Hyline Security (UK) Limited 08224498 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of security services. Digita Accounts Production Advanced 6.30.9574.0 true true 08224498 2023-04-01 2024-03-31 08224498 2024-03-31 08224498 bus:Director1 1 2024-03-31 08224498 bus:Director2 1 2024-03-31 08224498 bus:OrdinaryShareClass1 2024-03-31 08224498 core:CurrentFinancialInstruments 2024-03-31 08224498 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08224498 core:FurnitureFittingsToolsEquipment 2024-03-31 08224498 core:MotorVehicles 2024-03-31 08224498 bus:SmallEntities 2023-04-01 2024-03-31 08224498 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08224498 bus:FilletedAccounts 2023-04-01 2024-03-31 08224498 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08224498 bus:RegisteredOffice 2023-04-01 2024-03-31 08224498 bus:Director1 2023-04-01 2024-03-31 08224498 bus:Director1 1 2023-04-01 2024-03-31 08224498 bus:Director2 2023-04-01 2024-03-31 08224498 bus:Director2 1 2023-04-01 2024-03-31 08224498 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08224498 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08224498 core:FurnitureFittings 2023-04-01 2024-03-31 08224498 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08224498 core:MotorVehicles 2023-04-01 2024-03-31 08224498 core:OfficeEquipment 2023-04-01 2024-03-31 08224498 countries:EnglandWales 2023-04-01 2024-03-31 08224498 2023-03-31 08224498 bus:Director1 1 2023-03-31 08224498 bus:Director2 1 2023-03-31 08224498 core:FurnitureFittingsToolsEquipment 2023-03-31 08224498 core:MotorVehicles 2023-03-31 08224498 2022-04-01 2023-03-31 08224498 2023-03-31 08224498 bus:Director1 1 2023-03-31 08224498 bus:Director2 1 2023-03-31 08224498 bus:OrdinaryShareClass1 2023-03-31 08224498 core:CurrentFinancialInstruments 2023-03-31 08224498 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08224498 core:FurnitureFittingsToolsEquipment 2023-03-31 08224498 core:MotorVehicles 2023-03-31 08224498 bus:Director1 1 2022-04-01 2023-03-31 08224498 bus:Director2 1 2022-04-01 2023-03-31 08224498 bus:Director1 1 2022-03-31 08224498 bus:Director2 1 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08224498

Hyline Security (UK) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Hyline Security (UK) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Hyline Security (UK) Limited

Company Information

Directors

Mr Antony Harold

Mr Frederick Steward

Registered office

Rosalind Franklin House
Fordham Road
Newmarket
Suffolk
CB8 7XN

Accountants

Mrs Victoria Anne Cooper
Red Shoes Accounting Services
Unit 7 E-Space North
181 Wisbech Road
Littleport
Cambridgeshire
CB6 1RA

 

Hyline Security (UK) Limited

(Registration number: 08224498)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,496

482

Current assets

 

Debtors

5

318,154

362,180

Cash at bank and in hand

 

2,891

7,166

 

321,045

369,346

Creditors: Amounts falling due within one year

6

(318,894)

(313,031)

Net current assets

 

2,151

56,315

Total assets less current liabilities

 

3,647

56,797

Provisions for liabilities

-

(92)

Net assets

 

3,647

56,705

Capital and reserves

 

Called up share capital

7

210

210

Retained earnings

3,437

56,495

Shareholders' funds

 

3,647

56,705

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 September 2024 and signed on its behalf by:
 

 

Hyline Security (UK) Limited

(Registration number: 08224498)
Balance Sheet as at 31 March 2024

.........................................
Mr Antony Harold
Director

.........................................
Mr Frederick Steward
Director

 

Hyline Security (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rosalind Franklin House
Fordham Road
Newmarket
Suffolk
CB8 7XN

These financial statements were authorised for issue by the Board on 10 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Hyline Security (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% straight line

Motor vehicles

33% straight line

Fixtures and fittings

15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Hyline Security (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2023 - 23).

 

Hyline Security (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

17,866

41,930

59,796

Additions

1,844

-

1,844

At 31 March 2024

19,710

41,930

61,640

Depreciation

At 1 April 2023

17,384

41,930

59,314

Charge for the year

830

-

830

At 31 March 2024

18,214

41,930

60,144

Carrying amount

At 31 March 2024

1,496

-

1,496

At 31 March 2023

482

-

482

5

Debtors

Current

2024
£

2023
£

Trade debtors

153,122

199,396

Prepayments

6,647

-

Other debtors

158,385

162,784

 

318,154

362,180

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

83,667

38,440

Taxation and social security

94,557

151,033

Accruals and deferred income

1,600

1,600

Other creditors

139,070

121,958

318,894

313,031

 

Hyline Security (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

210

210

210

210

       

8

Dividends

Final dividends paid

2024
£

2023
£

Final dividend of 600.00 (2023 - 876.00) per each Ordinary share

126,000

184,000

 

 

9

Related party transactions

 

Hyline Security (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Transactions with directors

2024

At 1 April 2023
£

Repayments by director
£

At 31 March 2024
£

Mr Antony Harold

Directors Loan

(56,195)

4,005

(52,190)

Mr Frederick Steward

Directors Loan

(56,195)

58

(56,136)

2023

At 1 April 2022
£

Repayments by director
£

At 31 March 2023
£

Mr Antony Harold

Directors Loan

(31,858)

(24,337)

(56,195)

Mr Frederick Steward

Directors Loan

(58,858)

2,663

(56,195)

 

Hyline Security (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

24,462

24,000