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REGISTERED NUMBER: 06475742 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

High Level Contracts Limited

High Level Contracts Limited (Registered number: 06475742)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


High Level Contracts Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D N Farrell
H S Jeavans
C W Jeavans
L A Walker





REGISTERED OFFICE: Unit 32
Atley Business Park
Atley Way
Cramlington
Northumberland
NE23 1WP





REGISTERED NUMBER: 06475742 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
High Level Contracts Limited

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of High Level Contracts Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of High Level Contracts Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of High Level Contracts Limited and state those matters that we have agreed to state to the Board of Directors of High Level Contracts Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than High Level Contracts Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that High Level Contracts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of High Level Contracts Limited. You consider that High Level Contracts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of High Level Contracts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


21 August 2024

High Level Contracts Limited (Registered number: 06475742)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,941 29,475

CURRENT ASSETS
Stocks 5 15,768 9,680
Debtors 6 1,791,040 1,010,949
Cash at bank and in hand 712,803 531,237
2,519,611 1,551,866
CREDITORS
Amounts falling due within one year 7 941,498 470,835
NET CURRENT ASSETS 1,578,113 1,081,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,620,054

1,110,506

PROVISIONS FOR LIABILITIES 10,485 5,600
NET ASSETS 1,609,569 1,104,906

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,609,469 1,104,806
SHAREHOLDERS' FUNDS 1,609,569 1,104,906

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

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

The directors acknowledge their 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.

High Level Contracts Limited (Registered number: 06475742)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





H S Jeavans - Director


High Level Contracts Limited (Registered number: 06475742)

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

1. STATUTORY INFORMATION

High Level Contracts Limited 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.

The financial statements are prepared in sterling, which is the functional currency of the entity and are rounded to the nearest pound.

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 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 discounts, value added tax and other taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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 - 20% on reducing balance per annum
Motor vehicles - 20% on reducing balance per annum

Tangible assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


High Level Contracts Limited (Registered number: 06475742)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 21,656 32,194 53,850
Additions 5,105 17,765 22,870
Disposals - (9,194 ) (9,194 )
At 31 March 2024 26,761 40,765 67,526
DEPRECIATION
At 1 April 2023 11,262 13,113 24,375
Charge for year 2,245 7,172 9,417
Eliminated on disposal - (8,207 ) (8,207 )
At 31 March 2024 13,507 12,078 25,585
NET BOOK VALUE
At 31 March 2024 13,254 28,687 41,941
At 31 March 2023 10,394 19,081 29,475

High Level Contracts Limited (Registered number: 06475742)

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

5. STOCKS
2024 2023
£    £   
Stocks 15,768 9,680

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,626,986 924,913
Other debtors 16,567 16,567
Directors' current accounts 12 12
VAT 128,126 61,684
Prepayments 19,349 7,773
1,791,040 1,010,949

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 560,585 324,194
Tax 280,588 73,416
Social security and other taxes 58,153 38,829
Pension 84 -
Directors' current accounts 3,481 3,481
Accrued expenses 38,607 30,915
941,498 470,835