W.H.Hillerby & Sons Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00561657 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 August 2025

for

W.H.Hillerby & Sons Limited

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

P Hillerby

REGISTERED OFFICE:

87 Station Road

Ashington

Northumberland

NE63 8RS

REGISTERED NUMBER:

00561657 (England and Wales)

ACCOUNTANTS:

Thornton Accountancy Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W.H.Hillerby & Sons Limited for the year ended 28 August 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of W.H.Hillerby & Sons Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W.H.Hillerby & Sons Limited and state those matters that we have agreed to state to the director of W.H.Hillerby & Sons Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that W.H.Hillerby & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W.H.Hillerby & Sons Limited. You consider that W.H.Hillerby & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of W.H.Hillerby & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Thornton Accountancy Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

29 October 2025

FIXED ASSETS

Tangible assets

4

162,109

187,555

Investments

5

26,494

23,200

Investment property

6

763,450

952,053

974,205

CURRENT ASSETS

Stocks

7

2,340

2,280

Debtors

8

66,111

57,179

Cash at bank and in hand

35,339

20,976

103,790

80,435

CREDITORS

Amounts falling due within one year

9

197,225

123,979

NET CURRENT LIABILITIES

(93,435

)

(43,544

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

858,618

930,661

CREDITORS

Amounts falling due after more than one
year

10

(4,790

)

(34,823

)

PROVISIONS FOR LIABILITIES

(130,853

)

(130,567

)

NET ASSETS

722,975

765,271

CAPITAL AND RESERVES

Called up share capital

5,000

Revaluation reserve

11

105,432

102,139

Fair value reserve

11

414,939

Retained earnings

197,604

243,193

SHAREHOLDERS' FUNDS

722,975

765,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 August 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 29 October 2025 and were signed by:

P Hillerby - Director

1.	STATUTORY INFORMATION

W.H.Hillerby & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

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 represents revenue recognised by the company in respect of services supplied during the year and is measured by reference to the stage of completion of the service .

Tangible fixed assets

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

Freehold property

-

Amortisation is not provided.

Plant and machinery

-

15% on reducing balance per annum

Fixtures and fittings

-

15% on reducing balance per annum

Motor vehicles

-

25% on reducing balance per annum

Tangible assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Cost includes all costs of purchases and other costs incurred in bringing the stock to its present condition.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss.

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.

Hire purchase and leasing commitments

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

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

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.

Debtors receivable within one year

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently amortised cost, net of impairment.

Creditors payable within on year

Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised costs using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST OR VALUATION

At 29 August 2024

107,096

19,237

48,321

106,358

281,012

Disposals

-

(6,583

)

(6,583

)

At 28 August 2025

107,096

19,237

48,321

99,775

274,429

DEPRECIATION

At 29 August 2024

15,247

17,763

33,919

26,528

93,457

Charge for year

741

224

2,162

16,896

20,023

Eliminated on disposal

-

(1,160

)

(1,160

)

At 28 August 2025

15,988

17,987

36,081

42,264

112,320

NET BOOK VALUE

At 28 August 2025

91,108

1,250

12,240

57,511

162,109

At 28 August 2024

91,849

1,474

14,402

79,830

187,555

Cost or valuation at 28 August 2025 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

Valuation in 2013

107,096

19,237

48,321

99,775

274,429

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 29 August 2024

23,200

Revaluations

3,294

At 28 August 2025

26,494

NET BOOK VALUE

At 28 August 2025

26,494

At 28 August 2024

23,200

Cost or valuation at 28 August 2025 is represented by:

Other

investments

£

Valuation in 2025

26,494

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 August 2024

and 28 August 2025

763,450

NET BOOK VALUE

At 28 August 2025

763,450

At 28 August 2024

763,450

Fair value at 28 August 2025 is represented by:

£

Valuation in 2013

512,271

Cost

251,179

763,450

Investment property is included at fair value. Gains are recognised in the income statement, and deferred taxation is provided at the rate expected to apply when the property is sold.

Directors are of the opinion that there is no need to to provide for further revaluation on the value shown in the accounts, based on current markets.

The investment property valuation was last undertaken by Rickard Property Surveyors in July 2013.

7.

STOCKS

2025

2024

£

Raw materials

2,340

2,280

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

61,774

49,719

Prepayments

4,337

7,460

66,111

57,179

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

1,328

1,200

Hire purchase contracts

28,740

Trade creditors

44,979

32,784

Tax

3,666

-

Social security and other taxes

5,473

5,651

VAT

17,549

26,744

Net wages

2,386

4,362

Other creditors

687

Pension

609

453

Directors' current accounts

42,845

1,728

Accrued expenses

48,963

21,630

197,225

123,979

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

-

1,293

Hire purchase contracts

4,790

33,530

4,790

34,823

11.

RESERVES

Fair

Revaluation

value

reserve

Totals

£

At 29 August 2024

102,139

414,939

517,078

Revaluation in year

3,293

-

3,293

At 28 August 2025

105,432

414,939

520,371