Registered Number:11920809 |
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2023
Hi Science Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Hi Science Limited
Statement of Financial Position
2022
2023
19,397
17,418
2
Property, plant and equipment |
10,546
14,062
3
29,943
31,480
Trade and other receivables |
71
3,122
4
125
Cash and cash equivalents |
1,188
4,310
196
Trade and other payables: amounts falling due within one year |
(174,565)
(203,671)
5
(174,369)
(199,361)
Net current liabilities
Total assets less current liabilities |
(169,418)
(142,889)
(169,418)
Net liabilities
(142,889)
100
100
(169,518)
(142,989)
(169,418)
(142,889)
Shareholders' funds
For the year ended 30 June 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Richard Weare Director |
Mrs Debbie Weare Director |
These financial statements were approved and authorised for issue by the Board on 15 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 June 2023
Hi Science Limited
Notes to the Financial Statements
Statutory Information
Hi Science Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 11920809. |
25 Walton Street
London
SW3 2HU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Intangible assets
Intangible assets (where applicable) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 30 June 2023
Hi Science Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
17,418
1,979
19,397
3. Property, plant and equipment |
Motor Vehicles
25,000
25,000
Provision for depreciation and impairment |
10,938
Charge for year
3,516
14,454
10,546
14,062
4. Trade and other receivables |
2022
2023
3,122
71
5. Trade and other payables: amounts falling due within one year |
2022
2023
30,746
40,493
4,606
370
168,319
133,702
203,671
174,565
6. Average number of persons employed |
During the year the average number of employees was 0
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For the year ended 30 June 2023
Hi Science Limited
Notes to the Financial Statements Continued
7. Parent-subsidiary relationship |
The company is a wholly owned subsidiary of Debbie Thomas Limited (company number 06939376), This is a company registered in England and Wales with the registered address of 25 Walton Street, London, SW3 2HU. |
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