HIT Energy Services Limited - Filleted accounts

Registered number

11177355

HIT Energy Services Limited

Filleted Accounts

30 July 2025

HIT Energy Services Limited
Registered number:		11177355
Balance Sheet
as at 30 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		86,892			58,455
Investments	5		-			2
			86,892			58,457

Current assets
Stocks		44,645			51,895
Debtors	6	127,233			226,561
Cash at bank and in hand		11,640			28,169
		183,518			306,625

Creditors: amounts falling due within one year	7	(246,665)			(258,982)

Net current (liabilities)/assets			(63,147)			47,643

Total assets less current liabilities			23,745			106,100

Creditors: amounts falling due after more than one year	8		(80,842)			(76,909)



Net (liabilities)/assets			(57,097)			29,191

Capital and reserves
Called up share capital			100			100
Profit and loss account			(57,197)			29,091

Shareholders' funds			(57,097)			29,191

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 members have 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 and delivered 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.


Simon Hopkins
Director
Approved by the board on 6 May 2026

HIT Energy Services Limited
Notes to the Accounts
for the period from 1 August 2024 to 30 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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.

	Government grants
	Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

	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:

	Plant and machinery	25% - 33.33%
	Motor vehicles	33.33%

	Stocks
	Stocks 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 (which is usually the invoice 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 (which is usually the invoice 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 (ie liabilities of uncertain timing or amount) 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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			8		8


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 August 2024					30,000
	At 30 July 2025					30,000

	Amortisation
	At 1 August 2024					30,000
	At 30 July 2025					30,000

	Net book value
	At 30 July 2025					-

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


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 August 2024	40,373		100,397		140,770
	Additions	5,271		90,565		95,836
	Disposals	-		(13,600)		(13,600)
	At 30 July 2025	45,644		177,362		223,006

	Depreciation
	At 1 August 2024	28,049		54,266		82,315
	Charge for the period	6,439		56,054		62,493
	On disposals	-		(8,694)		(8,694)
	At 30 July 2025	34,488		101,626		136,114

	Net book value
	At 30 July 2025	11,156		75,736		86,892
	At 31 July 2024	12,324		46,131		58,455

5	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 August 2024					2
	Disposals					(2)

	At 30 July 2025					-


6	Debtors			2025		2024
£					£

	Trade debtors			63,598		196,990
	Other debtors			63,635		29,571
				127,233		226,561


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

	Other loans			19,572		24,088
	Bank loans and overdrafts			5,000		5,000
	Obligations under finance lease and hire purchase contracts			50,313		20,079
	Trade creditors			43,007		50,709
	Amounts owed to group undertakings			-		2
	Taxation and social security costs			104,439		148,297
	Other creditors			24,334		10,807
				246,665		258,982


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

	Bank loans			23,750		28,750
	Obligations under finance lease and hire purchase contracts			57,092		48,159
				80,842		76,909


9	Loans			2025		2024
£					£
	Creditors include:
	Instalments falling due for payment after more than five years			3,750		8,750


	Secured bank loans			28,750		33,750

	Bank loans represent a Bounce Back Loan facility of £50,000. This is a government backed facility and is interest bearing at a rate of 2.5%. The loan was subject to a repayment and interest holiday of 12 months and repayments began in June 2021.


10	Other information

	HIT Energy Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Office 3 Enterprise House
	The Quarry Business Park
	Grantham Road
	Waddington, Lincoln
	LN5 9NT