Hily Ltd - Accounts

Hily Ltd
Contents Page
For the year ended 31 January 2026

Company Information	1
Income Statement	2
Statement of Financial Position	3
Notes to the Financial Statements	4

Hily Ltd
Company Information
For the year ended 31 January 2026

Director	Richard Keys
Registered Number	13177098
Registered Office	128 City Road London EC1V 2NX
Accountants	WallsMan Creative Limited Unit 14, Princeton Mews 167 London Road Kingston upon Thames KT2 6PT

1

Hily Ltd
Income Statement
For the year ended 31 January 2026

	2026 £	2025 £
Turnover	0	7,910
Gross profit	0	7,910
Administrative expenses	(930)	(986)
Operating profit/(loss)	(930)	6,924
Profit/(Loss) on ordinary activities before taxation	(930)	6,924
Tax on profit on ordinary activities	0	(1,315)
Profit/(Loss) for the financial year	(930)	5,609

2

Hily Ltd
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Current assets
Stocks	3	305,000	305,000
Debtors	4	50,588	50,508
Cash at bank and in hand		265	7,093
		355,853	362,601
Creditors: amount falling due within one year	5	(354,060)	(359,878)
Net current assets		1,793	2,723

Total assets less current liabilities		1,793	2,723
Net assets		1,793	2,723

Capital and reserves
Called up share capital		1	1
Profit and loss account		1,792	2,722
Shareholders' funds		1,793	2,723

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 18 May 2026 and were signed by:

-------------------------------
Richard Keys
Director

3

Hily Ltd
Notes to the Financial Statements
For the year ended 31 January 2026

General Information

Hily Ltd is a private company, limited by shares, registered in England and Wales, registration number 13177098, registration address 128 City Road, London, EC1V 2NX.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

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)

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 1 (2025 : 1).

3.

Stocks

	2026 £		2025 £
Stocks	305,000		305,000
	305,000		305,000

4.

Debtors: amounts falling due within one year

	2026 £	2025 £
Amount Owed by Group Undertakings	50,320	50,320
Prepayments & Accrued Income	150	0
VAT	118	188
	50,588	50,508

5.

Creditors: amount falling due within one year

	2026 £	2025 £
Amounts Owed to Group Undertakings	55,308	53,866
Corporation Tax	0	638
Accrued Expenses	435	457
Other Creditors	1	1
Directors' Current Accounts	298,316	304,916
	354,060	359,878

4


Registered Number: 13177098
England and Wales
HILY LTD

Unaudited Financial Statements

Period of accounts Start date: 01 February 2025 End date: 31 January 2026