IRIS Accounts Production v23.3.1.45 SC442313 director 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4423132022-02-28SC4423132023-02-28SC4423132022-03-012023-02-28SC4423132021-02-28SC4423132021-03-012022-02-28SC4423132022-02-28SC442313ns10:Originalns15:Scotland2022-03-012023-02-28SC442313ns14:PoundSterlingns10:Original2022-03-012023-02-28SC442313ns10:Originalns10:Director12022-03-012023-02-28SC442313ns10:Original2022-03-012023-02-28SC442313ns10:Original2023-02-28SC442313ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-28SC442313ns10:Originalns10:SmallEntities2022-03-012023-02-28SC442313ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-28SC442313ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-28SC442313ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-28SC442313ns10:Originalns10:FullAccounts2022-03-012023-02-28SC442313ns10:Originalns10:RegisteredOffice2022-03-012023-02-28SC442313ns10:Original2022-02-28SC442313ns10:Originalns5:CurrentFinancialInstruments2023-02-28SC442313ns10:Originalns5:CurrentFinancialInstruments2022-02-28SC442313ns10:Originalns5:Non-currentFinancialInstruments2023-02-28SC442313ns10:Originalns5:Non-currentFinancialInstruments2022-02-28SC442313ns5:ShareCapitalns10:Original2023-02-28SC442313ns5:ShareCapitalns10:Original2022-02-28SC442313ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-28SC442313ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-28SC442313ns10:Originalns5:PlantMachinery2022-03-012023-02-28SC442313ns10:Original2021-03-012022-02-28SC442313ns10:Originalns5:PlantMachinery2022-02-28SC442313ns10:Originalns5:PlantMachinery2023-02-28SC442313ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28SC442313ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28
REGISTERED NUMBER: SC442313 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

HIGOLA LIMITED

HIGOLA LIMITED (REGISTERED NUMBER: SC442313)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGOLA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Miss N M Mackay



REGISTERED OFFICE: 53 High Street
Dumbarton
G82 1LS



REGISTERED NUMBER: SC442313 (Scotland)



ACCOUNTANTS: Callanders Limited
Chartered Accountants
53 High Street
Dumbarton
G82 1LS



BANKERS: Bank of Scotland
600 Gorgie Road
EDINBURGH
EH11 3XP

HIGOLA LIMITED (REGISTERED NUMBER: SC442313)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 1,178 6,295
Cash at bank 2,046 2,237
3,224 8,532
CREDITORS
Amounts falling due within one year 6 2,233 3,180
NET CURRENT ASSETS 991 5,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

991

5,352

CREDITORS
Amounts falling due after more than one
year

7

1,447

2,041
NET (LIABILITIES)/ASSETS (456 ) 3,311

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (556 ) 3,211
SHAREHOLDERS' FUNDS (456 ) 3,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

HIGOLA LIMITED (REGISTERED NUMBER: SC442313)

BALANCE SHEET - continued
28 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2023 and were signed by:





Miss N M Mackay - Director


HIGOLA LIMITED (REGISTERED NUMBER: SC442313)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Higola 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 represents sales arising from the provision of hairdressing services.

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 - 15% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 4,000
DEPRECIATION
At 1 March 2022
and 28 February 2023 4,000
NET BOOK VALUE
At 28 February 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,178 6,295

HIGOLA LIMITED (REGISTERED NUMBER: SC442313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 595 580
Taxation and social security - 1,581
Other creditors 1,638 1,019
2,233 3,180

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,447 2,041