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HANTEC SYSTEMS LIMITED

Registered Number
04275458
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

HANTEC SYSTEMS LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

WALLIS, Jane Maria
WALLIS, Paul David

Registered Address

Three Ways Chapel Road
Swanmore
Southampton
SO32 2QA

Registered Number

04275458 (England and Wales)
HANTEC SYSTEMS LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets319,20028,400
Tangible assets42,8453,793
22,04532,193
Current assets
Debtors5114,994100,912
Cash at bank and on hand2,7102,484
117,704103,396
Creditors amounts falling due within one year6(76,372)(134,220)
Net current assets (liabilities)41,332(30,824)
Total assets less current liabilities63,3771,369
Creditors amounts falling due after one year7(33,031)-
Provisions for liabilities8(711)(948)
Net assets29,635421
Capital and reserves
Called up share capital44
Profit and loss account29,631417
Shareholders' funds29,635421
The financial statements were approved and authorised for issue by the Board of Directors on 19 June 2025, and are signed on its behalf by:
WALLIS, Jane Maria
Director
WALLIS, Paul David
Director

Registered Company No. 04275458
HANTEC SYSTEMS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year55
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 January 2492,00092,000
At 31 December 2492,00092,000
Amortisation and impairment
At 01 January 2463,60063,600
Charge for year9,2009,200
At 31 December 2472,80072,800
Net book value
At 31 December 2419,20019,200
At 31 December 2328,40028,400
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 2411,51411,514
At 31 December 2411,51411,514
Depreciation and impairment
At 01 January 247,7217,721
Charge for year948948
At 31 December 248,6698,669
Net book value
At 31 December 242,8452,845
At 31 December 233,7933,793
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables7243,502
Other debtors114,27097,410
Total114,994100,912
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,89845,384
Bank borrowings and overdrafts15,59061,665
Taxation and social security58,84525,733
Other creditors391,438
Total76,372134,220
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.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts33,031-
Total33,031-
8.Provisions for liabilities

2024

2023

££
Other provisions711948
Total711948
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
WALLIS, Paul David41,77485,42346,73380,464
DLA Debit balance
41,77485,42346,73380,464