Company registration number 04147290 (England and Wales)
HILINE TECHNOLOGIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
HILINE TECHNOLOGIES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
HILINE TECHNOLOGIES LTD
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,878
13,465
Current assets
Stocks
66,364
38,304
Debtors
4
927,402
745,738
Cash at bank and in hand
37,144
190,984
1,030,910
975,026
Creditors: amounts falling due within one year
5
(544,418)
(502,777)
Net current assets
486,492
472,249
Total assets less current liabilities
490,370
485,714
Creditors: amounts falling due after more than one year
6
(9,476)
(20,137)
Provisions for liabilities
(13,977)
(14,040)
Net assets
466,917
451,537
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
456,917
441,537
Total equity
466,917
451,537

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

HILINE TECHNOLOGIES LTD
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024
30 September 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 27 March 2025
Mr Trevor Luker
Mrs Francine Luker
Director
Director
Company Registration No. 04147290
HILINE TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

Hiline Technologies Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 3a Chestnut House, Farm Close, Shenley, Hertfordshire, United Kingdom, WD7 9AD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Fixtures and fittings
20% straight line
Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

HILINE TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023
70,135
Disposals
(54,169)
At 30 September 2024
15,966
Depreciation and impairment
At 1 October 2023
56,670
Depreciation charged in the year
9,587
Eliminated in respect of disposals
(54,169)
At 30 September 2024
12,088
Carrying amount
At 30 September 2024
3,878
At 30 September 2023
13,465
HILINE TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
152,778
215,334
Other debtors
774,624
530,404
927,402
745,738
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,524
10,069
Trade creditors
133,248
159,142
Corporation tax
7,783
7,572
Other taxation and social security
48,492
46,327
Other creditors
344,371
279,667
544,418
502,777
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
9,476
20,137
2024-09-302023-10-01falsefalsefalse27 March 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr Trevor LukerMrs Francine Luker041472902023-10-012024-09-30041472902024-09-30041472902023-09-3004147290core:OtherPropertyPlantEquipment2024-09-3004147290core:OtherPropertyPlantEquipment2023-09-3004147290core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3004147290core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3004147290core:Non-currentFinancialInstrumentscore:AfterOneYear2024-09-3004147290core:Non-currentFinancialInstrumentscore:AfterOneYear2023-09-3004147290core:CurrentFinancialInstruments2024-09-3004147290core:CurrentFinancialInstruments2023-09-3004147290core:ShareCapital2024-09-3004147290core:ShareCapital2023-09-3004147290core:RetainedEarningsAccumulatedLosses2024-09-3004147290core:RetainedEarningsAccumulatedLosses2023-09-3004147290bus:Director12023-10-012024-09-3004147290bus:Director22023-10-012024-09-3004147290core:PlantMachinery2023-10-012024-09-3004147290core:FurnitureFittings2023-10-012024-09-3004147290core:ComputerEquipment2023-10-012024-09-30041472902022-10-012023-09-3004147290core:OtherPropertyPlantEquipment2023-09-3004147290core:OtherPropertyPlantEquipment2023-10-012024-09-3004147290core:WithinOneYear2024-09-3004147290core:WithinOneYear2023-09-3004147290core:Non-currentFinancialInstruments2024-09-3004147290core:Non-currentFinancialInstruments2023-09-3004147290bus:PrivateLimitedCompanyLtd2023-10-012024-09-3004147290bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3004147290bus:FRS1022023-10-012024-09-3004147290bus:AuditExemptWithAccountantsReport2023-10-012024-09-3004147290bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP