REGISTERED NUMBER: 09823724 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Hi-Line Ceilings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D K King

REGISTERED OFFICE:

73 Lansdowne Road

Middlesbrough

Cleveland

TS4 2LS

REGISTERED NUMBER:

09823724 (England and Wales)

ACCOUNTANTS:

APC Accountancy

Chartered Accountants

73 Gilkes Street

Middlesbrough

TS1 5EH

FIXED ASSETS

Intangible assets

4

-

1,100

Tangible assets

5

8,500

11,665

8,500

12,765

CURRENT ASSETS

Stocks

250

250

Debtors

6

35,703

15,287

Cash at bank

37,721

8,728

73,674

24,265

CREDITORS

Amounts falling due within one year

7

37,775

20,389

NET CURRENT ASSETS

35,899

3,876

TOTAL ASSETS LESS CURRENT LIABILITIES

44,399

16,641

PROVISIONS FOR LIABILITIES

8

1,770

2,216

NET ASSETS

42,629

14,425

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

42,628

14,424

SHAREHOLDERS' FUNDS

42,629

14,425

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 26 August 2026 and were signed by:

Mr D K King - Director

1.	STATUTORY INFORMATION

Hi-Line Ceilings 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.

There have been no changes to the comparatives due to the adoption of FRS 102.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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 etc

-

20% on cost

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual

provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

11,000

AMORTISATION

At 1 December 2024

9,900

Charge for year

1,100

At 30 November 2025

11,000

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

1,100

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

and 30 November 2025

18,922

DEPRECIATION

At 1 December 2024

7,257

Charge for year

3,165

At 30 November 2025

10,422

NET BOOK VALUE

At 30 November 2025

8,500

At 30 November 2024

11,665

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

11,351

4,124

Other debtors

24,352

11,163

35,703

15,287

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Taxation and social security

34,681

18,198

Other creditors

3,094

2,191

37,775

20,389

8.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

1,770

2,216

Deferred

tax

£

Balance at 1 December 2024

2,216

Timing differences

(446

)

Balance at 30 November 2025

1,770

9.	RELATED PARTY DISCLOSURES

As at 30 November 2025 the company owed the director £257. (2024: £841)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D K King.