Hi-tec Europe Limited in Watford,, WD24 4PR

Description

Data updated on: 01-11-2023

Hi-tec Europe Limited with the registration number 10352997 has been on the market for eight years. This particular Private Limited Company is officially located at Unit 1, Colonial Business Park,, Colonial Way, in Watford, and its post code is WD24 4PR. Since 2016-12-13 Hi-tec Europe Limited is no longer under the name Batra. The company's registered with SIC code 47190 and their NACE code stands for Other retail sale in non-specialised stores. The business latest annual accounts were submitted for the period up to Sat, 31st Dec 2022 and the most recent confirmation statement was filed on Wed, 27th Sep 2023.

As stated, this specific company was built in August 2016 and has so far been led by five directors, and out of them four (Rajesh B., Ian C., Poopalasingham R. and Rajiv B.) are still listed as current directors.

Rajiv B. is the individual with significant control over this firm, owns over 3/4 of company shares and has 3/4 to full of voting rights.

Previous company's names
Hi-tec Europe Limited 2016-12-13
Batra Limited 2016-08-31

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	131 746	275 426	184 243	828 160	775 919
Current Assets	9 344 885	9 820 344	6 663 770	14 247 250	13 569 323
Debtors	3 305 002	5 139 563	3 342 870	7 737 638	7 953 845
Net Assets Liabilities	800 321	1 091 169	1 534 767	2 494 417	3 447 676
Other Debtors	192 834	1 555 954	743 629	1 060 803	317 565
Property Plant Equipment	184 135	263 685	225 597	236 843	288 489
Total Inventories	5 908 137	4 405 355	3 136 657	5 681 452	4 839 559

Other Financial Data
Audit Fees Expenses	22 390	21 500	22 129	22 000	22 000
Accrued Liabilities Not Expressed Within Creditors Subtotal	533 109	1 762 343	1 447 267	1 261 798	546 228
Accumulated Amortisation Impairment Intangible Assets	69 844	108 332	146 821	185 178	192 445
Accumulated Depreciation Impairment Property Plant Equipment	127 423	262 886	407 510	557 992	619 528
Additions Other Than Through Business Combinations Property Plant Equipment		215 012	106 536	161 728	113 182
Administration Support Average Number Employees	13	13	9	10	9
Administrative Expenses	8 136 438	7 576 306	6 506 417	8 395 178	8 587 352
Amortisation Expense Intangible Assets	38 489	38 489	38 489	38 357	7 267
Amounts Owed By Associates Joint Ventures Participating Interests				2 598 723	369 005
Amounts Owed By Group Undertakings				1 093 910	5 783 702
Amounts Owed To Group Undertakings				-8 016	5 694 899
Applicable Tax Rate		19	19	19	19
Average Number Employees During Period	55	47	43	46	48
Bank Borrowings Overdrafts	1 200 000	2 262 614	1 097 053	1 108 729	1 137 962
Cash Cash Equivalents Cash Flow Value	131 746	275 425	184 243	865 766	819 322
Cash Flows Used In Acquiring Or Obtaining Control Subsidiaries Or Other Businesses Classified As Investing Activities			21 739
Comprehensive Income Expense	619 076	410 846	683 596	959 652	953 259
Corporation Tax Payable	159 291	16 996			3
Cost Inventories Recognised As Expense Gross	17 293 174	13 396 808	15 272 015
Cost Sales	17 753 081	13 818 103	15 709 369	21 480 302	26 359 406
Creditors	8 318 191	7 314 629	3 974 696	10 883 608	10 064 739
Current Tax For Period	159 291	16 996		2 455	142
Depreciation Expense Property Plant Equipment	86 335	135 463	144 624	154 930	66 374
Distribution Average Number Employees	27	20	22	22	25
Distribution Costs				730 419	1 032 735
Dividend Declared Payable	120 000
Dividends Paid	284 000	120 000	240 000
Dividends Paid Classified As Financing Activities	164 000	240 000	240 000
Dividends Paid On Shares	164 000	120 000	240 000
Finished Goods	5 908 137	4 405 355	3 136 657	5 681 452	4 839 559
Fixed Assets	306 736	347 797	292 960	265 849	310 228
Further Item Operating Income Component Total Other Operating Income	640 078	327 152	252 429
Future Minimum Lease Payments Under Non-cancellable Operating Leases		385 000	2 489 520	3 323 252	2 731 265
Gain Loss In Cash Flows From Change In Accrued Items	-626 199	1 229 234	-315 076	2 179 069	-1 345 763
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	2 489 010	-1 803 881	-2 157 376	10 419 106	-6 611 279
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-738 143	-1 834 561	1 796 693	-6 035 603	2 432 439
Gain Loss In Cash Flows From Change In Inventories	-897 991	1 502 782	1 268 698	-8 377 103	-264 240
Gain Loss On Non-financing Activities Due To Foreign Exchange Differences Recognised In Profit Or Loss			240 713	41 438	-52 154
Gross Profit Loss	8 097 246	6 557 799	6 604 119	7 384 346	8 114 350
Income Expense Recognised Directly In Equity	-284 000	-120 000	-240 000	10 000
Income Taxes Paid Refund Classified As Operating Activities	156 741	-140 897	-3	2 455	139
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-77 382	143 679	-91 182	865 766	-46 444
Increase Decrease In Current Tax From Adjustment For Prior Periods	1 676	-300 188	-16 999	2 455	142
Increase Decrease In Net Debt From Cash Flows				242 963	5 545 036
Increase From Amortisation Charge For Year Intangible Assets		38 489	38 489	38 357	7 267
Increase From Depreciation Charge For Year Property Plant Equipment		135 463	144 624	150 482	61 536
Intangible Assets	122 601	84 112	45 624	7 267
Intangible Assets Gross Cost		192 445	192 445	192 445	192 445
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	148	15	45
Interest Income On Bank Deposits		1 085
Interest Income On Cash Cash Equivalents				27 924	180 782
Interest Paid Classified As Financing Activities			-2
Interest Paid Classified As Operating Activities	35 354	120 004	103 534	213 898	584 188
Interest Payable Similar Charges Finance Costs	35 354	120 004	103 534	213 898	584 188
Interest Received Classified As Operating Activities		1 085		127 751	494 701
Investments			21 739	21 739	21 739
Investments Fixed Assets			21 739	21 739	21 739
Investments In Group Undertakings			21 739	21 739	21 739
Issue Equity Instruments				10 000
Net Cash Flows From Used In Financing Activities	-964 000	822 614	-1 405 559	1 118 729	5 498 592
Net Cash Flows From Used In Investing Activities	-88 185	-215 012	-128 275	-174 386	-113 992
Net Cash Flows From Used In Operating Activities	974 803	-463 923	1 442 652	-78 577	-5 431 044
Net Cash Generated From Operations	1 166 898	-485 901	1 546 183	10 025	-5 341 418
Net Current Assets Liabilities	1 026 694	2 505 715	2 689 074	3 490 366	3 683 676
Net Debt Funds				242 963	5 787 999
Number Shares Issued Fully Paid				10 000	10 000
Operating Profit Loss	815 397	246 573	770 131	504 345	373 784
Other Creditors	1 876 635	1 663 623	1 706 405
Other Interest Receivable Similar Income Finance Income		1 085		127 751	494 701
Other Operating Income Format1	854 589	1 265 080	672 429	2 245 596	1 879 521
Other Remaining Operating Income		2 928		2 245 596	1 879 521
Other Taxation Social Security Payable	183 778	251 374	81 231	83 819	72 368
Par Value Share		1	1	1	1
Pension Costs Defined Contribution Plan	215 697	156 845	135 146	125 380	124 851
Pension Other Post-employment Benefit Costs Other Pension Costs	215 697	156 845	135 146	125 380	124 851
Prepayments Accrued Income	298 236	208 847	216 141
Prepayments Accrued Income Not Expressed Within Current Asset Subtotal				126 724	179 092
Proceeds From Borrowings Classified As Financing Activities	-800 000	1 062 614	-1 165 561	1 108 729	29 233
Proceeds From Issuing Shares				10 000
Proceeds From Repayment Loans Advances To Group Undertakings Classified As Financing Activities					5 469 359
Production Average Number Employees	12	12	10	12	12
Profit Loss	619 076	410 846	683 596	959 652	953 259
Profit Loss Attributable To Ordinary Equity Holders Parent Entity Basic	619 076	410 846	683 596
Profit Loss On Ordinary Activities Before Tax	780 043	127 654	666 597	418 198	284 297
Property Plant Equipment Gross Cost	311 559	526 571	633 107	794 835	908 017
Purchase Property Plant Equipment	88 185	215 012	106 536	174 386	113 992
Research Development Expense Recognised In Profit Or Loss			260 000
Revenue From Sale Goods				28 864 648	34 473 756
Social Security Costs	57 502	43 488	37 345	60 276	40 182
Staff Costs Employee Benefits Expense	2 381 774	2 238 892	1 991 940	2 282 808	2 588 082
Tax Decrease From Utilisation Tax Losses			133 670
Tax Expense Credit Applicable Tax Rate	148 208	24 254	126 653
Tax Increase Decrease From Effect Capital Allowances Depreciation	6 635	-8 069	7 017
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	4 638	811
Tax Tax Credit On Profit Or Loss On Ordinary Activities	160 967	-283 192	-16 999	2 455	142
Total Assets Less Current Liabilities	1 333 430	2 853 512	2 982 034	3 756 215	3 993 904
Trade Creditors Trade Payables	4 778 487	3 120 022	1 090 007	3 278 109	986 049
Trade Debtors Trade Receivables	2 813 932	3 374 762	2 383 100	2 984 202	1 483 573
Turnover Revenue	25 850 327	20 375 902	22 313 488	28 864 648	34 473 756
Wages Salaries	2 108 575	2 038 559	1 819 449	2 097 152	2 423 049
Amount Received Or Receivable Under Long-term Incentive Schemes Directors	9 235	10 354	12 321
Company Contributions To Money Purchase Plans Directors	72 213	72 551	48 050	27 645	35 800
Director Remuneration	284 096	287 500	287 500	407 500	460 220
Director Remuneration Benefits Excluding Payments To Third Parties	365 544	370 405	347 871	435 145	496 020

Company staff

Rajesh B.

Role: Director

Appointed: 13 July 2017

Latest update: 2 April 2024

Ian C.

Role: Director

Appointed: 07 December 2016

Latest update: 2 April 2024

Poopalasingham R.

Role: Director

Appointed: 01 October 2016

Latest update: 2 April 2024

Rajiv B.

Role: Director

Appointed: 31 August 2016

Latest update: 2 April 2024

People with significant control

Rajiv B.

Notified on 31 August 2016

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	11 October 2024
Confirmation statement last made up date	27 September 2023

Annual Accounts
Start Date For Period Covered By Report	2019-01-01
End Date For Period Covered By Report	31/12/2019
Annual Accounts
Start Date For Period Covered By Report	2020-01-01
End Date For Period Covered By Report	31/12/2020
Annual Accounts
Start Date For Period Covered By Report	2021-01-01
End Date For Period Covered By Report	31 December 2021
Annual Accounts
Start Date For Period Covered By Report	2022-01-01
End Date For Period Covered By Report	31 December 2022

Hi-tec Europe Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Rajesh B.

Ian C.

Poopalasingham R.

Rajiv B.

Ian F.

People with significant control

Rajiv B.

Accounts Documents

Company filings

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