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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
Page
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Hilite Agency Ltd Company Information for the year ended 31 July 2024
Director
MARIOS KYRIACOU
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
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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
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Hilite Agency Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
26,100 
30,450 
Tangible assets
4,300 
8,600 
30,400 
39,050 
Current assets
Debtors
102,487 
37,536 
Cash at bank and in hand
50,153 
56,474 
152,640 
94,010 
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)
Net assets
13,440 
6,852 
Capital and reserves
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
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Hilite Agency Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
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 
£ 
Cost
At 1 August 2023
43,500 
At 31 July 2024
43,500 
Amortisation
At 1 August 2023
13,050 
Charge for the year
4,350 
At 31 July 2024
17,400 
Net book value
At 31 July 2024
26,100 
At 31 July 2023
30,450 
Purchase of client list
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Hilite Agency Ltd Notes to the Accounts for the year ended 31 July 2024
5
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 August 2023
21,500 
At 31 July 2024
21,500 
Depreciation
At 1 August 2023
12,900 
Charge for the year
4,300 
At 31 July 2024
17,200 
Net book value
At 31 July 2024
4,300 
At 31 July 2023
8,600 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
743 
Trade debtors
24,190 
15,528 
Other debtors
78,297 
21,265 
102,487 
37,536 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,876 
- 
Trade creditors
95,412 
107,930 
Taxes and social security
3,322 
9,885 
Other creditors
- 
(464)
Loans from directors
15,000 
(20,000)
Accruals
36,309 
1,250 
151,919 
98,601 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,681 
27,607 
Bounce Back Loan
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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