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Registered Number: 10295935
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 July 2023

for

HIGH HOUSE TRADING LIMITED

Director Alexander Tonkin
Registered Number 10295935
Registered Office 22 Porthill Road
Shrewsbury
Shropshire
SY3 8SA
Accountants Castlefields Accountancy Ltd
23 Benyon Street
Castlefields
Shrewsbury
SY1 2JQ
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 10,303    10,902 
10,303    10,902 
Current assets      
Stocks 4 511,912    308,738 
Debtors 5 70,937    112,308 
Cash at bank and in hand 241,724    117,985 
824,573    539,031 
Creditors: amount falling due within one year 6 (189,304)   (151,502)
Net current assets 635,269    387,529 
 
Total assets less current liabilities 645,572    398,431 
Creditors: amount falling due after more than one year 7 (18,333)   (28,333)
Net assets 627,239    370,098 
 

Capital and reserves
     
Called up share capital 8 1    1 
Profit and loss account 627,238    370,097 
Shareholder's funds 627,239    370,098 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 28 October 2023 and were signed by:


-------------------------------
Alexander Tonkin
Director
2
General Information
High House Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 10295935, registration address 22 Porthill Road, Shrewsbury, Shropshire, SY3 8SA.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Fixtures and Fittings 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 August 2022 9,829    11,351    21,180 
Additions 563    2,701    3,264 
Disposals    
At 31 July 2023 10,392    14,052    24,444 
Depreciation
At 01 August 2022 2,974    7,304    10,278 
Charge for year 1,854    2,009    3,863 
On disposals    
At 31 July 2023 4,828    9,313    14,141 
Net book values
Closing balance as at 31 July 2023 5,564    4,739    10,303 
Opening balance as at 01 August 2022 6,855    4,047    10,902 


4.

Stocks

2023
£
  2022
£
Stocks 511,912    308,738 
511,912    308,738 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 40,490    89,888 
Other Debtors 30,447    22,420 
70,937    112,308 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 83,782    1 
Bank Loans & Overdrafts 10,000    10,000 
Taxation and Social Security 81,652    43,596 
Other Creditors 13,870    97,905 
189,304    151,502 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 18,333    28,333 
18,333    28,333 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1 Ordinary share of £1.00 each  
 

3