IRIS Accounts Production v24.3.2.46 02634330 director 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026343302023-08-31026343302024-08-31026343302023-09-012024-08-31026343302022-08-31026343302022-09-012023-08-31026343302023-08-3102634330ns15:EnglandWales2023-09-012024-08-3102634330ns14:PoundSterling2023-09-012024-08-3102634330ns10:Director12023-09-012024-08-3102634330ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3102634330ns10:SmallEntities2023-09-012024-08-3102634330ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3102634330ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3102634330ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3102634330ns10:FullAccounts2023-09-012024-08-3102634330ns10:CompanySecretary12023-09-012024-08-3102634330ns10:RegisteredOffice2023-09-012024-08-3102634330ns5:CurrentFinancialInstruments2024-08-3102634330ns5:CurrentFinancialInstruments2023-08-3102634330ns5:ShareCapital2024-08-3102634330ns5:ShareCapital2023-08-3102634330ns5:RetainedEarningsAccumulatedLosses2024-08-3102634330ns5:RetainedEarningsAccumulatedLosses2023-08-3102634330ns5:PlantMachinery2023-09-012024-08-3102634330ns5:PlantMachinery2023-08-3102634330ns5:PlantMachinery2024-08-3102634330ns5:PlantMachinery2023-08-3102634330ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3102634330ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 02634330 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

HI-LITE WINDOWS LIMITED

HI-LITE WINDOWS LIMITED (REGISTERED NUMBER: 02634330)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 August 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3

Chartered accountants' report 5

HI-LITE WINDOWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 August 2024







DIRECTOR: J F Watkins





SECRETARY: Mrs E Watkins





REGISTERED OFFICE: Langdale
Westrip Lane
Stroud
Gloucestershire
GL5 4BL





REGISTERED NUMBER: 02634330 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

HI-LITE WINDOWS LIMITED (REGISTERED NUMBER: 02634330)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,126 9,551

CURRENT ASSETS
Stocks 7,385 12,042
Debtors 5 2,689 266
Cash at bank 2,865 5,353
12,939 17,661
CREDITORS
Amounts falling due within one year 6 69,970 62,603
NET CURRENT LIABILITIES (57,031 ) (44,942 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,905

)

(35,391

)

PROVISIONS FOR LIABILITIES 2,531 2,388
NET LIABILITIES (49,436 ) (37,779 )

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings (49,586 ) (37,929 )
SHAREHOLDERS' FUNDS (49,436 ) (37,779 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2025 and were signed by:





J F Watkins - Director


HI-LITE WINDOWS LIMITED (REGISTERED NUMBER: 02634330)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 August 2024

1. STATUTORY INFORMATION

Hi-Lite Windows Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
At the balance sheet date, the company had net liabilities of £49,366 (2023: £37,779). The director has considered the funding needs of the company for at least the next 12 months and is confident that all third party creditors will be paid. Consequently these financial statements are drawn up on a going concern basis.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

HI-LITE WINDOWS LIMITED (REGISTERED NUMBER: 02634330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 31,066
Additions 12,749
Disposals (24,060 )
At 31 August 2024 19,755
DEPRECIATION
At 1 September 2023 21,515
Charge for year 3,257
Eliminated on disposal (15,143 )
At 31 August 2024 9,629
NET BOOK VALUE
At 31 August 2024 10,126
At 31 August 2023 9,551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,689 108
Other debtors - 158
2,689 266

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Deposits held 14,733 8,487
Trade creditors 27,835 29,837
Taxation and social security 8,213 8,940
Other creditors 19,189 15,339
69,970 62,603

7. RELATED PARTY DISCLOSURES

At the balance sheet date, £17,070 was owed to Mr J Watkins, a shareholder and director of the company (2023: £13,220).

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HI-LITE WINDOWS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hi-Lite Windows Limited for the year ended 31 August 2024 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hi-Lite Windows Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hi-Lite Windows Limited and state those matters that we have agreed to state to the director of Hi-Lite Windows Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hi-Lite Windows Limited and its director for our work or for this report.

It is your duty to ensure that Hi-Lite Windows Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hi-Lite Windows Limited. You consider that Hi-Lite Windows Limited 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 financial statements of Hi-Lite Windows Limited. 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 financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


Date: .............................................