Hills Electrical (South West) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04981230 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Hills Electrical (South West) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S Lloyd

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

REGISTERED NUMBER:

04981230 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

14,876

5,949

CURRENT ASSETS

Stocks

5

65,895

71,995

Debtors

6

164,165

229,383

Cash at bank

41,077

21,834

271,137

323,212

CREDITORS

Amounts falling due within one year

7

202,539

253,583

NET CURRENT ASSETS

68,598

69,629

TOTAL ASSETS LESS CURRENT LIABILITIES

83,474

75,578

CREDITORS

Amounts falling due after more than one year

8

(2,333

)

(16,333

)

PROVISIONS FOR LIABILITIES

(2,819

)

(1,218

)

NET ASSETS

78,322

58,027

CAPITAL AND RESERVES

Called up share capital

9

Retained earnings

10

78,313

58,018

SHAREHOLDERS' FUNDS

78,322

58,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th December 2025 and were signed by:

Mr S Lloyd - Director

1.	STATUTORY INFORMATION

Hills Electrical (South West) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1st April 2024

1,018

524

13,337

5,659

20,538

Additions

-

10,250

349

10,599

Disposals

-

(1,837

)

-

(1,837

)

At 31st March 2025

1,018

524

21,750

6,008

29,300

DEPRECIATION

At 1st April 2024

928

220

10,410

3,031

14,589

Charge for year

22

76

608

394

1,100

Eliminated on disposal

-

(1,265

)

-

(1,265

)

At 31st March 2025

950

296

9,753

3,425

14,424

NET BOOK VALUE

At 31st March 2025

68

228

11,997

2,583

14,876

At 31st March 2024

90

304

2,927

2,628

5,949

5.

STOCKS

31.3.25

31.3.24

£

Stocks

3,800

3,000

Work-in-progress

62,095

68,995

65,895

71,995

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

74,358

144,467

Other debtors

9,732

Directors' current accounts

48,237

44,973

Tax

15,748

17,389

VAT

14,342

9,627

Prepayments

1,748

3,195

164,165

229,383

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other loans

14,000

Trade creditors

98,089

134,182

Tax

15,568

16,194

Social security and other taxes

10,029

7,630

Other creditors

62,648

79,477

Accrued expenses

2,205

2,100

202,539

253,583

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Other loans - 1-2 years

2,333

14,000

Other loans - 2-5 years

-

2,333

16,333

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

3

Ordinary A

£1

3

Ordinary B

£1

3

Ordinary C

£1

3

9

10.

RESERVES

Retained

earnings

£

At 1st April 2024

58,018

Profit for the year

25,320

Dividends

(5,025

)

At 31st March 2025

78,313

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25

31.3.24

£

Mr S Lloyd

Balance outstanding at start of year

44,973

47,922

Amounts advanced

3,264

4,802

Amounts repaid

-

(7,751

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

48,237

44,973

The loan to the director is unsecured and repayable on demand. Interest is being charged at 2.25%.