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REGISTERED NUMBER: 04197612 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Hi-Tech Welding & Fabrication Limited

Hi-Tech Welding & Fabrication Limited (Registered number: 04197612)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hi-Tech Welding & Fabrication Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: G Monaghan





SECRETARY: Mrs C Monaghan





REGISTERED OFFICE: Unit 13b M1 Commerce Park
Markham Lane
Duckmanton
Chesterfield
Derbyshire
S44 5HS





REGISTERED NUMBER: 04197612 (England and Wales)





ACCOUNTANTS: Hadfields Chartered Certified Accountants
Commerce House
658B Chatsworth Road
Chesterfield
Derbyshire
S40 3JZ

Hi-Tech Welding & Fabrication Limited (Registered number: 04197612)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,417 43,023

CURRENT ASSETS
Debtors 5 200,532 198,975
Cash at bank 181,472 186,546
382,004 385,521
CREDITORS
Amounts falling due within one year 6 80,657 93,168
NET CURRENT ASSETS 301,347 292,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

340,764

335,376

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 340,661 335,273
SHAREHOLDERS' FUNDS 340,764 335,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2024 and were signed by:





G Monaghan - Director


Hi-Tech Welding & Fabrication Limited (Registered number: 04197612)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Hi-Tech Welding & Fabrication Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

Hi-Tech Welding & Fabrication Limited (Registered number: 04197612)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 100,821 45,042 7,382 153,245
Additions 3,968 - - 3,968
At 30 April 2024 104,789 45,042 7,382 157,213
DEPRECIATION
At 1 May 2023 68,250 34,899 7,073 110,222
Charge for year 4,936 2,536 102 7,574
At 30 April 2024 73,186 37,435 7,175 117,796
NET BOOK VALUE
At 30 April 2024 31,603 7,607 207 39,417
At 30 April 2023 32,571 10,143 309 43,023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 181,074 184,609
Other debtors 19,458 14,366
200,532 198,975

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 529 551
Trade creditors 30,291 50,423
Taxation and social security 44,876 40,236
Other creditors 4,961 1,958
80,657 93,168