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REGISTERED NUMBER: 10616329 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

HI-SIGHT IMAGING LTD

HI-SIGHT IMAGING LTD (REGISTERED NUMBER: 10616329)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HI-SIGHT IMAGING LTD

COMPANY INFORMATION
for the Year Ended 29th February 2024







DIRECTORS: P F Garbutt
Mrs N Garbutt





REGISTERED OFFICE: 94 Harley Close
Telford
Shropshire
TF1 3LF





REGISTERED NUMBER: 10616329 (England and Wales)





ACCOUNTANTS: D E Ball & Co Limited
Chartered Accountants
15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB

HI-SIGHT IMAGING LTD (REGISTERED NUMBER: 10616329)

BALANCE SHEET
29th February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,477 11,973

CURRENT ASSETS
Debtors 5 516 1,920
Cash at bank 359 142
875 2,062
CREDITORS
Amounts falling due within one year 6 1,417 1,437
NET CURRENT (LIABILITIES)/ASSETS (542 ) 625
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,935

12,598

CREDITORS
Amounts falling due after more than one year 7 (2,225 ) (6,160 )

PROVISIONS FOR LIABILITIES (411 ) (361 )
NET ASSETS 6,299 6,077

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,298 6,076
SHAREHOLDERS' FUNDS 6,299 6,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HI-SIGHT IMAGING LTD (REGISTERED NUMBER: 10616329)

BALANCE SHEET - continued
29th February 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th November 2024 and were signed on its behalf by:





P F Garbutt - Director


HI-SIGHT IMAGING LTD (REGISTERED NUMBER: 10616329)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

Hi-Sight Imaging Ltd 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.
Equipment - at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

HI-SIGHT IMAGING LTD (REGISTERED NUMBER: 10616329)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1st March 2023
and 29th February 2024 20,168
DEPRECIATION
At 1st March 2023 8,195
Charge for year 2,496
At 29th February 2024 10,691
NET BOOK VALUE
At 29th February 2024 9,477
At 28th February 2023 11,973

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 516 1,678
Other debtors - 242
516 1,920

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 1,080 1,080
Taxation and social security 109 -
Other creditors 228 357
1,417 1,437

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 1,726 2,714
Other creditors 499 3,446
2,225 6,160

8. ULTIMATE CONTROLLING PARTY

The controlling party is P F Garbutt.