Hi-tec Sports Uk Limited in Southend-on-sea, SS1 1AB

Description

Data updated on: 17-03-2023

Based in 1st Floor, Southend-on-sea SS1 1AB Hi-tec Sports Uk Limited was classified as a Private Limited Company and issued a 02310579 Companies House Reg No. This company had been set up thirty six years ago before was dissolved on 17th January 2023.

Christopher T. and Tanja V. were listed as firm's directors and were running the company from 2021 to 2023.

The companies with significant control over this firm were as follows: Hi-Tec Sports Limited owned over 3/4 of company shares and had 3/4 to full of voting rights. This business could have been reached in Essex at Southend-On-Sea, SS2 6GH and was registered as a PSC under the reg no 01159203.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-12-31	2016-12-31	2018-02-03	2019-02-02	2020-01-31	2021-01-31	2021-12-31
Currency

Balance Sheet
Cash Bank On Hand	1 870 272	2 336 531	82 884	27 445	5 926	7 130
Current Assets	16 094 548	9 777 965	8 056 063	7 894 412	8 010 794	7 870 764	8 116 560
Debtors	5 019 971	6 502 106	7 973 179	7 866 967	8 004 868	7 863 634	8 116 560
Other Debtors	1 237	1 394 887				660	653
Property Plant Equipment	165 597	9 574
Total Inventories	9 204 305	939 328

Other Financial Data
Audit Fees Expenses	21 000	21 600	6 000	6 511	3 421
Other Non-audit Services Fees	2 000	10 111	11 488
Taxation Compliance Services Fees	5 750	5 750	6 625
Accrued Liabilities Deferred Income	85 207	133 393	36 450	2 217	4 578
Accumulated Depreciation Impairment Property Plant Equipment	652 308	1 663
Additions Other Than Through Business Combinations Property Plant Equipment		186 768
Administrative Expenses	2 958 865	3 672 385	81 447	22 009	3 091
Amounts Owed By Group Undertakings			7 973 179	7 866 967	8 004 868
Amounts Owed By Related Parties					8 004 868	7 862 974	8 115 907
Amounts Owed To Group Undertakings		2 354 918	2 486 785	2 398 385	2 403 130	2 362 909	2 454 400
Average Number Employees During Period	84	70	1
Bank Borrowings Overdrafts	2 790 801
Bank Overdrafts	2 790 801
Cash Cash Equivalents Cash Flow Value			82 884	27 445	5 926
Corporation Tax Recoverable	18 154
Cost Sales	15 340 905	23 791 249	939 328
Creditors	5 259 383	4 093 994	2 540 244	2 400 602	2 408 023	2 364 123	2 454 400
Current Tax For Period	-18 154
Deferred Tax Asset Debtors	174 144
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period		174 144
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-174 144	174 144
Depreciation Expense Property Plant Equipment	46 698	73 323	1 845
Distribution Costs	4 760 756	4 425 652	86 616
Finished Goods Goods For Resale	7 426 033	939 328
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities	-85 903	-100 101
Further Item Tax Increase Decrease Component Adjusting Items	44 727	-1 645	-8 537	28 182	6 291
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	-9 600	-824 929	273 806	-356	448
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables				139 642	-7 421
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables				-106 212	137 901
Gain Loss On Disposals Property Plant Equipment	-180	-219 269	-7 729
Gross Profit Loss	6 612 715	2 961 662
Income Taxes Paid Refund Classified As Operating Activities	-18 154		-6 806
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation				55 439	21 519
Increase Decrease In Current Tax From Adjustment For Prior Periods		18 154	6 806
Increase From Depreciation Charge For Year Property Plant Equipment		73 323	1 845
Interest Income From Group Undertakings Participating Interests	15 201	27 966			172 807
Interest Income On Bank Deposits	169	5 739
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss					172 807
Interest Paid To Group Undertakings					60 755
Interest Payable Similar Charges Finance Costs	98 352	12 249	2 857		60 755
Interest Received Classified As Investing Activities	-15 370	-33 705			-172 807
Net Cash Flows From Used In Investing Activities					-172 807
Net Cash Flows From Used In Operating Activities	1 518 971	-3 259 823		55 439	194 326
Net Cash Generated From Operations	1 402 465	-3 272 072	2 243 984	55 439	133 571
Net Current Assets Liabilities	10 835 165	5 683 971	5 515 819	5 493 810	5 602 771	5 506 641	5 662 160
Net Finance Income Costs	15 370	33 705			172 807
Net Interest Paid Received Classified As Operating Activities	-98 352	-12 249	-2 857		-60 755
Number Shares Issued Fully Paid		5 000 000	5 000 000
Operating Profit Loss	-1 106 853	-5 136 375	-168 063	-22 009
Other Creditors	1 025 976	130 043			4 893	1 214
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		723 968	3 508
Other Disposals Property Plant Equipment		993 436	11 237
Other Interest Expense	98 352	12 249
Other Interest Receivable Similar Income Finance Income	15 370	33 705			172 807
Other Operating Income Format1	53
Other Taxation Social Security Payable	264 706	63 919	7 073
Par Value Share		1	1
Pension Other Post-employment Benefit Costs Other Pension Costs	157 320	148 404	3 660
Prepayments Accrued Income	561 261	126 850
Proceeds From Sales Property Plant Equipment	-7 148	-50 199
Profit Loss	-997 537	-5 307 217	-177 726	-22 009	108 961
Profit Loss On Ordinary Activities Before Tax	-1 189 835	-5 114 919	-170 920	-22 009	108 961
Property Plant Equipment Gross Cost	817 905	11 237
Purchase Property Plant Equipment	-103 430	-186 768
Raw Materials Consumables	1 778 272
Social Security Costs	275 438	238 066
Staff Costs Employee Benefits Expense	2 728 065	2 370 351	81 816
Tax Decrease From Utilisation Tax Losses					27 666
Tax Expense Credit Applicable Tax Rate				-4 182	20 703
Tax Increase Decrease Arising From Group Relief Tax Reconciliation				-22 771
Tax Increase Decrease From Effect Capital Allowances Depreciation	-2 395	-1 582			-1 006
Tax Increase Decrease From Effect Different U K Tax Rates On Some Earnings	1 383
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	631	49 021	25 249	-1 229
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward		977 190	15 763		1 678
Tax Increase Decrease From Other Short-term Timing Differences	-2 400
Tax Tax Credit On Profit Or Loss On Ordinary Activities	-192 298	192 298	6 806
Total Assets Less Current Liabilities	11 000 762	5 693 545	5 515 819
Total Borrowings	2 790 801
Total Current Tax Expense Credit	-18 154	18 154
Total Operating Lease Payments	592 091	539 501	20 082
Trade Creditors Trade Payables	1 092 693	1 411 721	9 936
Trade Debtors Trade Receivables	2 409 526	1 703 330
Turnover Revenue	21 953 620	26 752 911	939 328
Wages Salaries	2 295 307	1 983 881	78 156
Company Contributions To Defined Benefit Plans Directors	41 198	38 557