Hillman & King Ltd 31/01/2026 iXBRL

Company registration number: 10305781

HILLMAN & KING LTD

UNAUDITED FILLETED FINANCIAL STATEMENTS

31 January 2026

HILLMAN & KING LTD

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

HILLMAN & KING LTD

DIRECTORS AND OTHER INFORMATION


	Director	Mr H W Wyatt


	Company number	10305781


	Registered office	59a Wyle Cop
		Shrewsbury
		Shropshire
		SY1 1XJ


	Business address	59a Wyle Cop
		Shrewsbury
		Shropshire
		SY1 1XJ


	Accountants	Heywoods
		Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 3AB

HILLMAN & KING LTD

CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HILLMAN & KING LTD

YEAR ENDED 31ST JANUARY 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hillman & King Ltd for the year ended 31 January 2026 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of Hillman & King Ltd, as a body, in accordance with the terms of our engagement letter dated 6 February 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Hillman & King Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hillman & King Ltd and its director as a body for our work or for this report.

It is your duty to ensure that Hillman & King Ltd 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 Hillman & King Ltd. You consider that Hillman & King Ltd 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 Hillman & King Ltd. 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.

Heywoods

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

20 March 2026

HILLMAN & KING LTD

STATEMENT OF FINANCIAL POSITION

31ST JANUARY 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	62,653		59,359
Investments	6	19,508		-
		_______		_______
			82,161		59,359

Current assets
Stocks		11,293		17,891
Debtors	7	6,485		1,391
Cash at bank and in hand		241,268		144,465
		_______		_______
		259,046		163,747
Creditors: amounts falling due
within one year	8	( 110,593)		( 70,121)
		_______		_______
Net current assets			148,453		93,626
			_______		_______
Total assets less current liabilities			230,614		152,985

Creditors: amounts falling due
after more than one year	9		( 18,518)		( 24,074)

Provisions for liabilities			( 15,347)		-

			_______		_______
Net assets			196,749		128,911
			_______		_______

Capital and reserves
Called up share capital			1		1
Revaluation reserve			2,975		-
Profit and loss account			193,773		128,910
			_______		_______
Shareholder funds			196,749		128,911
			_______		_______

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 13 March 2026 , and are signed on behalf of the board by:

Mr H W Wyatt

Director

HILLMAN & KING LTD

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31ST JANUARY 2026

	Called up share capital	Revaluation reserve	Profit and loss account	Total
	£	£	£	£


At 1 February 2024	1	-	102,933	102,934

Profit for the year			57,977	57,977
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	57,977	57,977

Dividends paid and payable			( 32,000)	( 32,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 32,000)	( 32,000)

At 31 January 2025 (as previously reported)	1	-	128,909	128,910
Prior period adjustments	(-)	(-)	(16,974)	(16,974)
	_______	_______	_______	_______
At 31 January 2025 (restated) and 1 February 2025	1	-	111,935	111,936

Profit for the year			148,838	148,838
Other comprehensive income for the year:
Revaluation of tangible assets		2,975		2,975
	_______	_______	_______	_______
Total comprehensive income for the year	-	2,975	148,838	151,813

Dividends paid and payable			( 67,000)	( 67,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 67,000)	( 67,000)

	_______	_______	_______	_______
At 31 January 2026	1	2,975	193,773	196,749
	_______	_______	_______	_______

HILLMAN & KING LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31ST JANUARY 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 59a Wyle Cop, Shrewsbury, Shropshire, SY1 1XJ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from UK GAAP to FRS 102 as at 1 February 2025. Detail of how FRS 102 has affected the reported financial position and financial performance is given in note 12. The note also describes all the required changes in accounting policies made on first-time adoption of FRS 102.

Turnover

Turnover is measured at the value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the 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.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Short leasehold property	-	20 %	straight line
Fittings fixtures and equipment	-	15 %	reducing balance

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2025: 13 ).

5. Tangible assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 February 2025	15,770	74,397	90,167
Additions	-	13,642	13,642
	_______	_______	_______
At 31 January 2026	15,770	88,039	103,809
	_______	_______	_______
Depreciation
At 1 February 2025	14,087	16,721	30,808
Charge for the year	421	9,927	10,348
	_______	_______	_______
At 31 January 2026	14,508	26,648	41,156
	_______	_______	_______
Carrying amount
At 31 January 2026	1,262	61,391	62,653
	_______	_______	_______
At 31 January 2025	1,683	57,676	59,359
	_______	_______	_______

6. Investments

	Other investments other than loans	Total
	£	£
Cost or valuation
At 1 February 2025	-	-
Additions	16,533	16,533
Revaluations	2,975	2,975
	_______	_______
At 31 January 2026	19,508	19,508
	_______	_______
Impairment
At 1 February 2025 and 31 January 2026	-	-
	_______	_______
Carrying amount
At 31 January 2026	19,508	19,508
	_______	_______
At 31 January 2025	-	-
	_______	_______

7. Debtors

	2026	2025
	£	£
Trade debtors	4,760	82
Other debtors	1,725	1,309
	_______	_______
	6,485	1,391
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	7,556	8,043
Trade creditors	14,120	17,360
Corporation tax	47,468	14,745
Social security and other taxes	30,723	22,007
Other creditors	10,726	7,966
	_______	_______
	110,593	70,121
	_______	_______

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	18,518	24,074
	_______	_______

10. Prior period errors

Prior period adjustments relate to the transition of FRS102.

11. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 February 2024.

Reconciliation of equity

No transitional adjustments were required.

Reconciliation of profit or loss for the year

No transitional adjustments were required.

Compulsory transition to FRS102 due to exceeding FRS105 thresholds. Prior period adjustments arising: Deferred tax £14,419.00 and holiday pay accrual £2,554.57.