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Registered number: 08070838










HY-TEK ENTERPRISES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
HY-TEK ENTERPRISES LIMITED
 
 
COMPANY INFORMATION


Directors
A J Bacon (appointed 9 April 2024)
Mrs K Bacon (appointed 17 April 2024)
T D Fenn (resigned 9 April 2024)




Registered number
08070838



Registered office
3 Main Cross Road

Great Yarmouth

Norfolk

NR30 3PD




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
HY-TEK ENTERPRISES LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 6


 
HY-TEK ENTERPRISES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HY-TEK ENTERPRISES LIMITED
FOR THE YEAR ENDED 30 NOVEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hy-Tek Enterprises Limited for the year ended 30 November 2023 which comprise  the balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the board of directors of Hy-Tek Enterprises Limited, as a body, in accordance with the terms of our engagement letter dated 21 August 2024Our work has been undertaken solely to prepare for your approval the financial statements of Hy-Tek Enterprises Limited and state those matters that we have agreed to state to the board of directors of Hy-Tek Enterprises Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hy-Tek Enterprises Limited and its board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Hy-Tek Enterprises Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hy-Tek Enterprises Limited. You consider that Hy-Tek Enterprises Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Hy-Tek Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

 
26 September 2024
Page 1

 
HY-TEK ENTERPRISES LIMITED
REGISTERED NUMBER: 08070838

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
625,000
627,700

Current assets
  

Debtors: amounts falling due within one year
  
2,700
-

Cash at bank and in hand
  
-
1,800

  
2,700
1,800

Creditors: amounts falling due within one year
 6 
(625,000)
(626,800)

Net current liabilities
  
 
 
(622,300)
 
 
(625,000)

Total assets less current liabilities
  
2,700
2,700

  

Net assets
  
2,700
2,700


Capital and reserves
  

Called up share capital 
 7 
2,700
2,700

Capital redemption reserve
  
1,800
1,800

Profit and loss account
  
(1,800)
(1,800)

  
2,700
2,700


Page 2

 
HY-TEK ENTERPRISES LIMITED
REGISTERED NUMBER: 08070838
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 September 2024.




Mrs K Bacon
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
HY-TEK ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Hy-Tek Enterprises Limited is a private company, limited by shares, incorporated and domiciled in England and Wales. The registered office, and principal place of business is Main Cross Road, Great Yarmouth, Norfolk, NR30 3PD.
The Company's principal activity is a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
HY-TEK ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
1
1


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2022
627,700


Disposals
(2,700)



At 30 November 2023
625,000





5.


Debtors

2023
2022
£
£


Unpaid share capital
2,700
-

2,700
-


Page 5

 
HY-TEK ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
624,130
626,800

Other creditors
30
-

Accruals and deferred income
840
-

625,000
626,800



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2,700  Ordinary A shares of £1.00 each
2,700
2,700


 
Page 6