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HEX8 AUTOMOTIVE LIMITED

Registered Number
11786730
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

HEX8 AUTOMOTIVE LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

LANE, Matthew James Stephen

Registered Address

Unit 27 Aztec Business Centre
The Queensway
Swansea
SA5 4DJ

Registered Number

11786730 (England and Wales)
HEX8 AUTOMOTIVE LIMITED
Statement of Financial Position
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets336,80013,052
36,80013,052
Current assets
Debtors775447
Cash at bank and on hand9,6898,168
10,4648,615
Creditors amounts falling due within one year4(13,615)(13,182)
Net current assets (liabilities)(3,151)(4,567)
Total assets less current liabilities33,6498,485
Creditors amounts falling due after one year5(3,579)(5,512)
Net assets30,0702,973
Capital and reserves
Called up share capital11
Profit and loss account30,0692,972
Shareholders' funds30,0702,973
The financial statements were approved and authorised for issue by the Director on 22 October 2024, and are signed on its behalf by:
LANE, Matthew James Stephen
Director
Registered Company No. 11786730
HEX8 AUTOMOTIVE LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The company continues to adopt the going concern basis in preparing its financial statements.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 February 2322,069-1,00923,078
Additions1,51324,2221,54427,279
At 31 January 2423,58224,2222,55350,357
Depreciation and impairment
At 01 February 239,702-32410,026
Charge for year2,5334045943,531
At 31 January 2412,23540491813,557
Net book value
At 31 January 2411,34723,8181,63536,800
At 31 January 2312,367-68513,052
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts2,1082,019
Other creditors10,3559,795
Accrued liabilities and deferred income1,1521,368
Total13,61513,182
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.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts3,5795,512
Total3,5795,512