Hill Cross Joinery Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04551304 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Hill Cross Joinery Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G J Huxley

Mrs P N Huxley

D Huxley

SECRETARY:

Mrs P N Huxley

REGISTERED OFFICE:

54 Cross O'th Hill Road

Nomans Heath

Malpas

Cheshire

SY14 8DT

REGISTERED NUMBER:

04551304 (England and Wales)

ACCOUNTANTS:

Hatcher Hughes Limited

Cassidy House

Station Road

Chester

Cheshire

CH1 3DW

FIXED ASSETS

Tangible assets

4

75,218

65,407

CURRENT ASSETS

Stocks

29,969

8,122

Debtors

37,193

19,557

Cash at bank

6,585

27,504

73,747

55,183

CREDITORS

Amounts falling due within one year

91,694

26,962

NET CURRENT (LIABILITIES)/ASSETS

(17,947

)

28,221

TOTAL ASSETS LESS CURRENT LIABILITIES

57,271

93,628

CREDITORS

Amounts falling due after more than one year

24,666

51,834

NET ASSETS

32,605

41,794

CAPITAL AND RESERVES

Called up share capital

9

9

Retained earnings

32,596

41,785

SHAREHOLDERS' FUNDS

32,605

41,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2023 and were signed on its behalf by:

Mrs P N Huxley - Director

1.	STATUTORY INFORMATION

Hill Cross Joinery 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

113,264

Additions

46,149

Disposals

(22,865

)

At 31 March 2023

136,548

DEPRECIATION

At 1 April 2022

47,857

Charge for year

25,858

Eliminated on disposal

(12,385

)

At 31 March 2023

61,330

NET BOOK VALUE

At 31 March 2023

75,218

At 31 March 2022

65,407

5.	RELATED PARTY DISCLOSURES

During the year the company has made sales to an associated company G.M Build & Maintenance Ltd in which the Director Mr G J Huxley is both a shareholder and director. The value of supplies made for the year ended 31 March 2023 was £NIL (2022 - £NIL) and this amount is included in the sales figure for the year.