REGISTERED NUMBER: 06077443 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Hightower I.T. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Mikkelson

J Mikkelson

REGISTERED OFFICE:

7th Floor-East (Programme)

All Sainsts Street

Bristol

BS1 2LZ

REGISTERED NUMBER:

06077443 (England and Wales)

ACCOUNTANTS:

Obsidian Accountancy Limited

Suite 9 Corum Two

Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

FIXED ASSETS

Tangible assets

4

14,465

23,791

CURRENT ASSETS

Debtors

5

495,679

289,638

Cash at bank

459,850

367,303

955,529

656,941

CREDITORS

Amounts falling due within one year

6

255,892

167,442

NET CURRENT ASSETS

699,637

489,499

TOTAL ASSETS LESS CURRENT LIABILITIES

714,102

513,290

CREDITORS

Amounts falling due after more than one year

7

4,013

14,013

NET ASSETS

710,089

499,277

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

710,087

499,275

SHAREHOLDERS' FUNDS

710,089

499,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by:

J Mikkelson - Director

M Mikkelson - Director

1.	STATUTORY INFORMATION

Hightower I.T. 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.

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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

50,308

Additions

1,962

At 28 February 2025

52,270

DEPRECIATION

At 1 March 2024

26,517

Charge for year

11,288

At 28 February 2025

37,805

NET BOOK VALUE

At 28 February 2025

14,465

At 29 February 2024

23,791

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

141,698

1,853

Other debtors

353,981

287,785

495,679

289,638

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

8,487

8,487

Trade creditors

6,876

27,204

Taxation and social security

237,233

129,999

Other creditors

3,296

1,752

255,892

167,442

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

4,013

14,013

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

2

Ordinary

£1

2

2

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25

29.2.24

£

£

J Mikkelson

Balance outstanding at start of year

111,503

111,395

Amounts advanced

176,134

112,108

Amounts repaid

(92,570

)

(112,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

195,067

111,503

M Mikkelson

Balance outstanding at start of year

82,471

84,858

Amounts advanced

159,785

82,613

Amounts repaid

(82,570

)

(85,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

159,686

82,471

Interest of £5,414 (2024 £2,850 ) was charged on the loans during the period.