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REGISTERED NUMBER: 03815768 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Hytorc (Aberdeen) Limited

Hytorc (Aberdeen) Limited (Registered number: 03815768)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hytorc (Aberdeen) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Roy Smith





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
London
WC2H 9JQ





REGISTERED NUMBER: 03815768 (England and Wales)





ACCOUNTANTS: Tawse & Partners
Chartered Accountants
18 North Silver Street
Aberdeen
AB10 1JU

Hytorc (Aberdeen) Limited (Registered number: 03815768)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 414,633 290,775

CURRENT ASSETS
Debtors 4 583,396 105,155
Cash at bank 215,814 362,010
799,210 467,165
CREDITORS
Amounts falling due within one year 5 310,752 190,750
NET CURRENT ASSETS 488,458 276,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

903,091

567,190

CREDITORS
Amounts falling due after more than one
year

6

(31,070

)

(21,170

)

PROVISIONS FOR LIABILITIES (90,253 ) (43,566 )
NET ASSETS 781,768 502,454

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 781,766 502,452
SHAREHOLDERS' FUNDS 781,768 502,454

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

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

The director acknowledges his 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.

Hytorc (Aberdeen) Limited (Registered number: 03815768)

Balance Sheet - continued
31 July 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 director and authorised for issue on 29 July 2024 and were signed by:





Roy Smith - Director


Hytorc (Aberdeen) Limited (Registered number: 03815768)

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

1. 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and also have remained unchanged from the previous year, and also been consistently applied within the same accounts.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Office equipment, fixtures & fittings - 33% straight line
Motor vehicles - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Hytorc (Aberdeen) Limited (Registered number: 03815768)

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

1. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

3. TANGIBLE FIXED ASSETS
Office
equipment,
Freehold Plant and fixtures Motor
property machinery & fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2022 60,073 478,937 73,108 244,479 856,597
Additions - 30,591 5,059 204,518 240,168
Disposals - - - (51,125 ) (51,125 )
At 31 July 2023 60,073 509,528 78,167 397,872 1,045,640
DEPRECIATION
At 1 August 2022 4,217 364,388 69,458 127,759 565,822
Charge for year 2,234 26,298 3,456 59,758 91,746
Eliminated on disposal - - - (26,561 ) (26,561 )
At 31 July 2023 6,451 390,686 72,914 160,956 631,007
NET BOOK VALUE
At 31 July 2023 53,622 118,842 5,253 236,916 414,633
At 31 July 2022 55,856 114,549 3,650 116,720 290,775

Hytorc (Aberdeen) Limited (Registered number: 03815768)

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

3. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 79,346
Additions 204,518
Disposals (51,125 )
At 31 July 2023 232,739
DEPRECIATION
At 1 August 2022 30,595
Charge for year 49,869
Eliminated on disposal (26,561 )
At 31 July 2023 53,903
NET BOOK VALUE
At 31 July 2023 178,836
At 31 July 2022 48,751

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 416 416
Other debtors 582,980 104,739
583,396 105,155

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 134,887 19,905
Trade creditors 928 1,727
Taxation and social security 167,578 153,213
Other creditors 7,359 15,905
310,752 190,750

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 31,070 21,170

Hytorc (Aberdeen) Limited (Registered number: 03815768)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 165,957 41,075

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
2 Ordinary £1 2 2

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Roy Smith
Balance outstanding at start of year (3,196 ) (2,927 )
Amounts advanced 302,572 123,991
Amounts repaid (68,786 ) (124,260 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 230,590 (3,196 )

The above loan is interest free and repayable on demand.