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Company No: 10588150 (England and Wales)

# HI-TECH RESOURCING LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

HI-TECH RESOURCING LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

HI-TECH RESOURCING LIMITED

## BALANCE SHEET

As at 30 June 2025
HI-TECH RESOURCING LIMITED

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 9,364 |  | 13,360
Tangible assets | 4 | 752,482 |  | 419,329
|  | 761,846 |  | 432,689
Current assets |  |  |  |
Stocks |  | 1,646,205 |  | 1,592,212
Debtors | 5 | 2,175,695 |  | 2,071,188
Cash at bank and in hand |  | 0 |  | 4,179
|  | 3,821,900 |  | 3,667,579
Creditors: amounts falling due within one year | 6 | ( 3,831,368) |  | ( 3,237,919)
Net current (liabilities)/assets |  | (9,468) |  | 429,660
Total assets less current liabilities |  | 752,378 |  | 862,349
Creditors: amounts falling due after more than one year | 7 | ( 193,102) |  | ( 487,004)
Provision for liabilities | 8 | ( 50,938) |  | ( 29,025)
Net assets |  | 508,338 |  | 346,320
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 508,238 |  | 346,220
Total shareholders' funds |  | 508,338 |  | 346,320

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Hi-Tech Resourcing Limited (registered number: 10588150) were approved and authorised for issue by the Board of Directors on 19 January 2026. They were signed on its behalf by:

I C Gorman Director |  | D K Clark Director

HI-TECH RESOURCING LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
HI-TECH RESOURCING LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Hi-Tech Resourcing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit G Pymore Mills, Pymore, Bridport, DT6 5PJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £9,468. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

###### Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 5 - 10 years straight line
Plant and machinery | 1 - 10 years straight line
Vehicles | 5 - 6 years straight line
Fixtures and fittings | 2 - 10 years straight line
Office equipment | 2 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials and direct labour. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 40 |  | 35

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 40,000 |  | 40,000
| 0 |  | 0
At 30 June 2025 | 40,000 |  | 40,000
Accumulated amortisation |  |  |
At 01 July 2024 | 26,640 |  | 26,640
Charge for the financial year | 3,996 |  | 3,996
At 30 June 2025 | 30,636 |  | 30,636
Net book value |  |  |
At 30 June 2025 | 9,364 |  | 9,364
At 30 June 2024 | 13,360 |  | 13,360

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 July 2024 | 77,475 |  | 394,760 |  | 58,790 |  | 27,499 |  | 38,937 |  | 597,461
Additions | 898 |  | 328,404 |  | 73,827 |  | 1,608 |  | 5,201 |  | 409,938
At 30 June 2025 | 78,373 |  | 723,164 |  | 132,617 |  | 29,107 |  | 44,138 |  | 1,007,399
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 July 2024 | 20,636 |  | 90,961 |  | 3,264 |  | 27,248 |  | 36,023 |  | 178,132
Charge for the financial year | 14,575 |  | 44,345 |  | 14,709 |  | 328 |  | 2,828 |  | 76,785
At 30 June 2025 | 35,211 |  | 135,306 |  | 17,973 |  | 27,576 |  | 38,851 |  | 254,917
Net book value |  |  |  |  |  |  |  |  |  |  |
At 30 June 2025 | 43,162 |  | 587,858 |  | 114,644 |  | 1,531 |  | 5,287 |  | 752,482
At 30 June 2024 | 56,839 |  | 303,799 |  | 55,526 |  | 251 |  | 2,914 |  | 419,329

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 1,540,744 |  | 1,381,089
Amounts owed by directors | 116,534 |  | 115,731
Prepayments and accrued income | 351,227 |  | 368,614
Corporation tax | 50,402 |  | 75,000
Other debtors | 116,788 |  | 130,754
| 2,175,695 |  | 2,071,188

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank overdrafts | 409 |  | 0
Trade creditors | 2,404,806 |  | 1,836,789
Amounts owed to connected companies | 80,623 |  | 64,456
Other loans (secured £ 1,151,149) | 1,166,858 |  | 1,188,810
Accruals | 6,300 |  | 16,845
Other taxation and social security | 59,883 |  | 37,793
Obligations under finance leases and hire purchase contracts (secured) | 64,552 |  | 40,504
Other creditors | 47,937 |  | 52,722
| 3,831,368 |  | 3,237,919

Included in other loans is £1,151,149 (2024: £1,176,071) of an invoice financing facility which is secured by a fixed and floating charge over the undertaking and all property of the company.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to connected companies | 117,614 |  | 405,185
Obligations under finance leases and hire purchase contracts (secured) | 75,488 |  | 74,715
Other creditors | 0 |  | 7,104
| 193,102 |  | 487,004

Obligations under finance leases and hire purchase contracts are secured against the assets concerned, which are included within tangible fixed assets. At the balance sheet date the assets concerned had a combined net book value of £191,188 (2024: £141,782).

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 2025 |  | 2024
| £ |  | £
Amounts owed to connected companies | 0 |  | 106,609

#### 8. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 50,938 |  | 29,025

#### 9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 139,104 |  | 179,466
between one and five years | 104,311 |  | 243,415
Total future minimum lease payments under non-cancellable operating leases | 243,415 |  | 422,881

The commitment shown above is in relation to non-cancellable operating leases over business vehicles and plant and machinery.

#### 10. Related party transactions

Transactions with owners holding a participating interest in the entity

Included within creditors is £198,237 (2024: £469,641) due to a connected company controlled by an owner holding a participating interest in Hi-Tech Resourcing Limited. Of this £80,623 (2024: £64,456) is shown within other loans due within one year and £117,614 (2024: £405,185) is shown within other creditors due after more than one year.
In addition, there is an amount in trade creditors of £1,862,445 (2024: £1,346,749) due to the same connected company in respect of transactions incurred through normal trading activities.

Transactions with the entity's directors

Advances

The directors loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.
At 1 July 2024, the balance owed from the directors was £115,731. During the year, the company made advances to directors amounting to £100,803 and received repayments of £100,000 leaving a balance due from the directors of £116,534.
At 1 July 2023, the balance owed from the directors was £10,000. During the year, the company made advances to directors amounting to £125,731 and received repayments of £20,000 leaving a balance due from the directors of £115,731.