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REGISTERED NUMBER: SC305146 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Highland Ice Ltd

Highland Ice Ltd (Registered number: SC305146)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Highland Ice Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: G J Mckie





REGISTERED OFFICE: 17 Mill Bank Road
Dingwall
Ross-shire
IV15 9UH





REGISTERED NUMBER: SC305146 (Scotland)





ACCOUNTANTS: Mackay & Co CA
3 Fodderty Way
Dingwall
Ross-shire
IV15 9XB

Highland Ice Ltd (Registered number: SC305146)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,430 61,615

CURRENT ASSETS
Debtors 5 9,045 17,004
Cash at bank 47,311 20,505
56,356 37,509
CREDITORS
Amounts falling due within one year 6 26,652 31,380
NET CURRENT ASSETS 29,704 6,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,134

67,744

PROVISIONS FOR LIABILITIES 5,286 12,323
NET ASSETS 50,848 55,421

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,748 55,321
50,848 55,421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Highland Ice Ltd (Registered number: SC305146)

Balance Sheet - continued
30 November 2023


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 23 August 2024 and were signed by:





G J Mckie - Director


Highland Ice Ltd (Registered number: SC305146)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Highland Ice Ltd is a private company, limited by shares , registered in Scotland. 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.

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 - 15% on reducing balance

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 NIL (2022 - NIL).

Highland Ice Ltd (Registered number: SC305146)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 157,297
Additions 18,100
Disposals (111,439 )
At 30 November 2023 63,958
DEPRECIATION
At 1 December 2022 95,682
Charge for year 4,686
Eliminated on disposal (62,840 )
At 30 November 2023 37,528
NET BOOK VALUE
At 30 November 2023 26,430
At 30 November 2022 61,615

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 8,726 8,196
Other debtors 319 8,808
9,045 17,004

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 98 12,964
Taxation and social security 6,258 -
Other creditors 20,296 18,416
26,652 31,380