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REGISTERED NUMBER: 02056384 (England and Wales)












Financial Statements for the Year Ended 31 December 2024

for

Hi-Tech Machinery Limited

Hi-Tech Machinery Limited (Registered number: 02056384)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hi-Tech Machinery Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: A M Havord





SECRETARY: C A Havord





REGISTERED OFFICE: A2 G80 Cody Technology Park
Farnborough
Hampshire
GU14 0LX





REGISTERED NUMBER: 02056384 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP

Hi-Tech Machinery Limited (Registered number: 02056384)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 9,690 1,750

CURRENT ASSETS
Inventories 115,096 91,516
Debtors 5 95,400 89,040
Cash at bank and in hand 430,756 641,449
641,252 822,005
CREDITORS
Amounts falling due within one year 6 (41,702 ) (209,598 )
NET CURRENT ASSETS 599,550 612,407
TOTAL ASSETS LESS CURRENT LIABILITIES 609,240 614,157

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 609,220 614,137
SHAREHOLDERS' FUNDS 609,240 614,157

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 2 April 2025 and were signed by:





A M Havord - Director


Hi-Tech Machinery Limited (Registered number: 02056384)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Hi-Tech Machinery 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Revenue 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.
Improvements to property - 20% on cost
Motor vehicles - 25% on cost
Office equipment - 20 - 34 % straight line on cost

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 7 (2023 - 7 ) .

Hi-Tech Machinery Limited (Registered number: 02056384)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Motor Office
property vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 5,984 23,610 13,397 42,991
Additions - 10,500 1,297 11,797
At 31 December 2024 5,984 34,110 14,694 54,788
DEPRECIATION
At 1 January 2024 5,984 23,610 11,647 41,241
Charge for year - 2,625 1,232 3,857
At 31 December 2024 5,984 26,235 12,879 45,098
NET BOOK VALUE
At 31 December 2024 - 7,875 1,815 9,690
At 31 December 2023 - - 1,750 1,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 76,149 61,276
Amounts recoverable on contract - 6,226
Other debtors 19,251 21,538
95,400 89,040

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 21,000 47,503
Taxation and social security 18,622 31,921
Other creditors 2,080 130,174
41,702 209,598