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REGISTERED NUMBER: 09023403 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Hytronik International Ltd

Hytronik International Ltd (Registered number: 09023403)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hytronik International Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Y CHENG
G XIANG(Non executive)





REGISTERED OFFICE: UNIT 5 MARSHGATE BUSINESS CENTRE
PARKWAY
HARLOW
CM19 5QP





REGISTERED NUMBER: 09023403 (England and Wales)






Hytronik International Ltd (Registered number: 09023403)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,352 10,077

CURRENT ASSETS
Stocks 5 1,873,317 951,364
Debtors 6 606,663 802,723
Cash at bank 439,519 310,704
2,919,499 2,064,791
CREDITORS
Amounts falling due within one year 7 2,871,950 1,739,220
NET CURRENT ASSETS 47,549 325,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,901

335,648

CAPITAL AND RESERVES
Called up share capital 8 70 70
Retained earnings 9 65,831 335,578
SHAREHOLDERS' FUNDS 65,901 335,648

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 20 March 2024 and were signed on its behalf by:





Y CHENG - Director


Hytronik International Ltd (Registered number: 09023403)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Hytronik International Ltd 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,rebate, 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.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Hytronik International Ltd (Registered number: 09023403)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 3,951 2,542 22,709 20,990 50,192
Additions - 3,300 5,067 9,974 18,341
At 31 May 2023 3,951 5,842 27,776 30,964 68,533
DEPRECIATION
At 1 June 2022 3,077 2,542 13,506 20,990 40,115
Charge for year 395 825 5,555 3,291 10,066
At 31 May 2023 3,472 3,367 19,061 24,281 50,181
NET BOOK VALUE
At 31 May 2023 479 2,475 8,715 6,683 18,352
At 31 May 2022 874 - 9,203 - 10,077

5. STOCKS
31.5.23 31.5.22
£    £   
Finished goods 1,873,317 951,364

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 516,668 716,219
Other debtors 62,218 63,500
VAT - 15,802
Prepayments and accrued income 27,777 7,202
606,663 802,723

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 2,775,167 1,707,943
Tax 4 4
Social security and other taxes 22,155 15,879
VAT 69,321 -
Other creditors 5,114 14,940
Directors' current accounts 454 454
Accrued expenses (265 ) -
2,871,950 1,739,220

Hytronik International Ltd (Registered number: 09023403)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
70 Ordinary Share Capital £1 70 70

9. RESERVES
Retained
earnings
£   

At 1 June 2022 335,578
Deficit for the year (165,661 )
Dividends (104,086 )
At 31 May 2023 65,831

10. RELATED PARTY DISCLOSURES

During the year the amount of £104,086 was paid to the director as dividend.