Company Registration No. 08283117 (England and Wales)
Hi-Line Lighting Limited
Unaudited accounts
for the year ended 30 November 2023
Hi-Line Lighting Limited
Unaudited accounts
Contents
Hi-Line Lighting Limited
Company Information
for the year ended 30 November 2023
Company Number
08283117 (England and Wales)
Registered Office
13 SPACES TEDDINGTON
THE CAUSEWAY
TEDDINGTON
TW11 0JR
ENGLAND
Accountants
SA Ledgers Ltd
57 Canbury Park Road
Kingston
KT2 6LQ
Hi-Line Lighting Limited
Statement of financial position
as at 30 November 2023
Tangible assets
5,997
9,693
Investments
90,914
104,897
Inventories
174,563
219,911
Cash at bank and in hand
(5,730)
6,706
Creditors: amounts falling due within one year
(147,735)
(160,339)
Net current assets
70,453
103,305
Total assets less current liabilities
167,364
217,895
Creditors: amounts falling due after more than one year
(43,513)
(85,000)
Net assets
123,851
132,895
Called up share capital
100
100
Profit and loss account
123,751
132,795
Shareholders' funds
123,851
132,895
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 August 2024 and were signed on its behalf by
Polis Polykarpou
Director
Company Registration No. 08283117
Hi-Line Lighting Limited
Notes to the Accounts
for the year ended 30 November 2023
Hi-Line Lighting Limited is a private company, limited by shares, registered in England and Wales, registration number 08283117. The registered office is 13 SPACES TEDDINGTON, THE CAUSEWAY, TEDDINGTON, TW11 0JR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Current tax is recognised at the amount of tax apyable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Hi-Line Lighting Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
18,244
16,466
34,710
At 30 November 2023
18,244
17,621
35,865
At 1 December 2022
14,031
10,986
25,017
Charge for the year
2,439
2,412
4,851
At 30 November 2023
16,470
13,398
29,868
At 30 November 2023
1,774
4,223
5,997
At 30 November 2022
4,213
5,480
9,693
5
Investments
Other investments
Valuation at 1 December 2022
104,897
Valuation at 30 November 2023
90,914
Amounts falling due within one year
Other debtors
49,355
37,027
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
51,716
79,955
Trade creditors
27,139
25,327
Taxes and social security
2,098
(619)
Other creditors
66,699
55,593
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).