General Information
T.HILLING & CO.LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00542542, registration address OAKLEIGH HOOKSTONE LANE, WEST END WOKING, GU24 9QP.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Freehold land and buildings are shown at fair value based on a professional valuation carried out in October 2017. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
4% Straight Line |
| Plant and Machinery |
25% Reducing Balance
|
| Motor Vehicles |
25% Reducing Balance
|
| Fixtures and Fittings |
25% Reducing Balance
|
| Computer Equipment |
33.3% Straight Line
|
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise. Such surplus or deficit is subsequently transferred to the fair value reserve.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 113 (2024 : 90).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Investment properties |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 June 2024 |
1,662,030 |
|
101,970 |
|
5,314 |
|
727,129 |
|
21,937 |
|
2,682,564 |
|
5,200,944 |
| Additions |
- |
|
- |
|
7,079 |
|
- |
|
1,200 |
|
- |
|
8,279 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| At 31 May 2025 |
1,662,030 |
|
101,970 |
|
12,393 |
|
727,129 |
|
23,137 |
|
2,682,564 |
|
5,209,223 |
| Depreciation |
| At 01 June 2024 |
467,471 |
|
72,162 |
|
4,884 |
|
647,048 |
|
21,528 |
|
- |
|
1,213,093 |
| Charge for year |
57,044 |
|
7,452 |
|
1,877 |
|
20,020 |
|
599 |
|
- |
|
86,992 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| At 31 May 2025 |
524,515 |
|
79,614 |
|
6,761 |
|
667,068 |
|
22,127 |
|
- |
|
1,300,085 |
| Net book values |
| Closing balance as at 31 May 2025 |
1,137,515 |
|
22,356 |
|
5,632 |
|
60,061 |
|
1,010 |
|
2,682,564 |
|
3,909,138 |
| Opening balance as at 01 June 2024 |
1,194,559 |
|
29,808 |
|
430 |
|
80,081 |
|
409 |
|
2,671,930 |
|
3,977,217 |
|
3
|