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REGISTERED NUMBER: SC282151 (Scotland)





















Unaudited Financial Statements

For The Year Ended 30 April 2023

for

Hi-tec Refrigeration Limited

Hi-tec Refrigeration Limited (Registered number: SC282151)






Contents of the Financial Statements
For The Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Hi-tec Refrigeration Limited

Company Information
For The Year Ended 30 April 2023







DIRECTORS: J Morton
Mrs M Morton





SECRETARY: J Morton





REGISTERED OFFICE: 5 Rennie Place
College Milton North
East Kilbride
G74 5HD





REGISTERED NUMBER: SC282151 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Hi-tec Refrigeration Limited (Registered number: SC282151)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,542 23,135

CURRENT ASSETS
Stocks 5,905 9,280
Debtors 5 552,813 513,303
Cash at bank and in hand 55,870 49,315
614,588 571,898
CREDITORS
Amounts falling due within one year 6 74,355 101,669
NET CURRENT ASSETS 540,233 470,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

559,775

493,364

CREDITORS
Amounts falling due after more than one
year

7

(28,213

)

(37,990

)

PROVISIONS FOR LIABILITIES 8 (3,713 ) (4,396 )
NET ASSETS 527,849 450,978

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 527,749 450,878
SHAREHOLDERS' FUNDS 527,849 450,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Hi-tec Refrigeration Limited (Registered number: SC282151)

Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 3 November 2023 and were signed on its behalf by:





J Morton - Director


Hi-tec Refrigeration Limited (Registered number: SC282151)

Notes to the Financial Statements
For The Year Ended 30 April 2023

1. STATUTORY INFORMATION

Hi-tec Refrigeration Limited is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price

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.


Hi-tec Refrigeration Limited (Registered number: SC282151)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 11,626 68,225 - 79,851
Additions - - 3,099 3,099
Disposals - (6,780 ) - (6,780 )
At 30 April 2023 11,626 61,445 3,099 76,170
DEPRECIATION
At 1 May 2022 11,441 45,275 - 56,716
Charge for year 47 5,870 775 6,692
Eliminated on disposal - (6,780 ) - (6,780 )
At 30 April 2023 11,488 44,365 775 56,628
NET BOOK VALUE
At 30 April 2023 138 17,080 2,324 19,542
At 30 April 2022 185 22,950 - 23,135

5. DEBTORS
30.4.23 30.4.22
£    £   
Amounts falling due within one year:
Trade debtors 58,744 85,789
Other debtors 32,659 30,403
91,403 116,192

Hi-tec Refrigeration Limited (Registered number: SC282151)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2023

5. DEBTORS - continued
30.4.23 30.4.22
£    £   
Amounts falling due after more than one year:
Other debtors 461,410 397,111

Aggregate amounts 552,813 513,303

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 9,776 9,529
Trade creditors 7,076 33,488
Taxation and social security 36,929 50,595
Other creditors 20,574 8,057
74,355 101,669

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 28,213 37,990

8. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 3,713 4,396

Deferred
tax
£   
Balance at 1 May 2022 4,396
Utilised during year (683 )
Balance at 30 April 2023 3,713

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hi-tec Refrigeration Limited

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hi-tec Refrigeration Limited for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Hi-tec Refrigeration Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hi-tec Refrigeration Limited and state those matters that we have agreed to state to the Board of Directors of Hi-tec Refrigeration Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hi-tec Refrigeration Limited 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 Hi-tec Refrigeration Limited. You consider that Hi-tec Refrigeration Limited 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 Hi-tec Refrigeration Limited. 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.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


3 November 2023