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REGISTERED NUMBER: 04166289 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Highstone Building Services Ltd

Highstone Building Services Ltd (Registered number: 04166289)






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


Highstone Building Services Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs J Hawley
S Hawley
Miss A Hawley
Mrs L Lloyd
G Lloyd





SECRETARY: Mrs J Hawley





REGISTERED OFFICE: Highstone
329 Wakefield Road
Denby Dale
West Yorkshire
HD8 8RX





REGISTERED NUMBER: 04166289 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Highstone Building Services Ltd (Registered number: 04166289)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 510,249 518,998

CURRENT ASSETS
Stocks 785,396 100,000
Debtors 5 968,219 849,540
Cash at bank and in hand 31,814 40,320
1,785,429 989,860
CREDITORS
Amounts falling due within one year 6 1,481,061 777,977
NET CURRENT ASSETS 304,368 211,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

814,617

730,881

CREDITORS
Amounts falling due after more than one year 7 (12,664 ) (8,778 )

PROVISIONS FOR LIABILITIES (34,494 ) (96,254 )
NET ASSETS 767,459 625,849

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 767,359 625,749
SHAREHOLDERS' FUNDS 767,459 625,849

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 directors acknowledge their 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.

Highstone Building Services Ltd (Registered number: 04166289)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





Mrs J Hawley - Director


Highstone Building Services Ltd (Registered number: 04166289)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Highstone Building Services Ltd is a private company, limited by shares , registered in England and Wales. 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 derives from the sale of properties and the provision of building services. With respect to development properties, turnover is recognised as activity progresses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
The stock held by the company consists of residential properties. These are valued at the lower of cost and net realisable value. The directors have confirmed that none of the property valuations have fallen below the price that were paid for the properties.

Financial instruments
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Highstone Building Services Ltd (Registered number: 04166289)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 277,509 463,097 48,119
Additions - 14,909 178
Disposals - - -
At 31 March 2023 277,509 478,006 48,297
DEPRECIATION
At 1 April 2022 277,508 209,869 35,156
Charge for year 1 40,859 2,624
Eliminated on disposal - - -
At 31 March 2023 277,509 250,728 37,780
NET BOOK VALUE
At 31 March 2023 - 227,278 10,517
At 31 March 2022 1 253,228 12,963

Highstone Building Services Ltd (Registered number: 04166289)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 449,600 32,867 1,271,192
Additions 168,995 - 184,082
Disposals (128,000 ) - (128,000 )
At 31 March 2023 490,595 32,867 1,327,274
DEPRECIATION
At 1 April 2022 204,526 25,135 752,194
Charge for year 90,019 5,328 138,831
Eliminated on disposal (74,000 ) - (74,000 )
At 31 March 2023 220,545 30,463 817,025
NET BOOK VALUE
At 31 March 2023 270,050 2,404 510,249
At 31 March 2022 245,074 7,732 518,998

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 250,987 232,110 483,097
Additions - 23,995 23,995
Transfer to ownership (250,987 ) (174,515 ) (425,502 )
At 31 March 2023 - 81,590 81,590
DEPRECIATION
At 1 April 2022 119,167 99,715 218,882
Charge for year 19,772 18,433 38,205
Transfer to ownership (138,939 ) (86,951 ) (225,890 )
At 31 March 2023 - 31,197 31,197
NET BOOK VALUE
At 31 March 2023 - 50,393 50,393
At 31 March 2022 131,820 132,395 264,215

Highstone Building Services Ltd (Registered number: 04166289)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 14,633 44,482
Other debtors 953,586 805,058
968,219 849,540

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts (see note 8) 16,471 36,953
Trade creditors 553,658 598,726
Taxation and social security 295,080 104,306
Other creditors 615,852 37,992
1,481,061 777,977

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts (see note 8) 12,664 8,778

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.23 31.3.22
£    £   
Net obligations repayable:
Within one year 16,471 36,953
Between one and five years 12,664 8,778
29,135 45,731

Non-cancellable operating leases
31.3.23 31.3.22
£    £   
Within one year 16,378 4,271
Between one and five years 27,297 -
43,675 4,271

Highstone Building Services Ltd (Registered number: 04166289)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 29,135 45,731

Hire purchase contracts are secured by fixed charges over the assets to which they relate.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mrs J Hawley and S Hawley
Balance outstanding at start of year 9,543 -
Amounts advanced 1,132,946 9,543
Amounts repaid (265,155 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 877,334 9,543

Interest has been charged on overdrawn directors loan account at the official rate.
These are repayable on demand.