High Performance Systems Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14185582

High Performance Systems Limited

Filleted Unaudited Financial Statements

31 December 2025

High Performance Systems Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	8,700	–
Tangible assets	6	19,067	6,403
		--------	-------
		27,767	6,403

Current assets

Stocks		305,443	141,645
Debtors	7	196,098	198,548
Cash at bank and in hand		67,077	22,291
		---------	---------
		568,618	362,484

Creditors: amounts falling due within one year	8	613,490		331,783
		---------		---------
Net current (liabilities)/assets			( 44,872)	30,701
			--------	--------
Total assets less current liabilities			( 17,105)	37,104

Creditors: amounts falling due after more than one year	9	26,647	35,588
		--------	--------
Net (liabilities)/assets		( 43,752)	1,516
		--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 43,753)	1,515
	--------	-------
Shareholders (deficit)/funds	( 43,752)	1,516
	--------	-------

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 statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 .

High Performance Systems Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 18 September 2026 , and are signed on behalf of the board by:

Mr Daniel Moggach

Director

Company registration number: 14185582

High Performance Systems Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Chevron House, Unit E Hazleton Interchange Lakesmere Road, Horndean, Waterlooville, Hampshire, PO8 9JU, England.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. At the balance sheet date, the company had net liabilities of £45,365 (2024: net assets of £1,516). The directors have reviewed detailed cash flow forecasts. Based on this review, the directors are satisfied that the company will be able to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements.

Revenue recognition

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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

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 stock to its present location and condition.

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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Intangible assets

	Patents, trademarks and licences
	£
Cost
Additions	8,700
	-------
At 31 December 2025	8,700
	-------
Amortisation
At 1 January 2025 and 31 December 2025	–
	-------
Carrying amount
At 31 December 2025	8,700
	-------
At 31 December 2024	–
	-------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2025	6,313	–	896	7,209
Additions	–	14,739	189	14,928
	-------	--------	-------	--------
At 31 December 2025	6,313	14,739	1,085	22,137
	-------	--------	-------	--------
Depreciation
At 1 January 2025	769	–	37	806
Charge for the year	1,386	614	264	2,264
	-------	--------	-------	--------
At 31 December 2025	2,155	614	301	3,070
	-------	--------	-------	--------
Carrying amount
At 31 December 2025	4,158	14,125	784	19,067
	-------	--------	-------	--------
At 31 December 2024	5,544	–	859	6,403
	-------	--------	-------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	184,622	180,770
Other debtors	11,476	17,778
	---------	---------
	196,098	198,548
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	8,236	8,236
Trade creditors	111,101	109,874
Social security and other taxes	22,357	11,961
Other creditors	471,796	201,712
	---------	---------
	613,490	331,783
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	26,647	35,588
	--------	--------

10. Related party transactions

At year end the amounts owed to related parties was £468,985 (2024: £200,462).