HYT 88 Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10931046 (England and Wales)

Financial Statements

for the Year Ended 31 August 2025

for

HYT 88 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H Y Tong

REGISTERED OFFICE:

30 Bridge Street Seaton Burn

Newcastle Upon Tyne

Tyne and Wear

NE13 6EN

REGISTERED NUMBER:

10931046 (England and Wales)

Fixed assets

Tangible assets

4

2,566

3,063

Current assets

Stocks

545

595

Debtors

5

-

3,543

Cash at bank and in hand

20,929

13,301

21,474

17,439

Creditors

Amounts falling due within one year

6

(32,449

)

(27,705

)

Net current liabilities

(10,975

)

(10,266

)

Total assets less current liabilities

(8,409

)

(7,203

)

Creditors

Amounts falling due after more than one year

7

-

(10,856

)

Net liabilities

(8,409

)

(18,059

)

Capital and reserves

Called up share capital

10

Retained earnings

9

(8,419

)

(18,069

)

(8,409

)

(18,059

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 11 May 2026 and were signed by:

H Y Tong - Director

1.	STATUTORY INFORMATION

HYT 88 Ltd 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.

TURNOVER

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

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

33% 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 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 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.

HIRE PURCHASE AND LEASING COMMITMENTS

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.

GOING CONCERN

The financial statements have been prepared on a going concern basis, the director believe this assumption to be appropriate based on the continuing financial support of the company's director.

If the going concern basis was not appropriate, adjustments would have to be made to restate the value of the assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 September 2024

and 31 August 2025

2,638

743

465

3,846

DEPRECIATION

At 1 September 2024

726

6

51

783

Charge for year

287

74

136

497

At 31 August 2025

1,013

80

187

1,280

NET BOOK VALUE

At 31 August 2025

1,625

663

278

2,566

At 31 August 2024

1,912

737

414

3,063

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

-

618

Directors' current accounts

-

2,925

-

3,543

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 8)

16,763

10,000

Trade creditors

2,092

4,152

Pension

935

(59

)

Social security and other tax

1

1,130

VAT

12,658

12,482

32,449

27,705

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR

2025

2024

£

Bank loans (see note 8)

-

10,856

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank loans

16,763

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

10,856

9.

RESERVES

Retained

earnings

£

At 1 September 2024

(18,069

)

Profit for the year

11,250

Dividends

(1,600

)

At 31 August 2025

(8,419

)

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

£1,600 dividend were paid to the director throughout the year ended 31st August 2025 (£Nil - 2024). The director owed the Company £Nil as at 31st August 2025.(The director owed the Company £2,925 as at 31st August 2024).