IRIS Accounts Production v24.2.0.383 14131092 director 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure141310922023-05-31141310922024-05-31141310922023-06-012024-05-31141310922022-05-24141310922022-05-252023-05-31141310922023-05-3114131092ns16:EnglandWales2023-06-012024-05-3114131092ns15:PoundSterling2023-06-012024-05-3114131092ns11:Director12023-06-012024-05-3114131092ns11:PrivateLimitedCompanyLtd2023-06-012024-05-3114131092ns11:SmallEntities2023-06-012024-05-3114131092ns11:AuditExemptWithAccountantsReport2023-06-012024-05-3114131092ns11:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3114131092ns11:SmallCompaniesRegimeForAccounts2023-06-012024-05-3114131092ns11:FullAccounts2023-06-012024-05-311413109212023-06-012024-05-3114131092ns11:RegisteredOffice2023-06-012024-05-3114131092ns6:CurrentFinancialInstruments2024-05-3114131092ns6:CurrentFinancialInstruments2023-05-3114131092ns6:ShareCapital2024-05-3114131092ns6:ShareCapital2023-05-3114131092ns6:RetainedEarningsAccumulatedLosses2024-05-3114131092ns6:RetainedEarningsAccumulatedLosses2023-05-3114131092ns6:NetGoodwill2023-06-012024-05-3114131092ns6:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3114131092ns6:PlantMachinery2023-06-012024-05-3114131092ns6:NetGoodwill2023-05-3114131092ns6:NetGoodwill2024-05-3114131092ns6:NetGoodwill2023-05-3114131092ns6:PlantMachinery2023-05-3114131092ns6:PlantMachinery2024-05-3114131092ns6:PlantMachinery2023-05-31
REGISTERED NUMBER: 14131092 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Highdown Agility Ltd

Highdown Agility Ltd (Registered number: 14131092)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Highdown Agility Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Miss M J Clark





REGISTERED OFFICE: 17 Beacon Way
Littlehampton
BN17 6QS





REGISTERED NUMBER: 14131092 (England and Wales)





ACCOUNTANTS: Year-End Resolutions Ltd
177 Nyetimber Lane
Bognor Regis
West Sussex
PO21 3HT

Highdown Agility Ltd (Registered number: 14131092)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,000 49,500
Tangible assets 5 6,733 4,101
50,733 53,601

CURRENT ASSETS
Cash at bank 2,619 1,622

CREDITORS
Amounts falling due within one year 6 13,082 54,435
NET CURRENT LIABILITIES (10,463 ) (52,813 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,270

788

PROVISIONS FOR LIABILITIES 1,374 779
NET ASSETS 38,896 9

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 38,895 8
SHAREHOLDERS' FUNDS 38,896 9

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:



Miss M J Clark - Director


Highdown Agility Ltd (Registered number: 14131092)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Highdown Agility 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Highdown Agility Ltd (Registered number: 14131092)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 55,000
AMORTISATION
At 1 June 2023 5,500
Charge for year 5,500
At 31 May 2024 11,000
NET BOOK VALUE
At 31 May 2024 44,000
At 31 May 2023 49,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 5,468
Additions 4,970
At 31 May 2024 10,438
DEPRECIATION
At 1 June 2023 1,367
Charge for year 2,338
At 31 May 2024 3,705
NET BOOK VALUE
At 31 May 2024 6,733
At 31 May 2023 4,101

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 12,386 9,828
Other creditors 696 44,607
13,082 54,435

7. ULTIMATE CONTROLLING PARTY

The controlling party is Miss M J Clark.

The ultimate controlling party is Miss M J Clark.

Highdown Agility Ltd

Report of the Accountants to the Director of
Highdown Agility Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Year-End Resolutions Ltd
177 Nyetimber Lane
Bognor Regis
West Sussex
PO21 3HT


Date: .............................................