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Registered number: 11302125
Hyltec Limited
Unaudited Financial Statements
For the Period 1 August 2024 to 31 January 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11302125
31 January 2026 31 July 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,853
- 1,853
CURRENT ASSETS
Stocks 5 - 9,000
Debtors 6 1,684 6,312
Cash at bank and in hand 894 29,180
2,578 44,492
Creditors: Amounts Falling Due Within One Year 7 (2,075 ) (6,718 )
NET CURRENT ASSETS (LIABILITIES) 503 37,774
TOTAL ASSETS LESS CURRENT LIABILITIES 503 39,627
PROVISIONS FOR LIABILITIES
Deferred Taxation - (352 )
NET ASSETS 503 39,275
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 303 39,075
SHAREHOLDERS' FUNDS 503 39,275
Page 1
Page 2
For the period ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
H L Harvey
Director
29/04/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hyltec Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11302125 . The registered office is No.11 Riverside Riverside Park, Farnham, Surrey, England, GU9 7UG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has taken the decision to cease trading and that it is not appropriate to adopt a going concern basis of preparation in these financial statements. The director has made an assessment on the recoverability of the assets and likelihood of repayment of liabilities and has determined there is no impact on the carrying value held in these financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight line basis
Computer Equipment 20% Straight line basis
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.7. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
2.8. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.9. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2024 7,409 3,575 10,984
Disposals (7,409 ) (3,575 ) (10,984 )
As at 31 January 2026 - - -
Depreciation
As at 1 August 2024 6,787 2,344 9,131
Provided during the period 423 683 1,106
Disposals (7,210 ) (3,027 ) (10,237 )
As at 31 January 2026 - - -
Net Book Value
As at 31 January 2026 - - -
As at 1 August 2024 622 1,231 1,853
5. Stocks
31 January 2026 31 July 2024
£ £
Stock - 9,000
6. Debtors
31 January 2026 31 July 2024
£ £
Due within one year
Prepayments and accrued income 91 -
Corporation tax recoverable assets 1,593 1,593
Director's loan account - 4,719
1,684 6,312
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7. Creditors: Amounts Falling Due Within One Year
31 January 2026 31 July 2024
£ £
Other creditors 495 2,948
Accruals and deferred income 1,495 3,770
Director's loan account 85 -
2,075 6,718
8. Share Capital
31 January 2026 31 July 2024
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1.00 each 100 100
100 Ordinary B shares of £ 1.00 each 100 100
200 200
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2026
£ £ £ £ £
Mr Heath Harvey 4,719 - 4,719 - -
The above loan is unsecured, interest free and repayable on demand.
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