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Registration number: 12829681

Highlands Electrical Services Limited

Annual Report and Unaudited Abridged Financial Statements

for the Period from 21 August 2020 to 31 August 2021

 

Highlands Electrical Services Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Highlands Electrical Services Limited

Company Information

Director

Andrew Lomax

Registered office

C/O Blackborn Ltd
7 Brook Business Centre
Cowley Mill Road
Uxbridge
UB8 2FX

Accountants

Blackborn Limited
7 Brook Business Centre
Cowley Mill Road
Uxbridge
UB8 2FX

 

Highlands Electrical Services Limited

(Registration number: 12829681)
Abridged Balance Sheet as at 31 August 2021

Note

2021
£

Fixed assets

 

Tangible assets

4

9,107

Current assets

 

Debtors

14,854

Cash at bank and in hand

 

34,631

 

49,485

Creditors: Amounts falling due within one year

(41,480)

Net current assets

 

8,005

Net assets

 

17,112

Capital and reserves

 

Profit and loss account

17,112

Shareholders' funds

 

17,112

For the financial period ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 21 May 2022
 

.........................................

Andrew Lomax
Director

 

Highlands Electrical Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 21 August 2020 to 31 August 2021

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
C/O Blackborn Ltd
7 Brook Business Centre
Cowley Mill Road
Uxbridge
UB8 2FX
England

These financial statements were authorised for issue by the director on 21 May 2022.

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

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 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.

 

Highlands Electrical Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 21 August 2020 to 31 August 2021

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.

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

5 years straight line

Tools and equipment

3 years straight line

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

 

Highlands Electrical Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 21 August 2020 to 31 August 2021

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 21 August 2020

125

11,280

11,405

At 31 August 2021

125

11,280

11,405

Depreciation

Charge for the period

42

2,256

2,298

At 31 August 2021

42

2,256

2,298

Carrying amount

At 31 August 2021

83

9,024

9,107