IRIS Accounts Production v25.1.3.33 04564542 director 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045645422023-09-30045645422024-09-30045645422023-10-012024-09-30045645422022-09-30045645422022-10-012023-09-30045645422023-09-3004564542ns15:EnglandWales2023-10-012024-09-3004564542ns14:PoundSterling2023-10-012024-09-3004564542ns10:Director12023-10-012024-09-3004564542ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3004564542ns10:SmallEntities2023-10-012024-09-3004564542ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3004564542ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3004564542ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3004564542ns10:AbridgedAccounts2023-10-012024-09-3004564542ns10:RegisteredOffice2023-10-012024-09-3004564542ns5:CurrentFinancialInstruments2024-09-3004564542ns5:CurrentFinancialInstruments2023-09-3004564542ns5:Non-currentFinancialInstruments2024-09-3004564542ns5:Non-currentFinancialInstruments2023-09-3004564542ns5:ShareCapital2024-09-3004564542ns5:ShareCapital2023-09-3004564542ns5:RetainedEarningsAccumulatedLosses2024-09-3004564542ns5:RetainedEarningsAccumulatedLosses2023-09-3004564542ns5:LeaseholdImprovements2023-10-012024-09-3004564542ns5:PlantMachinery2023-10-012024-09-3004564542ns5:FurnitureFittings2023-10-012024-09-3004564542ns5:MotorVehicles2023-10-012024-09-3004564542ns5:ComputerEquipment2023-10-012024-09-30
REGISTERED NUMBER: 04564542 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

HI Q FABRICATIONS LIMITED

HI Q FABRICATIONS LIMITED (REGISTERED NUMBER: 04564542)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HI Q FABRICATIONS LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTOR: M Rodgers





REGISTERED OFFICE: Clarence Street
Golborne
Warrington
WA3 3RR





REGISTERED NUMBER: 04564542 (England and Wales)





ACCOUNTANTS: Hayes & Co
Chartered Accountants
Suite 2 Beswick House
Greenfold Way
Leigh
Lancashire
WN7 3XJ

HI Q FABRICATIONS LIMITED (REGISTERED NUMBER: 04564542)

ABRIDGED BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 78,807 94,340

CURRENT ASSETS
Stocks 2,800 2,800
Debtors 20,052 24,916
Cash at bank and in hand 70,531 55,995
93,383 83,711
CREDITORS
Amounts falling due within one year 43,254 45,667
NET CURRENT ASSETS 50,129 38,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,936

132,384

CREDITORS
Amounts falling due after more than one
year

(7,837

)

(17,076

)

PROVISIONS FOR LIABILITIES (10,136 ) (15,647 )
NET ASSETS 110,963 99,661

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 110,923 99,621
SHAREHOLDERS' FUNDS 110,963 99,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

HI Q FABRICATIONS LIMITED (REGISTERED NUMBER: 04564542)

ABRIDGED BALANCE SHEET - continued
30 September 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 May 2025 and were signed by:





M Rodgers - Director


HI Q FABRICATIONS LIMITED (REGISTERED NUMBER: 04564542)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Hi Q Fabrications 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.

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 principle accounting policies adopted are set out below.

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.
Improvements to lease property - 10 years straight line
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks 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.

HI Q FABRICATIONS LIMITED (REGISTERED NUMBER: 04564542)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 431,824
Additions 6,478
Disposals (5,000 )
At 30 September 2024 433,302
DEPRECIATION
At 1 October 2023 337,484
Charge for year 22,011
Eliminated on disposal (5,000 )
At 30 September 2024 354,495
NET BOOK VALUE
At 30 September 2024 78,807
At 30 September 2023 94,340