Hi-Tech Machining Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03714813 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Hi-Tech Machining Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Buckley

REGISTERED OFFICE:

Unit 5 Halas Industrial Estate

Forge Lane

Halesowen

West Midlands

B62 8EB

REGISTERED NUMBER:

03714813 (England and Wales)

ACCOUNTANTS:

Sysum Howard Duggan Accountants Ltd

Unit 14

Elgar Business Centre

Moseley Road

Worcester

Worcestershire

WR2 6NJ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

25,198

33,597

Investments

6

-

100,000

25,198

133,597

CURRENT ASSETS

Stocks

750

Debtors

7

126,425

115,122

Cash at bank

323,185

412,755

450,360

528,627

CREDITORS

Amounts falling due within one year

8

50,775

223,003

NET CURRENT ASSETS

399,585

305,624

TOTAL ASSETS LESS CURRENT
LIABILITIES

424,783

439,221

CAPITAL AND RESERVES

Called up share capital

5,000

Capital redemption reserve

(115,000

)

(115,000

)

Retained earnings

534,783

549,221

424,783

439,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 22 June 2026 and were signed by:

D J Buckley - Director

1.	STATUTORY INFORMATION

Hi-Tech Machining Limited 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 and deferred 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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

1,000,500

AMORTISATION

At 1 October 2024

and 30 September 2025

1,000,500

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 October 2024

and 30 September 2025

51,156

857

52,013

DEPRECIATION

At 1 October 2024

17,559

857

18,416

Charge for year

8,399

-

8,399

At 30 September 2025

25,958

857

26,815

NET BOOK VALUE

At 30 September 2025

25,198

-

25,198

At 30 September 2024

33,597

-

33,597

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2024

100,000

Disposals

(100,000

)

At 30 September 2025

-

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

100,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

116,312

105,009

Bad debt provision

(1,938

)

(1,938

)

Tax

10,412

Prepayments

1,639

126,425

115,122

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade creditors

30,159

31,288

Amounts owed to participating interests

6,247

70,000

Social security and other taxes

2,083

1,631

VAT

4,562

4,513

Other creditors

-

15,600

Directors' current accounts

-

92,247

Accrued expenses

7,724

50,775

223,003