Hyperion Tiles Ltd - Filleted accounts

Hyperion Tiles Ltd
Registered number:		07722634
Statement of Financial Position
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		25,555			18,182
Tangible assets	4		26,037			34,657
			51,592			52,839

Current assets
Stocks		5,500			5,500
Debtors	5	163,971			112,373
Cash at bank and in hand		44,388			35,619
		213,859			153,492

Creditors: amounts falling due within one year	6	(272,668)			(232,811)

Net current liabilities			(58,809)			(79,319)

Total assets less current liabilities			(7,217)			(26,480)

Creditors: amounts falling due after more than one year	7		-			(9,555)

Provisions for liabilities			(3,371)			(4,589)


Net liabilities			(10,588)			(40,624)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(10,688)			(40,724)

Shareholder's funds			(10,588)			(40,624)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



R Skeoch
Director
Approved by the board on 29 April 2026

Hyperion Tiles Ltd
Notes to the Accounts
for the year ended 31 July 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Going concern
	The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The director considers the company to be a going concern, notwithstanding that there are losses of £10,688. They have reviewed the potential future of the company and consider that it will continue to trade profitably for the foreseeable future.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements			over 10 years straight line
	Plant and machinery			25% reducing balance

	Inventories
	Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Employees and directors					2025		2024
Number							Number

	Average number of directors and persons employed by the company					5		5


3	Intangible fixed assets							£
	Website:

	Cost
	At 1 August 2024							24,824
	Additions							10,951
	At 31 July 2025							35,775

	Amortisation
	At 1 August 2024							6,642
	Provided during the year							3,578
	At 31 July 2025							10,220

	Net book value
	At 31 July 2025							25,555
	At 31 July 2024							18,182

	Website is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
				Land and buildings		Plant and machinery etc		Total
£					£		£
	Cost
	At 1 August 2024			17,503		33,415		50,918
	Disposals			-		(2,073)		(2,073)
	At 31 July 2025			17,503		31,342		48,845

	Depreciation
	At 1 August 2024			7,001		9,261		16,262
	Charge for the year			1,750		5,761		7,511
	On disposals			-		(965)		(965)
	At 31 July 2025			8,751		14,057		22,808

	Net book value
	At 31 July 2025			8,752		17,285		26,037
	At 31 July 2024			10,502		24,154		34,656

5	Debtors					2025		2024
£							£

	Trade debtors					-		2,071
	Other debtors					163,971		110,302
						163,971		112,373

6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					77,132		110,507
	Trade creditors					101,691		97,884
	Accruals					2,435		2,533
	Corporation tax					10,441		-
	Other taxes and social security costs					56,572		3,346
	Other creditors					24,397		18,541
						272,668		232,811

7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		9,555

8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	R Skeoch
	Repayable on demand	81,330		42,247		-		123,577

		81,330		42,247		-		123,577


9	Other information

	Hyperion Tiles Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	269 Farnborough Road
	Farnborough
	Hampshire
	GU14 7LY