REGISTERED NUMBER: 05739520 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Hill's Fine Foods Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A P Hill

Mrs P M Hill

SECRETARY:

Mr A P Hill

REGISTERED OFFICE:

Units 24 & 25

Shay Lane

Longridge

Preston

Lancashire

PR3 3BT

REGISTERED NUMBER:

05739520 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

125,520

127,095

125,520

127,095

CURRENT ASSETS

Stocks

6

104,549

86,494

Debtors

7

255,771

230,828

Cash at bank and in hand

113,038

173,255

473,358

490,577

CREDITORS

Amounts falling due within one year

8

183,373

160,010

NET CURRENT ASSETS

289,985

330,567

TOTAL ASSETS LESS CURRENT LIABILITIES

415,505

457,662

CREDITORS

Amounts falling due after more than one year

9

(1,769

)

(12,231

)

PROVISIONS FOR LIABILITIES

(24,169

)

(24,103

)

NET ASSETS

389,567

421,328

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

389,467

421,228

SHAREHOLDERS' FUNDS

389,567

421,328

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr A P Hill - Director

Mrs P M Hill - Director

1.	STATUTORY INFORMATION

Hill's Fine Foods Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

62,000

AMORTISATION

At 1 April 2024

and 31 March 2025

62,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

269,995

46,863

177,047

32,268

526,173

Additions

-

-

19,500

13,973

33,473

Disposals

-

-

(23,440

)

-

(23,440

)

At 31 March 2025

269,995

46,863

173,107

46,241

536,206

DEPRECIATION

At 1 April 2024

217,060

12,491

148,381

21,146

399,078

Charge for year

13,238

3,438

10,823

4,126

31,625

Eliminated on disposal

-

-

(20,017

)

-

(20,017

)

At 31 March 2025

230,298

15,929

139,187

25,272

410,686

NET BOOK VALUE

At 31 March 2025

39,697

30,934

33,920

20,969

125,520

At 31 March 2024

52,935

34,372

28,666

11,122

127,095

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

104,549

86,494

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

241,227

229,510

Other debtors

11,844

-

Prepayments

2,700

1,318

255,771

230,828

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,462

10,204

Trade creditors

127,785

101,151

Corporation tax

17,135

19,880

Social security and other taxes

7,813

4,350

VAT

2,022

85

Company credit card

11,263

13,055

Directors' current accounts

224

4,752

Accrued expenses

6,669

6,533

183,373

160,010

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bounce back loan

1,769

12,231

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party for the year was that of A P Hill and P M Hill by virtue of their acting in concert and together owning 100% shareholding in the company.