Hi Town Transport Limited

(Registration number: 15165058)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	20,244	19,130
Current assets
Debtors	5	311,101	288,379
Cash at bank and in hand		183,764	149,263
		494,865	437,642
Creditors: Amounts falling due within one year	6	(309,340)	(308,571)
Net current assets		185,525	129,071
Total assets less current liabilities		205,769	148,201
Provisions for liabilities		(5,061)	-
Net assets		200,708	148,201
Capital and reserves
Called up share capital	7	1	1
Retained earnings		200,707	148,200
Shareholders' funds		200,708	148,201

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Hi Town Transport Limited

(Registration number: 15165058)
Balance Sheet as at 31 March 2026
(continued)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 August 2026 and signed on its behalf by:
 

......................................... Mr J R J Snowzell Director

Hi Town Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1A Imperial Business Park
Mortimer Road
Hereford
HR4 9SP
England

These financial statements were authorised for issue by the Board on 27 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Hi Town Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Hi Town Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% of written down value per annum
Computer Equipment	25% of cost per annum

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Hi Town Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

2	Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 3).

Hi Town Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	8,756	21,696	30,452
Additions	8,283	-	8,283
At 31 March 2026	17,039	21,696	38,735
Depreciation
At 1 April 2025	3,185	8,136	11,321
Charge for the year	3,780	3,390	7,170
At 31 March 2026	6,965	11,526	18,491
Carrying amount
At 31 March 2026	10,074	10,170	20,244
At 31 March 2025	5,570	13,560	19,130

Hi Town Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

5

Debtors

Current	Note	2026 £	2025 £
Trade debtors		265,046	288,215
Amounts owed by related parties	8	45,001	1
Prepayments		1,054	-
Other debtors		-	163
		311,101	288,379

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	121,362	164,007
Taxation and social security	95,796	142,614
Accruals and deferred income	2,182	1,950
Other creditors	90,000	-
	309,340	308,571

Hi Town Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary Share of £1 each	1	1	1	1

8	Related party transactions

Loans to related parties

2026	Parent £	Total £
At start of period	90,001	90,001
Advanced	100,000	100,000
Repaid	(145,000)	(145,000)
At end of period	45,001	45,001

2025	Parent £	Total £
At start of period	90,001	90,001
At end of period	90,001	90,001

Terms of loans to related parties

The loans to related parties are interest free, unsecured and have no fixed repayment terms.