2023-07-01 11920809 2024-06-30 11920809 2023-07-01 2024-06-30 11920809 2023-06-30 11920809 2022-07-01 2023-06-30 11920809 uk-core:WithinOneYear 2023-06-30 11920809 uk-core:WithinOneYear 2024-06-30 11920809 uk-core:ShareCapital 2024-06-30 11920809 uk-core:ShareCapital 2023-06-30 11920809 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 11920809 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 11920809 uk-bus:Director1 2023-07-01 2024-06-30 11920809 uk-core:Vehicles 2023-07-01 2024-06-30 11920809 uk-core:WithinOneYear 2024-06-30 11920809 uk-core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure 11920809 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11920809 uk-bus:FRS102 2023-07-01 2024-06-30 11920809 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 11920809 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
Hi Science Limited
Registered Number:11920809
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2024
Hi Science Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11920809
As at 30 June 2024
Hi Science Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
20,897
19,397
Property, plant and equipment
7,909
10,546
2
28,806
29,943
Current assets
Trade and other receivables
3,122
16,925
3
1,188
Cash and cash equivalents
3,311
20,236
4,310
Trade and other payables: amounts falling due within one year
(203,671)
(353,049)
4
(199,361)
(332,813)
Net current liabilities
Total assets less current liabilities
(304,007)
(169,418)
(304,007)
Net liabilities
(169,418)
Capital and reserves
Called up share capital
100
100
Retained earnings
(304,107)
(169,518)
(304,007)
(169,418)
Shareholders' funds
For the year ended 30 June 2024 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year
and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply
with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Richard Weare Director
These financial statements were approved and authorised for issue by the Board on 12 November 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2024
Hi Science Limited
Notes to the Financial Statements
Statutory Information
Hi Science Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 11920809.
Registered address:
25 Walton Street
London
SW3 2HU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Intangible assets
Intangible assets (where applicable) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 30 June 2024
Hi Science Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Motor Vehicles
£
Cost or valuation
At 01 July 2023
25,000
At 30 June 2024
25,000
Provision for depreciation and impairment
At 01 July 2023
14,454
Charge for year
2,637
At 30 June 2024
17,091
At 30 June 2024
Net book value
7,909
At 30 June 2023
10,546
3. Trade and other receivables
2023
2024
£
£
Other debtors
16,925
3,122
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
20,752
30,746
Trade creditors
5,836
4,606
Other creditors
326,461
168,319
353,049
203,671
5. Average number of persons employed
During the year the average number of employees was 0
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