HI Tec Cathodic Protection Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 02547135

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		27,725		28,281

			27,725		28,281
CURRENT ASSETS
Stocks	5	1,500		11,250
Debtors	6	3,476		-
Cash at bank and in hand		2,468		9,966

		7,444		21,216
Creditors: Amounts Falling Due Within One Year	7	(132,510 )		(137,674 )

NET CURRENT ASSETS (LIABILITIES)			(125,066 )		(116,458 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(97,341 )		(88,177 )

NET LIABILITIES			(97,341 )		(88,177 )

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			(97,343 )		(88,179 )

SHAREHOLDERS' FUNDS			(97,341)		(88,177)

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HI Tec Cathodic Protection Limited

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A Beere

Director

25 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

HI Tec Cathodic Protection Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02547135 . The registered office is Unit 1 Meadow Street, Treforest, Mid Glamorgan, CF37 1UD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	20%
Plant & Machinery	20%
Motor Vehicles	20%

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 November 2023	74,803	67,064	12,080	153,947
Additions	-	-	6,000	6,000

As at 31 October 2024	74,803	67,064	18,080	159,947

...CONTINUED

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HI Tec Cathodic Protection Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

Depreciation
As at 1 November 2023	47,237	66,349	12,080	125,666
Provided during the period	5,513	143	900	6,556

As at 31 October 2024	52,750	66,492	12,980	132,222

Net Book Value
As at 31 October 2024	22,053	572	5,100	27,725

As at 1 November 2023	27,566	715	-	28,281

5. Stocks

	2024	2023
	£	£
Stock	1,500	11,250

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	3,476	-

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	(2 )
VAT	4,100	3,175
Accruals and deferred income	1,370	1,213
Directors' loan accounts	127,040	133,288

	132,510	137,674

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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