HEX8 AUTOMOTIVE LIMITED


Director	LANE, Matthew James Stephen


Registered Address	Unit 27 Aztec Business Centre
	The Queensway
	Swansea
	SA5 4DJ


Registered Number	11786730 (England and Wales)

Statement of Financial Position
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		38,330		36,800
			38,330		36,800
Current assets
Debtors		3,736		775
Cash at bank and on hand		24,559		9,689
		28,295		10,464
Creditors amounts falling due within one year	4	(18,824)		(13,615)
Net current assets (liabilities)			9,471		(3,151)
Total assets less current liabilities			47,801		33,649
Creditors amounts falling due after one year	5		(1,998)		(3,579)
Net assets			45,803		30,070
Capital and reserves
Called up share capital			1		1
Profit and loss account			45,802		30,069
Shareholders' funds			45,803		30,070

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 28 October 2025, and are signed on its behalf by:

LANE, Matthew James Stephen
Director
Registered Company No. 11786730

HEX8 AUTOMOTIVE LIMITED

Notes to the Financial Statements
for the year ended 31 January 2025

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.

	Going concern
	The company continues to adopt the going concern basis in preparing its financial statements.

	Revenue from rendering of services
	Revenue 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.

	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.

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.

	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:


		Straight line (years)
	Plant and machinery	5
	Vehicles	5
	Office Equipment	3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 February 24	23,582	24,222	2,553	50,357
Additions	6,747	2,000	1,858	10,605
Disposals	-	-	(779)	(779)
At 31 January 25	30,329	26,222	3,632	60,183
Depreciation and impairment
At 01 February 24	12,236	404	917	13,557
Charge for year	3,072	4,844	971	8,887
On disposals	-	-	(591)	(591)
At 31 January 25	15,308	5,248	1,297	21,853
Net book value
At 31 January 25	15,021	20,974	2,335	38,330
At 31 January 24	11,346	23,818	1,636	36,800

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,180	-
Bank borrowings and overdrafts	1,844	2,108
Taxation and social security	2,532	-
Other creditors	11,468	10,355
Accrued liabilities and deferred income	1,800	1,152
Total	18,824	13,615


	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.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,998	3,579
Total	1,998	3,579

6.	Related party transactions
	Included in other debtors is figure of £2,596 (2024 - £nil) due from Automotiv3 Developments Ltd, a company under the control of the director. The balance arose from normal trading activities, is unsecured, interest free, and repayable on demand.