HI-TECH AEROSPACE COMPONENTS LIMITED 31/08/2025 iXBRL

Company registration number: 05629352

HI-TECH AEROSPACE COMPONENTS LIMITED

Unaudited filleted financial statements

31 August 2025

HI-TECH AEROSPACE COMPONENTS LIMITED

Contents

Statement of financial position

Notes to the financial statements

HI-TECH AEROSPACE COMPONENTS LIMITED

Statement of financial position

31 August 2025

			2025		2024
		Note	£	£	£	£

Fixed assets
Tangible assets		5	238,463		247,815
			_______		_______
				238,463		247,815

Current assets
Stocks			2,000		5,000
Debtors:
	Amounts falling due after more than one year	6	194,700		-
	Amounts falling due within one year	6	121,189		108,940
Cash at bank and in hand			108,980		183,603
			_______		_______
			426,869		297,543
Creditors: amounts falling due
within one year		7	( 193,742)		( 163,373)
			_______		_______
Net current assets				233,127		134,170
				_______		_______
Total assets less current liabilities				471,590		381,985

Creditors: amounts falling due
after more than one year		8		( 143,558)		( 33,713)

Provisions for liabilities				( 43,921)		( 74,467)

				_______		_______
Net assets				284,111		273,805
				_______		_______

Capital and reserves
Called up share capital				1		1
Profit and loss account				284,110		273,804
				_______		_______
Shareholders funds				284,111		273,805
				_______		_______

For the year ending 31 August 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 year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 May 2026 , and are signed on behalf of the board by:

Mr M Neale

Director

Company registration number: 05629352

HI-TECH AEROSPACE COMPONENTS LIMITED

Notes to the financial statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 18 Bayton Road, Exhall, Coventry, CV7 9EJ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2024: 10 ).

5. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 September 2024	1,224,255	1,224,255
Additions	47,996	47,996
	_______	_______
At 31 August 2025	1,272,251	1,272,251
	_______	_______
Depreciation
At 1 September 2024	976,440	976,440
Charge for the year	57,348	57,348
	_______	_______
At 31 August 2025	1,033,788	1,033,788
	_______	_______
Carrying amount
At 31 August 2025	238,463	238,463
	_______	_______
At 31 August 2024	247,815	247,815
	_______	_______

6. Debtors

Debtors falling due within one year are as follows:

	2025	2024
	£	£
Trade debtors	120,960	108,015
Other debtors	229	925
	_______	_______
	121,189	108,940
	_______	_______

Debtors falling due after one year are as follows:

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	194,700	-
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	57,990	49,189
Corporation tax	8,032	1,332
Social security and other taxes	38,444	51,079
Other creditors	89,276	61,773
	_______	_______
	193,742	163,373
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	143,558	33,713
	_______	_______

9. Controlling party

The ultimate controlling party of the company is Mr M Neale , the company director. This is by virtue of his shareholding in the company's parent company, Mantech Manufacturing Limited, company number 16225178.