REGISTERED NUMBER: 08210759 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

HYLEC ENCLOSURES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P T Cinnamon

REGISTERED OFFICE:

5 Everitt Close

Denington Industrial Estate

Wellingborough

NN8 2QE

REGISTERED NUMBER:

08210759 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Intangible assets

4

-

136,640

Tangible assets

5

-

70,042

-

206,682

CURRENT ASSETS

Stocks

-

80,446

Debtors

6

69,887

46,929

Cash at bank

-

72,460

69,887

199,835

CREDITORS

Amounts falling due within one year

7

19,887

260,338

NET CURRENT ASSETS/(LIABILITIES)

50,000

(60,503

)

TOTAL ASSETS LESS CURRENT LIABILITIES

50,000

146,179

PROVISIONS FOR LIABILITIES

-

51,700

NET ASSETS

50,000

94,479

RESERVES

Capital and reserves

50,000

94,479

SHAREHOLDERS' FUNDS

50,000

94,479

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2026 and were signed by:

Mr P T Cinnamon - Director

1.	STATUTORY INFORMATION

Hylec Enclosures 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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

15% on reducing balance

STOCKS

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

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

195,200

Disposals

(195,200

)

At 31 July 2025

-

AMORTISATION

At 1 August 2024

58,560

Charge for year

4,067

Eliminated on disposal

(62,627

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

136,640

During the year, the company transferred Goodwill to Hylec-APL Limited, a fellow subsidiary company. The transfer was made at net book value £132,573.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 August 2024

178,252

Additions

5,953

Disposals

(184,205

)

At 31 July 2025

-

DEPRECIATION

At 1 August 2024

108,210

Charge for year

4,749

Eliminated on disposal

(112,959

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

70,042

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

46,929

Amounts owed by group undertakings

69,887

-

69,887

46,929

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

33,389

Amounts owed to group undertakings

-

202,142

Taxation and social security

19,887

7,536

Other creditors

-

17,271

19,887

260,338

8.	RELATED PARTY DISCLOSURES

Included in debtors falling due within one year, is an amount of £69,887 due from the parent company, (2024: £202,142 due to the parent company), Hylec Holdings Limited.The loans are interest free.