Company No: 05042610 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	3,154,020		3,218,946
Investments	4	119		119
		3,154,139		3,219,065
Current assets
Stocks		12,676		56,653
Debtors	5	360,982		246,727
Cash at bank and in hand		413,556		459,148
		787,214		762,528
Creditors: amounts falling due within one year	6	( 342,645)		( 410,748)
Net current assets		444,569		351,780
Total assets less current liabilities		3,598,708		3,570,845
Creditors: amounts falling due after more than one year	7	( 215,879)		( 316,849)
Provision for liabilities		( 492,661)		( 519,042)
Net assets		2,890,168		2,734,954
Capital and reserves
Called-up share capital		100		100
Profit and loss account		2,890,068		2,734,854
Total shareholders' funds		2,890,168		2,734,954

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of V Hill Contracting Ltd (registered number: 05042610) were approved and authorised for issue by the Board of Directors on 15 July 2026. They were signed on its behalf by:

Mrs L A Hill Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

V Hill Contracting Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Marwell Manor Farm, Portsmouth Road, Fishers Pond, Eastleigh, Hampshire, SO50 7HF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of V Hill Contracting Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	20 - 25 % reducing balance
	20 years straight line
Vehicles	20 % reducing balance
Fixtures and fittings	20 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 statement of income and retained earnings.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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 statement of income and retained earnings. Reversals of impairment losses are also recognised in statement of income and retained earnings.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 April 2025	1,073,883		3,921,287		62,168		37,011		5,094,349
Additions	0		486,363		43,500		0		529,863
Disposals	0		( 286,045)		0		0		( 286,045)
At 31 March 2026	1,073,883		4,121,605		105,668		37,011		5,338,167
Accumulated depreciation
At 01 April 2025	0		1,805,634		44,570		25,199		1,875,403
Charge for the financial year	0		488,168		4,245		2,390		494,803
Disposals	0		( 186,059)		0		0		( 186,059)
At 31 March 2026	0		2,107,743		48,815		27,589		2,184,147
Net book value
At 31 March 2026	1,073,883		2,013,862		56,853		9,422		3,154,020
At 31 March 2025	1,073,883		2,115,653		17,598		11,812		3,218,946

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2025	119		119
At 31 March 2026	119		119
Carrying value at 31 March 2026	119		119
Carrying value at 31 March 2025	119		119

5. Debtors

	2026		2025
	£		£
Trade debtors	360,982		199,032
Other debtors	0		47,695
	360,982		246,727

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	63,930		95,457
Amounts owed to connected persons	67,592		7,778
Corporation tax	78,816		60,755
Other taxation and social security	25,418		67,268
Obligations under finance leases and hire purchase contracts	100,969		143,745
Other creditors	5,920		35,745
	342,645		410,748

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

	2026		2025
	£		£
Bank loans	208,260		208,260
Obligations under finance leases and hire purchase contracts	7,619		108,589
	215,879		316,849