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Company Registration No. 14165964 (England and Wales)
Hiko Electrical Services Ltd Unaudited accounts for the year ended 30 June 2024
Hiko Electrical Services Ltd Unaudited accounts Contents
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Hiko Electrical Services Ltd Company Information for the year ended 30 June 2024
Directors
Edward Andrew Waters Samuel James Cotton
Company Number
14165964 (England and Wales)
Registered Office
12 Stour Road Bournemouth BH8 8SY England
Accountants
SH Accounting Solutions Ltd Office 1, 319a Holdenhurst Road Bournemouth BH8 8BT
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Hiko Electrical Services Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,276 
- 
Current assets
Debtors
9,117 
1,466 
Cash at bank and in hand
23,062 
6,170 
32,179 
7,636 
Creditors: amounts falling due within one year
(12,155)
(7,501)
Net current assets
20,024 
135 
Total assets less current liabilities
24,300 
135 
Provisions for liabilities
Deferred tax
(812)
- 
Net assets
23,488 
135 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
23,388 
35 
Shareholders' funds
23,488 
135 
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by
Samuel James Cotton Director Company Registration No. 14165964
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Hiko Electrical Services Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Hiko Electrical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 14165964. The registered office is 12 Stour Road, Bournemouth, BH8 8SY, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% reducing balance method
Motor vehicles
25% reducing balance method
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Hiko Electrical Services Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
- 
- 
- 
Additions
1,791 
3,650 
5,441 
At 30 June 2024
1,791 
3,650 
5,441 
Depreciation
Charge for the year
367 
798 
1,165 
At 30 June 2024
367 
798 
1,165 
Net book value
At 30 June 2024
1,424 
2,852 
4,276 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,088 
120 
Other debtors
8,029 
1,346 
9,117 
1,466 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
8,677 
7,354 
Loans from directors
3,331 
- 
Accruals
147 
147 
12,155 
7,501 
7
Transactions with related parties
During the year, the company made the following related party transactions: Directors During the year, the directors received loans of £8,158 and repaid a total of £12,819. At the balance sheet date, the amount owed to the directors was £3,331 ( 2023 -£1,330).
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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