Company Registration No. 07724673 (England and Wales)
High Level Drive Express Ltd
Unaudited accounts
for the year ended 31 July 2024
High Level Drive Express Ltd
Unaudited accounts
Contents
High Level Drive Express Ltd
Company Information
for the year ended 31 July 2024
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
High Level Drive Express Ltd
Statement of financial position
as at 31 July 2024
Intangible assets
240,000
240,000
Tangible assets
56,979
51,578
Cash at bank and in hand
4,936
10,450
Creditors: amounts falling due within one year
(88,205)
(58,555)
Net current liabilities
(28,825)
(6,916)
Total assets less current liabilities
268,154
284,662
Creditors: amounts falling due after more than one year
(53,712)
(64,356)
Net assets
214,442
220,306
Called up share capital
1,000
1,000
Revaluation reserve
200,000
200,000
Profit and loss account
13,442
19,306
Shareholders' funds
214,442
220,306
For the year ending 31 July 2024 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 5 September 2024 and were signed on its behalf by
Mr Retnasingam Nirmalan
Director
Company Registration No. 07724673
High Level Drive Express Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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:
4
Intangible fixed assets
Goodwill
Other
Total
At 1 August 2023
40,000
200,000
240,000
At 31 July 2024
40,000
200,000
240,000
At 31 July 2024
40,000
200,000
240,000
At 31 July 2023
40,000
200,000
240,000
High Level Drive Express Ltd
Notes to the Accounts
for the year ended 31 July 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2023
33,124
77,250
110,374
At 31 July 2024
33,124
91,035
124,159
At 1 August 2023
14,647
44,149
58,796
Charge for the year
3,695
4,689
8,384
At 31 July 2024
18,342
48,838
67,180
At 31 July 2024
14,782
42,197
56,979
At 31 July 2023
18,477
33,101
51,578
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,645
4,591
Taxes and social security
3,181
4,726
Other creditors
83,379
49,238
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
36,000
36,000
9
Average number of employees
During the year the average number of employees was 7 (2023: 4).