Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseNo description of principal activity119falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC201239 2022-07-01 2023-06-30 SC201239 2021-07-01 2022-06-30 SC201239 2023-06-30 SC201239 2022-06-30 SC201239 c:CompanySecretary1 2022-07-01 2023-06-30 SC201239 c:Director1 2022-07-01 2023-06-30 SC201239 c:Director2 2022-07-01 2023-06-30 SC201239 c:Director2 2023-06-30 SC201239 c:RegisteredOffice 2022-07-01 2023-06-30 SC201239 d:Buildings 2022-07-01 2023-06-30 SC201239 d:Buildings 2023-06-30 SC201239 d:Buildings 2022-06-30 SC201239 d:Buildings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC201239 d:PlantMachinery 2022-07-01 2023-06-30 SC201239 d:PlantMachinery 2023-06-30 SC201239 d:PlantMachinery 2022-06-30 SC201239 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC201239 d:MotorVehicles 2022-07-01 2023-06-30 SC201239 d:MotorVehicles 2023-06-30 SC201239 d:MotorVehicles 2022-06-30 SC201239 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC201239 d:FurnitureFittings 2022-07-01 2023-06-30 SC201239 d:FurnitureFittings 2023-06-30 SC201239 d:FurnitureFittings 2022-06-30 SC201239 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC201239 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC201239 d:Goodwill 2023-06-30 SC201239 d:Goodwill 2022-06-30 SC201239 d:CurrentFinancialInstruments 2023-06-30 SC201239 d:CurrentFinancialInstruments 2022-06-30 SC201239 d:Non-currentFinancialInstruments 2023-06-30 SC201239 d:Non-currentFinancialInstruments 2022-06-30 SC201239 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC201239 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 SC201239 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC201239 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 SC201239 d:ShareCapital 2023-06-30 SC201239 d:ShareCapital 2022-06-30 SC201239 d:RevaluationReserve 2023-06-30 SC201239 d:RevaluationReserve 2022-06-30 SC201239 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC201239 d:RetainedEarningsAccumulatedLosses 2022-06-30 SC201239 c:OrdinaryShareClass1 2022-07-01 2023-06-30 SC201239 c:OrdinaryShareClass1 2023-06-30 SC201239 c:OrdinaryShareClass1 2022-06-30 SC201239 c:OrdinaryShareClass2 2022-07-01 2023-06-30 SC201239 c:OrdinaryShareClass2 2023-06-30 SC201239 c:OrdinaryShareClass2 2022-06-30 SC201239 c:FRS102 2022-07-01 2023-06-30 SC201239 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC201239 c:FullAccounts 2022-07-01 2023-06-30 SC201239 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC201239 5 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC201239










WEST HIGHLAND GAS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
WEST HIGHLAND GAS LIMITED
 

COMPANY INFORMATION


Directors
Mr J MacLachlan 
Mrs S MacLachlan (resigned 24 November 2022)




Company secretary
Mrs S MacLachlan



Registered number
SC201239



Registered office
Torran Gorm Industrial Estate

Oban

Argyll

PA34 4PL




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
WEST HIGHLAND GAS LIMITED
REGISTERED NUMBER:SC201239

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 5 
25,821
110,186

  
25,821
110,186

Current assets
  

Stocks
  
87,557
43,596

Debtors: amounts falling due within one year
 6 
517,377
487,077

Cash at bank and in hand
  
299
663

  
605,233
531,336

Creditors: amounts falling due within one year
 7 
(211,464)
(230,961)

Net current assets
  
 
 
393,769
 
 
300,375

Total assets less current liabilities
  
419,590
410,561

Creditors: amounts falling due after more than one year
 8 
(20,000)
(33,435)

Provisions for liabilities
  

Deferred tax
  
(5,120)
(5,467)

  
 
 
(5,120)
 
 
(5,467)

Net assets
  
394,470
371,659


Capital and reserves
  

Called up share capital 
 9 
5,000
5,000

Revaluation reserve
  
15,350
15,350

Profit and loss account
  
374,120
351,309

  
394,470
371,659


Page 1

 
WEST HIGHLAND GAS LIMITED
REGISTERED NUMBER:SC201239

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr J MacLachlan
Director

Date: 29 March 2024


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
WEST HIGHLAND GAS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

West Highland Gas Limited is a private company, limited by shares and incorporated in Scotland, registration number SC201239. The registered office address is Torran Gorm Industrial Estate, Lochavullin Road, Oban, Argyll, PA34 4PL. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
WEST HIGHLAND GAS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

  
2.5

Intangible Assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life of 20 years.

Page 4

 
WEST HIGHLAND GAS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Heritable property
-
Nil% or 10% straight line over the life of the lease
Plant and machinery
-
25% straight line
Motor vehicles
-
25% straight line
Fixtures, fittings and equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
WEST HIGHLAND GAS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2022 - 9).


4.


Intangible assets




Goodwill

£



Cost


At 1 July 2022
95,000



At 30 June 2023

95,000



Amortisation


At 1 July 2022
95,000



At 30 June 2023

95,000



Net book value



At 30 June 2023
-



At 30 June 2022
-



Page 6

 
WEST HIGHLAND GAS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Heritable property
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2022
111,668
3,119
182,321
14,702
311,810


Transfers intra group
(75,000)
-
-
-
(75,000)



At 30 June 2023

36,668
3,119
182,321
14,702
236,810



Depreciation


At 1 July 2022
26,601
3,119
157,202
14,702
201,624


Charge for the year on owned assets
1,678
-
7,687
-
9,365



At 30 June 2023

28,279
3,119
164,889
14,702
210,989



Net book value



At 30 June 2023
8,389
-
17,432
-
25,821



At 30 June 2022
85,067
-
25,119
-
110,186




6.


Debtors

2023
2022
£
£


Trade debtors
81,810
93,690

Other debtors
424,941
393,387

Prepayments and accrued income
10,626
-

517,377
487,077


Page 7

 
WEST HIGHLAND GAS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
746
9,071

Bank loans
10,000
10,000

Trade creditors
130,308
112,941

Other taxation and social security
17,640
22,691

Obligations under finance lease and hire purchase contracts
3,435
4,407

Other creditors
41,510
67,976

Accruals and deferred income
7,825
3,875

211,464
230,961


The following liabilities disclosed under creditors falling due within one year are secured by the company:
Hire purchase agreements - £3,435 (2022 - £4,407)


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,000
30,000

Net obligations under finance leases and hire purchase contracts
-
3,435

20,000
33,435


The following liabilities disclosed under creditors falling due after more than one year are secured by the company:
Hire purchase agreements - £Nil (2022 - £3,435)


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000
4,000 (2022 - 4,000) Preference shares of £1.00 each
4,000
4,000

5,000

5,000



Page 8