REGISTERED NUMBER: 02768255 (England and Wales)

HITEC SHEET METAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Asbury

C Dudley

Mrs L M Dudley

J D Stevenson

J C W Dudley

SECRETARY:

REGISTERED OFFICE:

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

REGISTERED NUMBER:

02768255 (England and Wales)

ACCOUNTANTS:

Brindley Jacob

Chartered Accountants

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

FIXED ASSETS

Tangible assets

4

1,491,057

1,582,212

Investments

5

77,500

77,500

1,568,557

1,659,712

CURRENT ASSETS

Stocks

615,380

717,250

Debtors

664,603

478,275

Cash at bank and in hand

118,005

5,408

1,397,988

1,200,933

CREDITORS

Amounts falling due within one year

1,455,223

1,481,222

NET CURRENT LIABILITIES

(57,235

)

(280,289

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,511,322

1,379,423

CREDITORS

Amounts falling due after more than one year

6

548,221

443,735

NET ASSETS

963,101

935,688

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Share premium

87,363

87,363

Capital redemption reserve

1,937

1,937

Retained earnings

863,801

836,388

SHAREHOLDERS' FUNDS

963,101

935,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by:

C Dudley - Director

1.	STATUTORY INFORMATION

Hitec Sheet Metal 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance and 12% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

2,784,637

Additions

44,627

At 31 December 2025

2,829,264

DEPRECIATION

At 1 January 2025

1,202,425

Charge for year

135,782

At 31 December 2025

1,338,207

NET BOOK VALUE

At 31 December 2025

1,491,057

At 31 December 2024

1,582,212

Included in cost of land and buildings is freehold land of £ 174,154 (2024 - £ 174,154 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

937,949

95,874

1,033,823

Additions

-

44,500

44,500

At 31 December 2025

937,949

140,374

1,078,323

DEPRECIATION

At 1 January 2025

252,345

10,530

262,875

Charge for year

68,854

30,237

99,091

At 31 December 2025

321,199

40,767

361,966

NET BOOK VALUE

At 31 December 2025

616,750

99,607

716,357

At 31 December 2024

685,604

85,344

770,948

5.	FIXED ASSET INVESTMENTS

The investment purchase represents 95% of the issued share capital of Hitec Laser Ltd

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.12.25

31.12.24

£

£

Repayable by instalments

Bank loan > 5 years

137,056

-

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank overdrafts

507,835

413,861

Bank loans

245,080

56,667

Hire purchase contracts

481,306

580,831

1,234,221

1,051,359

8.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors the company is controlled by C Dudley and his family who hold 63% of the company's issued ordinary share capital.