Company registration number 01625831 (England and Wales)
HILLCREST STRUCTURAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
HILLCREST STRUCTURAL LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
HILLCREST STRUCTURAL LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mrs. M Alcock
Mr. G Fry
Mr. S Green
Mr. N Potter
(Appointed 2 April 2025)
Mr. S Wareham
(Appointed 2 April 2025)
Company number
01625831
Registered office
1570 Parkway
Solent Business Park
Whiteley
Hampshire
PO15 7AG
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
HILLCREST STRUCTURAL LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
289,843
317,420
Current assets
Stock and work in progress
75,297
111,766
Debtors
4
1,898,777
1,063,658
Cash at bank and in hand
5,551
113,223
1,979,625
1,288,647
Creditors: amounts falling due within one year
5
(1,621,341)
(935,777)
Net current assets
358,284
352,870
Total assets less current liabilities
648,127
670,290
Creditors: amounts falling due after more than one year
6
(67,500)
(119,487)
Provisions for liabilities
(39,027)
(43,788)
Net assets
541,600
507,015
Capital and reserves
Called up share capital
7
375
375
Share premium account
69,860
69,860
Capital redemption reserve
295
295
Profit and loss reserves
471,070
436,485
Total equity
541,600
507,015
HILLCREST STRUCTURAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 15 October 2025 and are signed on its behalf by:
Mr. G Fry
Mr. S Green
Director
Director
Company Registration No. 01625831
The notes on pages 4 to 9 form part of these financial statements
HILLCREST STRUCTURAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Hillcrest Structural Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1570 Parkway, Solent Business Park, Whiteley, Hampshire, PO15 7AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance
Fixtures and fittings
33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Costs incurred during the financial year in connection with the future activity on a contract are excluded from the cost incurred to date when determining the stage of completion of a contract. Such costs are shown as work in progress on the balance sheet unless it is not probable that such contract costs are recoverable from the customers, in each case, such costs are recognised as an expense immediately.

HILLCREST STRUCTURAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

The “percentage of completion method” is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.9
Taxation

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

HILLCREST STRUCTURAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Leases

Assets held under hire purchase contracts or finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
30
29
HILLCREST STRUCTURAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
120,877
141,431
546,306
808,614
Additions
1,963
8,902
56,105
66,970
Disposals
-
0
-
0
(18,666)
(18,666)
At 31 March 2025
122,840
150,333
583,745
856,918
Depreciation and impairment
At 1 April 2024
64,192
133,753
293,249
491,194
Depreciation charged in the year
8,785
5,274
74,887
88,946
Eliminated in respect of disposals
-
0
-
0
(13,065)
(13,065)
At 31 March 2025
72,977
139,027
355,071
567,075
Carrying amount
At 31 March 2025
49,863
11,306
228,674
289,843
At 31 March 2024
56,685
7,678
253,057
317,420
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
35,805
-
0
Gross amounts owed by contract customers
1,404,606
986,272
Other debtors
408,449
19,195
Prepayments and accrued income
49,917
58,191
1,898,777
1,063,658
HILLCREST STRUCTURAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under hire purchase agreements
107,577
99,428
Trade creditors
980,535
116,928
Amounts due to group undertakings
73,278
347,329
Other taxation and social security
115,821
67,508
Other creditors
6,033
5,172
Accruals and deferred income
338,097
299,412
1,621,341
935,777
The hire purchase liabilities are secured on the assets to which they relate.
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under hire purchase agreements
67,500
119,487
The hire purchase liabilities are secured on the assets to which they relate.
7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
375 Ordinary shares of £1 each
375
375
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
-
0
72,500
HILLCREST STRUCTURAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
9
Related party transactions

The company has not disclosed any transactions with group companies as per FRS 102 para graph 33.1A.

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