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REGISTERED NUMBER: 03950064 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

High-Tech Services Ltd

High-Tech Services Ltd (Registered number: 03950064)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


High-Tech Services Ltd

COMPANY INFORMATION
for the year ended 30 September 2024







Directors: P Grills
G Quigley





Secretary: P Grills





Registered office: Building N221
HM Naval Base
Devonport
Plymouth
PL1 4SG





Registered number: 03950064 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

High-Tech Services Ltd (Registered number: 03950064)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 - -

Current assets
Stocks 22,894 51,047
Debtors 5 331,837 186,610
Cash at bank 32,438 53,570
387,169 291,227
Creditors
Amounts falling due within one year 6 314,555 152,969
Net current assets 72,614 138,258
Total assets less current liabilities 72,614 138,258

Capital and reserves
Called up share capital 7 4 4
Retained earnings 72,610 138,254
Shareholders' funds 72,614 138,258

High-Tech Services Ltd (Registered number: 03950064)

BALANCE SHEET - continued
30 September 2024


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 directors acknowledge their 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:





G Quigley - Director


High-Tech Services Ltd (Registered number: 03950064)

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

1. STATUTORY INFORMATION

High-Tech Services Ltd 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.

Turnover
Turnover represents amounts receivable in respect of the full value of professional appraisal services, net of value added tax and adjusted for opening and closing work in progress. Turnover is recognised at full sales value according to the progress of the company's contracts.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

High-Tech Services Ltd (Registered number: 03950064)

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

2. ACCOUNTING POLICIES - continued

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS

The company has no fixed assets.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 290,683 146,456
Directors' loan accounts 41,154 40,154
331,837 186,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation Tax 64,169 50,000
Social security and other taxes 4,438 5,259
VAT 78,042 34,430
Other creditors and accruals 167,906 63,280
314,555 152,969

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2
1 Ordinary A shares £1 1 1
1 Ordinary B shares £1 1 1
4 4

The ordinary A and ordinary B shares carry no rights to vote; and no right to participate in a distribution arising from a winding up. They are entitled to a dividend declared at the discretion of the directors.

High-Tech Services Ltd (Registered number: 03950064)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
G Quigley
Balance outstanding at start of year (18,264 ) (26,264 )
Amounts advanced 115,000 80,000
Amounts repaid (115,500 ) (72,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,764 ) (18,264 )

P Grills
Balance outstanding at start of year (21,890 ) (29,890 )
Amounts advanced 115,000 80,000
Amounts repaid (115,500 ) (72,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (22,390 ) (21,890 )

The maximum amounts overdrawn in the year were £22,390 for P Grills and £18,764 for G Quigley. No interest is charged on overdrawn amounts.

9. RELATED PARTY TRANSACTIONS

At the balance sheet date, the following was owed to /(by) related parties:

P J Grills ( £22,390 )
G P Quigley ( £18,764 )


10. ULTIMATE CONTROLLING PARTY

The company was ultimately controlled by P J Grills and G P Quigley the directors of the company.