Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01The company's principal activity was trading in equipment and materials through its branch in Cyprus.00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11320941 2023-05-01 2024-04-30 11320941 2022-05-01 2023-04-30 11320941 2024-04-30 11320941 2023-04-30 11320941 c:Director1 2023-05-01 2024-04-30 11320941 d:CurrentFinancialInstruments 2024-04-30 11320941 d:CurrentFinancialInstruments 2023-04-30 11320941 d:Non-currentFinancialInstruments 2024-04-30 11320941 d:Non-currentFinancialInstruments 2023-04-30 11320941 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11320941 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11320941 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 11320941 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11320941 d:ShareCapital 2024-04-30 11320941 d:ShareCapital 2023-04-30 11320941 d:RetainedEarningsAccumulatedLosses 2024-04-30 11320941 d:RetainedEarningsAccumulatedLosses 2023-04-30 11320941 c:FRS102 2023-05-01 2024-04-30 11320941 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11320941 c:AbridgedAccounts 2023-05-01 2024-04-30 11320941 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11320941 e:Euro 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 11320941









HI-TECH FACILITIES LTD








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
HI-TECH FACILITIES LTD
REGISTERED NUMBER: 11320941

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note

  

Current assets
  

Debtors
  
410,945
421,107

Cash at bank and in hand
  
51,477
280,684

  
462,422
701,791

Creditors: amounts falling due within one year
 6 
(144,712)
(385,502)

Net current assets
  
 
 
317,710
 
 
316,289

Total assets less current liabilities
  
317,710
316,289

Creditors: amounts falling due after more than one year
  
(150,000)
(150,000)

Net assets
  
167,710
166,289


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
167,708
166,287

  
167,710
166,289


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2025.




CUTLER, Karl James
Page 1

 
HI-TECH FACILITIES LTD
REGISTERED NUMBER: 11320941
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
HI-TECH FACILITIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The HI-TECH FACILITIES LTD (the ''Company'') was incorporated in United Kingdom on 20
April 2018 as a private company limited by shares.
Its registered office is at Dept 4610 601 International House, 223 Regent Street, London, England, W1B
2QD.
The company's principal activity was trading in equipment and materials through its branch in Cyprus.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

Page 3

 
HI-TECH FACILITIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
HI-TECH FACILITIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - €NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
51,477
280,684

51,477
280,684



5.


Debtors

2024
2023

Due after more than one year

Other debtors
1,059
927

1,059
927

Due within one year

Trade debtors
409,886
420,180

410,945
421,107


Page 5

 
HI-TECH FACILITIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023

Trade creditors
128,552
369,494

Corporation tax
7,010
10,378

Other creditors
5,630
5,630

Accruals and deferred income
3,520
-

144,712
385,502



7.


Creditors: Amounts falling due after more than one year

2024
2023

Other creditors
150,000
150,000

150,000
150,000


Page 6