Company registration number 00440308 (England and Wales)
GEORGE HILL (OLDHAM) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
GEORGE HILL (OLDHAM) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
GEORGE HILL (OLDHAM) LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
831,915
895,226
Current assets
Stocks
890,369
986,208
Debtors
4
368,106
383,062
Cash at bank and in hand
573,565
893,364
1,832,040
2,262,634
Creditors: amounts falling due within one year
5
(901,429)
(1,001,232)
Net current assets
930,611
1,261,402
Total assets less current liabilities
1,762,526
2,156,628
Creditors: amounts falling due after more than one year
6
(97,725)
(139,554)
Net assets
1,664,801
2,017,074
Capital and reserves
Called up share capital
10,650
10,650
Revaluation reserve
123,323
123,323
Capital redemption reserve
14,350
14,350
Profit and loss reserves
1,516,478
1,868,751
Total equity
1,664,801
2,017,074
GEORGE HILL (OLDHAM) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2025
30 September 2025
- 2 -

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 June 2026 and are signed on its behalf by:
Ms J V Hill
Director
Company registration number 00440308 (England and Wales)
GEORGE HILL (OLDHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

GEORGE HILL (OLDHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -

All additions to tangible fixed assets are stated at cost. Where existing unimpaired tangible fixed assets are stated at valuation the company took advantage at that time of the transitional arrangements to retain these book values. Where an asset that was previously revalued is disposed of, its book value is eliminated and an appropriate transfer made from the revaluation reserve to the profit and loss account.

Buildings
2.5% straight line
Plant and machinery
10% to 50% straight line
Fixtures, fittings & equipment
25% straight line
Motor vehicles
20% straight line

Land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

GEORGE HILL (OLDHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable. The assets of the scheme are held separately from those of the company in an independently administered fund.

1.10
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.11
Company information

George Hill (Oldham) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Scottfield Saw Mills, Ashton Road, Oldham, OL8 1LB.

GEORGE HILL (OLDHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
40
43
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 October 2024
1,278,603
810,535
2,089,138
Additions
-
0
83,852
83,852
Disposals
-
0
(58,000)
(58,000)
At 30 September 2025
1,278,603
836,387
2,114,990
Depreciation and impairment
At 1 October 2024
760,887
433,025
1,193,912
Depreciation charged in the year
-
0
113,329
113,329
Eliminated in respect of disposals
-
0
(24,166)
(24,166)
At 30 September 2025
760,887
522,188
1,283,075
Carrying amount
At 30 September 2025
517,716
314,199
831,915
At 30 September 2024
517,716
377,510
895,226

Historic valuation was used as deemed cost going forward under FRS102.

The breakdown of cost between long leasehold and freehold property at one of the company's sites is not possible.

If revalued assets were stated on an historical cost basis rather than a fair value basis, the total amounts included would have been as follows:

GEORGE HILL (OLDHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
3
Tangible fixed assets
(Continued)
- 7 -
2025
2024
£
£
Cost
883,582
883,582
Accumulated depreciation
(619,630)
(619,630)
Carrying value
263,952
263,952
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
339,652
359,653
Other debtors
28,454
23,409
368,106
383,062
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
605,398
682,736
Taxation and social security
132,175
139,304
Other creditors
163,856
179,192
901,429
1,001,232

Included within other creditors is £41,830 (2024: £41,830) due under hire purchase contracts that are secured on the assets acquired.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
97,725
139,554
GEORGE HILL (OLDHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
6
Creditors: amounts falling due after more than one year
(Continued)
- 8 -

Included within other creditors is £97,725 (2024: £139,554) due under hire purchase contracts that are secured on the assets acquired.

7
Financial commitments, guarantees and contingent liabilities

The directors are not aware of any contingent liabilities.

8
Events after the reporting date

There were no significant post balance sheet events.

2025-09-30 2024-10-01 false false false 18 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Ms J V Hill A. Taylor Ms J V Hill 00440308 2024-10-01 2025-09-30 00440308 2025-09-30 00440308 2024-09-30 00440308 core:LandBuildings 2025-09-30 00440308 core:OtherPropertyPlantEquipment 2025-09-30 00440308 core:LandBuildings 2024-09-30 00440308 core:OtherPropertyPlantEquipment 2024-09-30 00440308 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 00440308 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 00440308 core:WithinOneYear 2025-09-30 00440308 core:WithinOneYear 2024-09-30 00440308 core:AfterOneYear 2025-09-30 00440308 core:AfterOneYear 2024-09-30 00440308 core:CurrentFinancialInstruments 2025-09-30 00440308 core:CurrentFinancialInstruments 2024-09-30 00440308 core:ShareCapital 2025-09-30 00440308 core:ShareCapital 2024-09-30 00440308 core:RevaluationReserve 2025-09-30 00440308 core:RevaluationReserve 2024-09-30 00440308 core:CapitalRedemptionReserve 2025-09-30 00440308 core:CapitalRedemptionReserve 2024-09-30 00440308 core:RetainedEarningsAccumulatedLosses 2025-09-30 00440308 core:RetainedEarningsAccumulatedLosses 2024-09-30 00440308 bus:CompanySecretaryDirector1 2024-10-01 2025-09-30 00440308 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 00440308 core:PlantMachinery 2024-10-01 2025-09-30 00440308 core:FurnitureFittings 2024-10-01 2025-09-30 00440308 core:MotorVehicles 2024-10-01 2025-09-30 00440308 2023-10-01 2024-09-30 00440308 core:LandBuildings 2024-09-30 00440308 core:OtherPropertyPlantEquipment 2024-09-30 00440308 2024-09-30 00440308 core:LandBuildings 2024-10-01 2025-09-30 00440308 core:OtherPropertyPlantEquipment 2024-10-01 2025-09-30 00440308 core:Non-currentFinancialInstruments 2025-09-30 00440308 core:Non-currentFinancialInstruments 2024-09-30 00440308 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 00440308 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 00440308 bus:FRS102 2024-10-01 2025-09-30 00440308 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 00440308 bus:Director1 2024-10-01 2025-09-30 00440308 bus:Director2 2024-10-01 2025-09-30 00440308 bus:CompanySecretary1 2024-10-01 2025-09-30 00440308 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP