2023-09-01 05899989 2024-08-31 05899989 2023-09-01 2024-08-31 05899989 2023-08-31 05899989 2022-09-01 2023-08-31 05899989 uk-core:WithinOneYear 2023-08-31 05899989 uk-core:WithinOneYear 2024-08-31 05899989 uk-core:ShareCapital 2024-08-31 05899989 uk-core:ShareCapital 2023-08-31 05899989 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 05899989 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 05899989 uk-bus:Director1 2023-09-01 2024-08-31 05899989 uk-core:ToolsEquipment 2023-09-01 2024-08-31 05899989 uk-core:ComputerEquipment 2023-09-01 2024-08-31 05899989 uk-core:ComputerEquipment 2023-08-31 05899989 uk-core:ToolsEquipment 2023-08-31 05899989 uk-core:Buildings 2023-08-31 05899989 uk-core:Buildings 2023-09-01 2024-08-31 05899989 uk-core:Buildings 2024-08-31 05899989 uk-core:ToolsEquipment 2024-08-31 05899989 uk-core:ComputerEquipment 2024-08-31 iso4217:GBP xbrli:pure 05899989 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 05899989 uk-bus:FRS102 2023-09-01 2024-08-31 05899989 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 05899989 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Hovetech Ltd
Registered Number:05899989
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
05899989
As at 31 August 2024
Hovetech Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
10,001
9,740
2
10,001
9,740
Current assets
Trade and other receivables
5,100
5,950
3
8,972
Cash and cash equivalents
6,252
12,202
14,072
Trade and other payables: amounts falling due within
one year
(12,045)
(14,312)
4
2,027
(2,110)
Net current liabilities
Total assets less current liabilities
7,891
11,767
(924)
(865)
Provisions for liabilities
6,967
Net assets
10,902
Capital and reserves
Called up share capital
6
6
Retained earnings
6,961
10,896
6,967
10,902
Shareholders' funds
For the year ended 31 August 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 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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered
.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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Registered Number :
05899989
For the year ended 31 August 2024
Hovetech Ltd
Statement of Financial Position Continued
Mr Ian Douglas Hovey Director
These financial statements were approved and authorised for issue by the Board on 09 May 2025 and were signed by:
The notes form part of these financial statements
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For the year ended 31 August 2024
Hovetech Ltd
Notes to the Financial Statements
Statutory Information
Hovetech Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05899989.
Registered address:
12 Pilgrims Way
Weeting
Brandon
Suffolk
IP27 0QR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under
the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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For the year ended 31 August 2024
Hovetech Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 September 2023
29,731
8,939
15,872
4,920
1,675
1,675
-
-
Additions
At 31 August 2024
4,920
15,872
10,614
31,406
Provision for depreciation and impairment
At 01 September 2023
19,991
5,219
14,772
-
Charge for year
1,414
1,139
275
-
At 31 August 2024
21,405
6,358
15,047
-
At 31 August 2024
Net book value
4,920
825
4,256
10,001
At 31 August 2023
4,920
1,100
3,720
9,740
3. Trade and other receivables
2023
2024
£
£
Trade debtors
5,950
5,100
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
13,223
11,534
Other creditors
1,089
511
14,312
12,045
5. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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