Hillsdon and Sons Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01745034 (England and Wales)

Financial Statements for the Year Ended 30 April 2017

for

Hillsdon and Sons Limited

Trading as

Hillsdon Construction

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

D J Hillsdon

Mrs L M Hillsdon

SECRETARY:

Mrs J Pepler

REGISTERED OFFICE:

Unit 16 W & G Industrial Estate

Faringdon Road

East Challow

Wantage

Oxfordshire

OX12 9TF

REGISTERED NUMBER:

01745034 (England and Wales)

ACCOUNTANTS:

Westell

Accountants

3 Bradfield Court

Drayton Mill, Milton Road

Drayton

Abingdon

Oxfordshire

OX14 4EF

FIXED ASSETS

Tangible assets

4

127,992

134,520

Investments

5

2

2

127,994

134,522

CURRENT ASSETS

Stocks

56,372

37,372

Debtors

6

948,942

793,504

Cash at bank and in hand

516,678

585,215

1,521,992

1,416,091

CREDITORS

Amounts falling due within one year

7

705,264

690,940

NET CURRENT ASSETS

816,728

725,151

TOTAL ASSETS LESS CURRENT LIABILITIES

944,722

859,673

PROVISIONS FOR LIABILITIES

8,891

9,802

NET ASSETS

935,831

849,871

CAPITAL AND RESERVES

Called up share capital

8,650

8,650

Retained earnings

927,181

841,221

SHAREHOLDERS' FUNDS

935,831

849,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 21 February 2018 and were signed on its behalf by:

D J Hillsdon - Director

1.	STATUTORY INFORMATION

Hillsdon and Sons 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 17 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2016

81,758

182,161

263,919

Additions

-

24,751

24,751

Disposals

-

(17,250

)

(17,250

)

At 30 April 2017

81,758

189,662

271,420

DEPRECIATION

At 1 May 2016

-

129,399

129,399

Charge for year

-

31,279

31,279

Eliminated on disposal

-

(17,250

)

(17,250

)

At 30 April 2017

-

143,428

143,428

NET BOOK VALUE

At 30 April 2017

81,758

46,234

127,992

At 30 April 2016

81,758

52,762

134,520

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2016

and 30 April 2017

2

NET BOOK VALUE

At 30 April 2017

2

At 30 April 2016

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

775,427

622,234

Amounts owed by group undertakings

160,000

160,000

Other debtors

13,515

11,270

948,942

793,504

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Bank loans and overdrafts

-

28,663

Trade creditors

607,500

547,508

Taxation and social security

56,412

59,176

Other creditors

41,352

55,593

705,264

690,940

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2017 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Westell

Accountants

3 Bradfield Court

Drayton Mill, Milton Road

Drayton

Abingdon

Oxfordshire

OX14 4EF

Date: .............................................