Company registration number 12144290 (England and Wales)
HIGH LEVEL MAINTENANCE SOLUTIONS (SOUTHERN) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2023
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
HIGH LEVEL MAINTENANCE SOLUTIONS (SOUTHERN) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HIGH LEVEL MAINTENANCE SOLUTIONS (SOUTHERN) LIMITED
BALANCE SHEET
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
3,659
179
Cash at bank and in hand
1,044
1,170
4,703
1,349
Creditors: amounts falling due within one year
4
(2,772)
(2,318)
Net current assets/(liabilities)
1,931
(969)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
1,930
(970)
Total equity
1,931
(969)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial 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.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 16 April 2024
Mr C Lilley
Director
Company registration number 12144290 (England and Wales)
HIGH LEVEL MAINTENANCE SOLUTIONS (SOUTHERN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information
High Level Maintenance Solutions (Southern) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 46 Bure Haven Drive, Mudeford, Christchurch, Dorset, BH23 4BT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Financial instruments
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
1.5
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
HIGH LEVEL MAINTENANCE SOLUTIONS (SOUTHERN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
3,659
179
4
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,641
900
Other creditors
1,131
1,418
2,772
2,318
5
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Loan to Director
-
(47)
5,143
(1,437)
3,659
(47)
5,143
(1,437)
3,659