Company Registration No. 13200053 (England and Wales)
Highland Business Finance Limited
Unaudited accounts
for the year ended 29 February 2024
Highland Business Finance Limited
Unaudited accounts
Contents
Highland Business Finance Limited
Company Information
for the year ended 29 February 2024
Company Number
13200053 (England and Wales)
Registered Office
24 High Street
Billericay
Essex
CM12 9BQ
Accountants
Total Accounting Solutions Limited
68 Habgood Road
Loughton
Essex
IG10 1HE
Highland Business Finance Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
108,448
26,007
Creditors: amounts falling due within one year
(22,588)
(2,598)
Net current assets
85,860
23,409
Total assets less current liabilities
85,860
23,409
Creditors: amounts falling due after more than one year
(5,000)
(5,000)
Called up share capital
100
100
Profit and loss account
80,760
18,309
Shareholders' funds
80,860
18,409
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 March 2024 and were signed on its behalf by
William Edwards
Director
Company Registration No. 13200053
Highland Business Finance Limited
Notes to the Accounts
for the year ended 29 February 2024
Highland Business Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 13200053. The registered office is 24 High Street, Billericay, Essex, CM12 9BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
19,475
1,085
Loans from directors
950
950
5
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
5,000
5,000
The director's loan is repayable no earlier than 15 February 2026 and is subordinate to other creditors in the event of a winding up.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).