Registered number
11925760
HILT ADVENTURES LTD
Filleted Accounts
30 April 2024
HILT ADVENTURES LTD
Registered number: 11925760
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,754 1,754
Tangible assets 4 63,224 70,783
64,978 72,537
Current assets
Debtors 5 18,185 11,363
Cash at bank and in hand 197,678 206,687
215,863 218,050
Creditors: amounts falling due within one year 6 (102,689) (90,227)
Net current assets 113,174 127,823
Total assets less current liabilities 178,152 200,360
Creditors: amounts falling due after more than one year 7 (14,190) (19,965)
Net assets 163,962 180,395
Capital and reserves
Called up share capital 1,077 1,077
Share premium 169,074 199,074
Profit and loss account (6,189) (19,756)
Shareholders' funds 163,962 180,395
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Jackie Howard
Director
Approved by the board on 15 August 2024
HILT ADVENTURES LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Intangible fixed assets £
Licences
Cost
At 1 May 2023 1,754
At 30 April 2024 1,754
Amortisation
At 30 April 2024 -
Net book value
At 30 April 2024 1,754
At 30 April 2023 1,754
4 Tangible fixed assets
Fixtures & fittings Infrastructure Equipment Total
£ £ £ £
Cost
At 1 May 2023 8,278 83,895 13,566 105,739
At 30 April 2024 8,278 83,895 13,566 105,739
Depreciation
At 1 May 2023 4,923 20,693 9,340 34,956
Charge for the year 1,118 5,033 1,408 7,559
At 30 April 2024 6,041 25,726 10,748 42,515
Net book value
At 30 April 2024 2,237 58,169 2,818 63,224
At 30 April 2023 3,355 63,202 4,226 70,783
5 Debtors 2024 2023
£ £
Trade debtors 2,930 1,738
Other debtors 15,255 9,625
18,185 11,363
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 20,843 18,166
Trade creditors 14,515 29,164
Taxation and social security costs 8,707 9,897
Accruals 58,624 33,000
102,689 90,227
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,190 19,965
8 Other information
HILT ADVENTURES LTD is a private company limited by shares and incorporated in England. Its registered office is:
57b Goodramgate
York
YO1 7LS
HILT ADVENTURES LTD 11925760 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts April 2024 Ms Jackie Howard No description of principal activity 11925760 2022-05-01 2023-04-30 11925760 core:WithinOneYear 2023-04-30 11925760 core:AfterOneYear 2023-04-30 11925760 core:ShareCapital 2023-04-30 11925760 core:SharePremium 2023-04-30 11925760 core:RetainedEarningsAccumulatedLosses 2023-04-30 11925760 2023-05-01 2024-04-30 11925760 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11925760 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11925760 bus:Director40 2023-05-01 2024-04-30 11925760 1 2023-05-01 2024-04-30 11925760 2 2023-05-01 2024-04-30 11925760 core:LandBuildings 2023-05-01 2024-04-30 11925760 core:PlantMachinery 2023-05-01 2024-04-30 11925760 core:Vehicles 2023-05-01 2024-04-30 11925760 countries:England 2023-05-01 2024-04-30 11925760 bus:FRS102 2023-05-01 2024-04-30 11925760 bus:FilletedAccounts 2023-05-01 2024-04-30 11925760 2024-04-30 11925760 core:WithinOneYear 2024-04-30 11925760 core:AfterOneYear 2024-04-30 11925760 core:ShareCapital 2024-04-30 11925760 core:SharePremium 2024-04-30 11925760 core:RetainedEarningsAccumulatedLosses 2024-04-30 11925760 core:Goodwill 2024-04-30 11925760 core:LandBuildings 2024-04-30 11925760 core:PlantMachinery 2024-04-30 11925760 core:Vehicles 2024-04-30 11925760 2023-04-30 11925760 core:Goodwill 2023-04-30 11925760 core:LandBuildings 2023-04-30 11925760 core:PlantMachinery 2023-04-30 11925760 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure