1 August 2022 false No description of principal activity Taxfiler 2024.4 07724673business:PrivateLimitedCompanyLtd2022-08-012023-07-31 077246732022-07-31 077246732022-08-012023-07-31 07724673business:AuditExemptWithAccountantsReport2022-08-012023-07-31 07724673business:FilletedAccounts2022-08-012023-07-31 077246732023-07-31 07724673business:Director12022-08-012023-07-31 07724673business:RegisteredOffice2022-08-012023-07-31 077246732022-07-31 07724673core:WithinOneYear2023-07-31 07724673core:WithinOneYear2022-07-31 07724673core:AfterOneYear2023-07-31 07724673core:AfterOneYear2022-07-31 07724673core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 07724673core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 07724673core:RevaluationReservecore:PreviouslyStatedAmount2023-07-31 07724673core:RevaluationReservecore:PreviouslyStatedAmount2022-07-31 07724673core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 07724673core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 07724673core:PreviouslyStatedAmount2023-07-31 07724673core:PreviouslyStatedAmount2022-07-31 07724673business:SmallEntities2022-08-012023-07-31 07724673countries:EnglandWales2022-08-012023-07-31 07724673core:MotorVehicles2022-08-012023-07-31 07724673core:FurnitureFittings2022-08-012023-07-31 07724673core:Goodwill2022-07-31 07724673core:IntangibleAssetsOtherThanGoodwill2022-07-31 07724673core:Goodwill2023-07-31 07724673core:IntangibleAssetsOtherThanGoodwill2023-07-31 07724673core:MotorVehicles2022-07-31 07724673core:FurnitureFittings2022-07-31 07724673core:MotorVehicles2023-07-31 07724673core:FurnitureFittings2023-07-31 077246732021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 07724673 (England and Wales)
High Level Drive Express Ltd Unaudited accounts for the year ended 31 July 2023
High Level Drive Express Ltd Unaudited accounts Contents
Page
- 2 -
High Level Drive Express Ltd Company Information for the year ended 31 July 2023
Director
Mr Retnasingam Nirmalan
Company Number
07724673 (England and Wales)
Registered Office
77 Egham Crescent Cheam Sutton SM3 9AP
Accountants
Accountancy Plus Chartered Management Accountants 77 Egham Crescent Cheam Sutton SM3 9AP
- 3 -
High Level Drive Express Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
240,000 
240,000 
Tangible assets
51,578 
59,875 
291,578 
299,875 
Current assets
Inventories
38,700 
44,550 
Debtors
2,489 
192 
Cash at bank and in hand
10,450 
9,094 
51,639 
53,836 
Creditors: amounts falling due within one year
(86,911)
(90,088)
Net current liabilities
(35,272)
(36,252)
Total assets less current liabilities
256,306 
263,623 
Creditors: amounts falling due after more than one year
(36,000)
(36,000)
Net assets
220,306 
227,623 
Capital and reserves
Called up share capital
1,000 
1,000 
Revaluation reserve
200,000 
200,000 
Profit and loss account
19,306 
26,623 
Shareholders' funds
220,306 
227,623 
For the year ending 31 July 2023 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 31 July 2024 and were signed on its behalf by
Mr Retnasingam Nirmalan Director Company Registration No. 07724673
- 4 -
High Level Drive Express Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
High Level Drive Express Ltd is a private company, limited by shares, registered in England and Wales, registration number 07724673. The registered office is 77 Egham Crescent, Cheam, Sutton, SM3 9AP.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25
Fixtures & fittings
25
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 August 2022
40,000 
200,000 
240,000 
At 31 July 2023
40,000 
200,000 
240,000 
Amortisation
At 1 August 2022
- 
- 
- 
At 31 July 2023
- 
- 
- 
Net book value
At 31 July 2023
40,000 
200,000 
240,000 
At 31 July 2022
40,000 
200,000 
240,000 
- 5 -
High Level Drive Express Ltd Notes to the Accounts for the year ended 31 July 2023
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
33,124 
77,250 
110,374 
At 31 July 2023
33,124 
77,250 
110,374 
Depreciation
At 1 August 2022
10,028 
40,471 
50,499 
Charge for the year
4,619 
3,678 
8,297 
At 31 July 2023
14,647 
44,149 
58,796 
Net book value
At 31 July 2023
18,477 
33,101 
51,578 
At 31 July 2022
23,096 
36,779 
59,875 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
232 
192 
Amounts falling due after more than one year
Other debtors
2,257 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
4,591 
1,501 
Taxes and social security
4,726 
5,512 
Other creditors
77,594 
83,075 
86,911 
90,088 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
36,000 
36,000 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
- 6 -