Hytip (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07868345 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HYTIP (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M S Hall

REGISTERED OFFICE:

50 Whitsundale

Westhoughton

Bolton

Lancashire

BL5 3LQ

REGISTERED NUMBER:

07868345 (England and Wales)

ACCOUNTANTS:

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

20,163

29,569

20,163

29,569

CURRENT ASSETS

Stocks

9,760

Debtors

6

59,934

71,213

Cash at bank

14,009

6,467

83,703

87,440

CREDITORS

Amounts falling due within one year

7

44,327

63,633

NET CURRENT ASSETS

39,376

23,807

TOTAL ASSETS LESS CURRENT
LIABILITIES

59,539

53,376

PROVISIONS FOR LIABILITIES

1,279

2,720

NET ASSETS

58,260

50,656

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

58,160

50,556

SHAREHOLDERS' FUNDS

58,260

50,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2025 and were signed by:

M S Hall - Director

1.	STATUTORY INFORMATION

Hytip (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

45,000

AMORTISATION

At 1 January 2024

and 31 December 2024

45,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2024

12,996

2,867

50,028

65,891

Additions

-

1,693

-

1,693

Disposals

-

(17,646

)

(17,646

)

At 31 December 2024

12,996

4,560

32,382

49,938

DEPRECIATION

At 1 January 2024

8,301

1,399

26,622

36,322

Charge for year

939

632

3,470

5,041

Eliminated on disposal

-

(11,588

)

(11,588

)

At 31 December 2024

9,240

2,031

18,504

29,775

NET BOOK VALUE

At 31 December 2024

3,756

2,529

13,878

20,163

At 31 December 2023

4,695

1,468

23,406

29,569

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

59,934

71,017

Social security and other

taxes

-

196

59,934

71,213

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Hire purchase contracts

-

24,719

Trade creditors

16,964

23,876

Tax

2,149

-

Social security and other taxes

268

-

VAT

11,260

9,669

Directors current account

13,486

5,169

Accrued expenses

200

44,327

63,633

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M S Hall.