for a period of 12 months and that there are no foreseeable events which may give rise to liabilities which exceeds the company’s ability to pay.

Hillside Transport Ltd

Notes to the Unaudited Financial Statements for the Period from 29 March 2024 to 31 May 2025

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the entity;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.

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.

Debtors

Trade debtors are amounts due from customers for 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.

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.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Hillside Transport Ltd

Notes to the Unaudited Financial Statements for the Period from 29 March 2024 to 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 the director) during the period was 40.

4 | Debtors

| Note | 2025 £
Amounts owed by related parties | 6 | 395,399
Other debtors |  | 380
Prepayments |  | 1,155
|  | 396,934

5 | Creditors

Due within one year | 2025 £
Trade creditors | 1,742
Social security and other taxes | 234,978
Other creditors | 8,167
Accruals | 63,291
Corporation tax liability | 26,324
| 334,502

Hillside Transport Ltd

Notes to the Unaudited Financial Statements for the Period from 29 March 2024 to 31 May 2025

6 | Related party transactions

Loans to related parties

2025 | Other related parties £ | Total £
Advanced | 1,092,222 | 1,092,222
Repaid | (696,823) | (696,823)
At end of period | 395,399 | 395,399

Terms of loans to related parties

During the year, the company provided a loan to a company under common control. The loan is interest free and repayable on demand.