Registered number
04604710
HTS Direct Limited
Unaudited Filleted Accounts
31 December 2024
HTS Direct Limited
Registered number: 04604710
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 953
Tangible assets 4 112,442 65,143
Investments 5 70,000 70,000
182,442 136,096
Current assets
Stocks 99,500 65,500
Debtors 6 205,212 154,632
Cash at bank and in hand 173,580 48,731
478,292 268,863
Creditors: amounts falling due within one year 7 (463,987) (197,203)
Net current assets 14,305 71,660
Total assets less current liabilities 196,747 207,756
Creditors: amounts falling due after more than one year 8 (11,663) (34,883)
Net assets 185,084 172,873
Capital and reserves
Called up share capital 200 200
Profit and loss account 184,884 172,673
Shareholders' funds 185,084 172,873
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Koch
Director
Approved by the board on 4 September 2025
HTS Direct Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
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
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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 6,749
At 31 December 2024 6,749
Amortisation
At 1 January 2024 5,796
Provided during the year 953
At 31 December 2024 6,749
Net book value
At 31 December 2024 -
At 31 December 2023 953
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 74,870 27,963 - 102,833
Additions 12,248 12,790 26,380 51,418
At 31 December 2024 87,118 40,753 26,380 154,251
Depreciation
At 1 January 2024 20,160 17,530 - 37,690
Charge for the year 1,960 1,159 1,000 4,119
At 31 December 2024 22,120 18,689 1,000 41,809
Net book value
At 31 December 2024 64,998 22,064 25,380 112,442
At 31 December 2023 54,710 10,433 - 65,143
5 Investments
Other
investments
£
Cost
At 1 January 2024 70,000
At 31 December 2024 70,000
The commercial building is stated at its open market value.
6 Debtors 2024 2023
£ £
Trade debtors 189,682 148,202
Other debtors 15,530 6,430
205,212 154,632
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,264 10,074
Trade creditors 241,567 51,858
Taxation and social security costs 192,738 115,521
Other creditors 19,418 19,750
463,987 197,203
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,146 18,988
Other creditors 2,517 15,895
11,663 34,883
9 Other information
HTS Direct Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 18 Emerald Way
Stone Business Park
Stone
Staffordshire
ST15 0SR
HTS Direct Limited 04604710 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 M Koch No description of principal activity 04604710 2023-01-01 2023-12-31 04604710 core:WithinOneYear 2023-12-31 04604710 core:AfterOneYear 2023-12-31 04604710 core:ShareCapital 2023-12-31 04604710 core:RetainedEarningsAccumulatedLosses 2023-12-31 04604710 2024-01-01 2024-12-31 04604710 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04604710 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04604710 bus:Director40 2024-01-01 2024-12-31 04604710 1 2024-01-01 2024-12-31 04604710 2 2024-01-01 2024-12-31 04604710 core:Goodwill 2024-01-01 2024-12-31 04604710 core:LandBuildings 2024-01-01 2024-12-31 04604710 core:PlantMachinery 2024-01-01 2024-12-31 04604710 core:Vehicles 2024-01-01 2024-12-31 04604710 countries:England 2024-01-01 2024-12-31 04604710 bus:FRS102 2024-01-01 2024-12-31 04604710 bus:FilletedAccounts 2024-01-01 2024-12-31 04604710 2024-12-31 04604710 core:WithinOneYear 2024-12-31 04604710 core:AfterOneYear 2024-12-31 04604710 core:ShareCapital 2024-12-31 04604710 core:RetainedEarningsAccumulatedLosses 2024-12-31 04604710 core:Goodwill 2024-12-31 04604710 core:LandBuildings 2024-12-31 04604710 core:PlantMachinery 2024-12-31 04604710 core:Vehicles 2024-12-31 04604710 2023-12-31 04604710 core:Goodwill 2023-12-31 04604710 core:LandBuildings 2023-12-31 04604710 core:PlantMachinery 2023-12-31 04604710 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure