REGISTERED NUMBER: 04075999 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

GARY IAN HIGNETT LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

305

458

Tangible assets

5

380,941

431,013

381,246

431,471

CURRENT ASSETS

Debtors

6

206,463

199,520

CREDITORS

Amounts falling due within one year

7

(165,546

)

(173,594

)

NET CURRENT ASSETS

40,917

25,926

TOTAL ASSETS LESS CURRENT LIABILITIES

422,163

457,397

CREDITORS

Amounts falling due after more than one year

8

(80,892

)

(108,058

)

PROVISIONS FOR LIABILITIES

(61,938

)

(57,919

)

NET ASSETS

279,333

291,420

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

279,329

291,416

279,333

291,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 January 2026 and were signed by:

G Hignett - Director

1.	STATUTORY INFORMATION

Gary Ian Hignett Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04075999

Registered office:

5 Brooklands Place

Brooklands Road

Sale

Manchester

M33 3SD

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

10% straight line

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2024

and 30 April 2025

763

AMORTISATION

At 1 May 2024

305

Charge for year

153

At 30 April 2025

458

NET BOOK VALUE

At 30 April 2025

305

At 30 April 2024

458

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 May 2024

491,681

87,951

825,377

1,405,009

Additions

7,499

8,370

105,375

121,244

Disposals

-

-

(149,625

)

(149,625

)

At 30 April 2025

499,180

96,321

781,127

1,376,628

DEPRECIATION

At 1 May 2024

333,555

50,119

590,322

973,996

Charge for year

35,149

14,586

57,480

107,215

Eliminated on disposal

-

-

(85,524

)

(85,524

)

At 30 April 2025

368,704

64,705

562,278

995,687

NET BOOK VALUE

At 30 April 2025

130,476

31,616

218,849

380,941

At 30 April 2024

158,126

37,832

235,055

431,013

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 May 2024

86,985

Disposals

(86,985

)

At 30 April 2025

-

DEPRECIATION

At 1 May 2024

18,122

Charge for year

5,738

Eliminated on disposal

(23,860

)

At 30 April 2025

-

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

68,863

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

170,844

160,506

Other debtors

35,619

39,014

206,463

199,520

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

23,393

39,709

Hire purchase contracts

18,481

19,246

Trade creditors

14,354

26,411

Taxation and social security

60,048

59,580

Other creditors

49,270

28,648

165,546

173,594

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

41,264

43,304

Other creditors

39,628

64,754

80,892

108,058

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

65,001

-

The loan is secured by a fixed charge over the company's debtors.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date £65,001 (2024: £87,882) was owing to a pension fund with trustees whom have significant control.