Registered number
10930408
HIGHTEST TECHNOLOGY LIMITED
Filleted Accounts
30 June 2024
HIGHTEST TECHNOLOGY LIMITED
Registered number: 10930408
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,547 698
Current assets
Stocks 3,175 4,925
Debtors 4 56,764 88,587
Cash at bank and in hand 664,862 475,180
724,801 568,692
Creditors: amounts falling due within one year 5 (447,216) (420,381)
Net current assets 277,585 148,311
Total assets less current liabilities 289,132 149,009
Creditors: amounts falling due after more than one year 6 (47,024) (50,630)
Net assets 242,108 98,379
Capital and reserves
Called up share capital 100 100
Profit and loss account 242,008 98,279
Shareholder's funds 242,108 98,379
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
HILMI TEMIZ
Director
Approved by the board on 29 August 2024
HIGHTEST TECHNOLOGY LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 2
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 July 2023 1,739 - 1,739
Additions - 13,995 13,995
At 30 June 2024 1,739 13,995 15,734
Depreciation
At 1 July 2023 1,041 - 1,041
Charge for the year 347 2,799 3,146
At 30 June 2024 1,388 2,799 4,187
Net book value
At 30 June 2024 351 11,196 11,547
At 30 June 2023 698 - 698
4 Debtors 2024 2023
£ £
Trade debtors 10,075 45,322
Other debtors 46,689 43,265
56,764 88,587
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 382,968 332,607
Taxation and social security costs 43,673 6,078
Other creditors 20,575 81,696
447,216 420,381
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 47,024 50,630
7 Controlling party
Ultimate controlling party is Mr H Temiz as director and sole shareholder of the company throughout the current year and the previous year.
8 Other information
HIGHTEST TECHNOLOGY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
UNIT 14
BLENHEIM ROAD
FIRST QUARTER
EPSOM
KT19 9QN
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