Company Registration No. 11442173 (England and Wales)
Hilite Agency Ltd
Unaudited accounts
for the year ended 31 July 2024
Hilite Agency Ltd
Unaudited accounts
Contents
Hilite Agency Ltd
Company Information
for the year ended 31 July 2024
Company Number
11442173 (England and Wales)
Registered Office
SEVEVSEAS
GOGGESHALL ROAD
KELVEDON
COLCHESTER
ESSEX
C05 9PE
ENGLAND
Accountants
DC Business Management Services
29 Falcon Crescent
Ponders End
Enfield
Middlesex
EN3 4LT
Hilite Agency Ltd
Accountants' report
Accountants' report to the director of Hilite Agency Ltd on the preparation of the unaudited statutory accounts for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Hilite Agency Ltd for the year ended
31 July 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Hilite Agency Ltd, as a body, in accordance with the terms of our engagement letter dated 16 April 2021. Our work has been undertaken solely to prepare for your approval the accounts of Hilite Agency Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hilite Agency Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Hilite Agency Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hilite Agency Ltd. You consider that Hilite Agency Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Hilite Agency Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DC Business Management Services
29 Falcon Crescent
Ponders End
Enfield
Middlesex
EN3 4LT
29 September 2024
Hilite Agency Ltd
Statement of financial position
as at 31 July 2024
Intangible assets
26,100
30,450
Tangible assets
4,300
8,600
Cash at bank and in hand
50,153
56,474
Creditors: amounts falling due within one year
(151,919)
(98,601)
Net current assets/(liabilities)
721
(4,591)
Total assets less current liabilities
31,121
34,459
Creditors: amounts falling due after more than one year
(17,681)
(27,607)
Called up share capital
2
2
Profit and loss account
13,438
6,850
Shareholders' funds
13,440
6,852
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2024 and were signed on its behalf by
MARIOS KYRIACOU
Director
Company Registration No. 11442173
Hilite Agency Ltd
Notes to the Accounts
for the year ended 31 July 2024
Hilite Agency Ltd is a private company, limited by shares, registered in England and Wales, registration number 11442173. The registered office is SEVEVSEAS, GOGGESHALL ROAD, KELVEDON, COLCHESTER, ESSEX, C05 9PE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Atomisation over 10 years
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Straight Line 25%
4
Intangible fixed assets
Goodwill
Hilite Agency Ltd
Notes to the Accounts
for the year ended 31 July 2024
5
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Trade debtors
24,190
15,528
Other debtors
78,297
21,265
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
95,412
107,930
Taxes and social security
3,322
9,885
Loans from directors
15,000
(20,000)
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).