IRIS Accounts Production v23.2.0.158 SC592920 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5929202022-03-31SC5929202023-03-31SC5929202022-04-012023-03-31SC5929202021-03-31SC5929202021-04-012022-03-31SC5929202022-03-31SC592920ns10:Originalns15:Scotland2022-04-012023-03-31SC592920ns14:PoundSterlingns10:Original2022-04-012023-03-31SC592920ns10:Originalns10:Director12022-04-012023-03-31SC592920ns10:Original2022-04-012023-03-31SC592920ns10:Original2023-03-31SC592920ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC592920ns10:Originalns10:SmallEntities2022-04-012023-03-31SC592920ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC592920ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC592920ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31SC592920ns10:Originalns10:FullAccounts2022-04-012023-03-31SC592920ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-31SC592920ns10:Originalns10:RegisteredOffice2022-04-012023-03-31SC592920ns10:Original2022-03-31SC592920ns10:Originalns5:CurrentFinancialInstruments2023-03-31SC592920ns10:Originalns5:CurrentFinancialInstruments2022-03-31SC592920ns10:Originalns5:Non-currentFinancialInstruments2023-03-31SC592920ns10:Originalns5:Non-currentFinancialInstruments2022-03-31SC592920ns5:ShareCapitalns10:Original2023-03-31SC592920ns5:ShareCapitalns10:Original2022-03-31SC592920ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-31SC592920ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-31SC592920ns10:Originalns5:PlantMachinery2022-04-012023-03-31SC59292012022-04-012023-03-31SC592920ns10:Original2021-04-012022-03-31SC592920ns10:Originalns5:PlantMachinery2022-03-31SC592920ns10:Originalns5:PlantMachinery2023-03-31SC592920ns10:Originalns5:PlantMachinery2022-03-31SC592920ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC592920ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31SC592920ns10:Originalns5:CurrentFinancialInstruments2022-04-012023-03-31SC592920ns10:Originalns5:Non-currentFinancialInstruments2022-04-012023-03-31SC592920ns10:Originalns5:DeferredTaxation2022-03-31SC592920ns10:Originalns5:DeferredTaxation2022-04-012023-03-31SC592920ns10:Originalns5:DeferredTaxation2023-03-31SC592920ns10:Originalns10:OrdinaryShareClass12023-03-31SC59292012022-04-012023-03-31
REGISTERED NUMBER: SC592920 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

HIGHLAND TRAILER LIMITED

HIGHLAND TRAILER LIMITED (REGISTERED NUMBER: SC592920)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGHLAND TRAILER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr C MacLean



REGISTERED OFFICE: Slochd Mhor Lodge
Carrbridge
PH23 3AY



REGISTERED NUMBER: SC592920 (Scotland)



ACCOUNTANTS: Ross + Co Accountancy Limited
31 Strathspey Avenue
Aviemore
PH22 1SN



BANKERS: The Royal Bank of Scotland
29 Harbour Road
Inverness
IV1 1NU

HIGHLAND TRAILER LIMITED (REGISTERED NUMBER: SC592920)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,812 26,694

CURRENT ASSETS
Stocks 5,500 7,736
Debtors 5 4,764 4,182
Cash at bank and in hand 7,446 6,726
17,710 18,644
CREDITORS
Amounts falling due within one year 6 19,441 9,927
NET CURRENT (LIABILITIES)/ASSETS (1,731 ) 8,717
TOTAL ASSETS LESS CURRENT LIABILITIES 34,081 35,411

CREDITORS
Amounts falling due after more than one
year

7

(27,754

)

(12,014

)

PROVISIONS FOR LIABILITIES 8 (4,623 ) (2,751 )
NET ASSETS 1,704 20,646

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 9 1 1
Profit and loss account - distributable 1,703 20,645
SHAREHOLDERS' FUNDS 1,704 20,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HIGHLAND TRAILER LIMITED (REGISTERED NUMBER: SC592920)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 director and authorised for issue on 6 October 2023 and were signed by:





Mr C MacLean - Director


HIGHLAND TRAILER LIMITED (REGISTERED NUMBER: SC592920)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Highland Trailer Limited is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

TAXATION
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

HIGHLAND TRAILER LIMITED (REGISTERED NUMBER: SC592920)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 43,040
Additions 21,157
Disposals (5,900 )
At 31 March 2023 58,297
DEPRECIATION
At 1 April 2022 16,346
Charge for year 10,172
Eliminated on disposal (4,033 )
At 31 March 2023 22,485
NET BOOK VALUE
At 31 March 2023 35,812
At 31 March 2022 26,694

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,250 2,744
Other debtors 1,514 1,438
4,764 4,182

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 605 176
Taxation and social security 4,068 5,009
Other creditors 14,768 4,742
19,441 9,927

Included in Other Creditors is a loan from the Director, Mr C MacLean, of £71 (2022: £434) and this loan is granted free of interest and is repayable on demand. Also included is the Bounce Back Loan of £2,982 and other business loans of £9,150.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 27,754 12,014

Other creditors is made up of a Bounce Back Loan of £6,318 (2022: £12,014) and other business loan of £21,436.

HIGHLAND TRAILER LIMITED (REGISTERED NUMBER: SC592920)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,623 2,751

Deferred
tax
£   
Balance at 1 April 2022 2,751
Provided during year 1,872
Balance at 31 March 2023 4,623

9. ALLOTTED, CALLED UP AND FULLY
PAID SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £0.01 1 1

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Director, Mr C MacLean by virtue of his 100% ownership of the issued Ordinary Share Capital.