REGISTERED NUMBER: 02088206 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HI-TEC SPRAY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

S M Cooper

D Cooper

SECRETARY:

C W Cooper

REGISTERED OFFICE:

Unit 14 Heronden Road

Parkwood Industrial Estate

Maidstone

Kent

ME15 9YR

REGISTERED NUMBER:

02088206 (England and Wales)

ACCOUNTANTS:

BSR Bespoke Chartered Accountants

Linden House

Linden Close

Tunbridge Wells

Kent

TN4 8HH

FIXED ASSETS

Intangible assets

4

77,594

89,381

Tangible assets

5

293,585

342,266

Investments

6

2

3

371,181

431,650

CURRENT ASSETS

Stocks

782,597

818,644

Debtors

7

850,536

1,031,269

Cash at bank and in hand

538,567

46,894

2,171,700

1,896,807

CREDITORS

Amounts falling due within one year

8

1,557,801

1,415,445

NET CURRENT ASSETS

613,899

481,362

TOTAL ASSETS LESS CURRENT LIABILITIES

985,080

913,012

PROVISIONS FOR LIABILITIES

31,432

-

NET ASSETS

953,648

913,012

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

11

105,123

165,353

Retained earnings

848,425

747,559

SHAREHOLDERS' FUNDS

953,648

913,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 December 2025 and were signed on its behalf by:

S M Cooper - Director

D Cooper - Director

1.	STATUTORY INFORMATION

Hi-Tec Spray 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 as modified by the revaluation of certain assets.

Turnover

Revenue is recognised when it is probable that future economic benefits will flow to the company from the provision of contracts for the sale of goods and is measured as the fair value of consideration which the company expects to receive from those transactions. Revenue is recognised as control of the goods is passed over to the customer. Where the normal criteria for the recognition of revenue are not met or are varied, then revenue is recognised at the point when control has passed to the customer which could be when legal title has passed to the customer or when the business has a right to payment such as on delivery or when cash payment has been made to the company. Revenue is recognised net of returns and of trade discounts and is shown exclusive of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten 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.

Short leasehold

-

in accordance with the lease term

Fixtures and fittings

-

25% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

The leasehold property is carried at fair value. All other items of tangible fixed assets are carried at cost less accumulated depreciation.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company enters into basic financial instruments that give rise to financial assets and financial liabilities including trade and other debtors, trade and other creditors, bank account balances, bank loans and other loans and borrowings and investments in certain non puttable and non convertible equity instruments.

Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest. Debt instruments which are treated as financial assets and accounted for at amortised cost are also assessed for impairment.

Equity instruments are initially accounted for at transaction price. They are subsequently accounted for at cost unless they can be accounted for at fair value based on a readily available market price or fair value. Equity instruments which are treated as financial assets and accounted for at cost are also assessed for impairment.

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.

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 26 (2024 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

117,865

AMORTISATION

At 1 April 2024

28,484

Charge for year

11,787

At 31 March 2025

40,271

NET BOOK VALUE

At 31 March 2025

77,594

At 31 March 2024

89,381

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

196,500

183,203

145,604

525,307

DEPRECIATION

At 1 April 2024

20,472

146,803

15,766

183,041

Charge for year

3,412

12,675

32,594

48,681

At 31 March 2025

23,884

159,478

48,360

231,722

NET BOOK VALUE

At 31 March 2025

172,616

23,725

97,244

293,585

At 31 March 2024

176,028

36,400

129,838

342,266

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

Valuation in 2004

73,022

-

-

73,022

Valuation in 2007

68,599

-

-

68,599

Valuation in 2017

(45,000

)

-

-

(45,000

)

Valuation in 2018

16,500

-

-

16,500

Cost

83,379

183,203

145,604

412,186

196,500

183,203

145,604

525,307

If the leasehold property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

83,379

83,379

Aggregate depreciation

41,268

27,072

Leasehold property was valued on an open market basis on 31 March 2025 by the directors .

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

3

Disposals

(1

)

At 31 March 2025

2

NET BOOK VALUE

At 31 March 2025

2

At 31 March 2024

3

7.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

508,236

575,050

Other debtors

332,823

446,742

841,059

1,021,792

Amounts falling due after more than one year:

Other debtors

9,477

9,477

Aggregate amounts

850,536

1,031,269

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,221,323

1,228,193

Amounts owed to group undertakings

-

1

Taxation and social security

165,339

110,316

Other creditors

171,139

76,935

1,557,801

1,415,445

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

66,485

63,018

Between one and five years

166,723

141,916

In more than five years

638,167

652,167

871,375

857,101

10.	SECURED DEBTS

Creditors are secured by a fixed and floating charge over the company's assets.

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

165,353

Revaluation

(60,230

)

At 31 March 2025

105,123

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hi-Tec Spray Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hi-Tec Spray Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hi-Tec Spray Limited and state those matters that we have agreed to state to the Board of Directors of Hi-Tec Spray Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hi-Tec Spray Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hi-Tec Spray Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hi-Tec Spray Limited. You consider that Hi-Tec Spray Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hi-Tec Spray Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BSR Bespoke Chartered Accountants

Linden House

Linden Close

Tunbridge Wells

Kent

TN4 8HH

12 December 2025