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REGISTERED NUMBER: 07458123 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE HIGHWAY COVENTRY LTD

THE HIGHWAY COVENTRY LTD (REGISTERED NUMBER: 07458123)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE HIGHWAY COVENTRY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A S Deol
M Heer
G Shergill





REGISTERED OFFICE: 434 Foleshill Road
Coventry
West Midlands
CV6 5JX





REGISTERED NUMBER: 07458123 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

THE HIGHWAY COVENTRY LTD (REGISTERED NUMBER: 07458123)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 457,772 457,772
457,772 457,772

CURRENT ASSETS
Debtors 6 4,098 3,653
Cash at bank and in hand 38,164 32,465
42,262 36,118
CREDITORS
Amounts falling due within one year 7 585,632 556,416
NET CURRENT LIABILITIES (543,370 ) (520,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(85,598

)

(62,526

)

CREDITORS
Amounts falling due after more than one
year

8

110,606

126,504
NET LIABILITIES (196,204 ) (189,030 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (196,208 ) (189,034 )
(196,204 ) (189,030 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

THE HIGHWAY COVENTRY LTD (REGISTERED NUMBER: 07458123)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





A S Deol - Director


THE HIGHWAY COVENTRY LTD (REGISTERED NUMBER: 07458123)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

The Highway Coventry 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.

Going concern
Based on the continuing support of the company's bank, the director is of the opinion the company is a going concern and therefore the accounts have been prepared on this basis.

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

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.

Intangible asset are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% Straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 25% Straight line

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

THE HIGHWAY COVENTRY LTD (REGISTERED NUMBER: 07458123)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Intangible
asset
£   
COST
At 1 January 2023
and 31 December 2023 5,000
AMORTISATION
At 1 January 2023
and 31 December 2023 5,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 457,772 566 36,271 3,995 498,604
DEPRECIATION
At 1 January 2023
and 31 December 2023 - 566 36,271 3,995 40,832
NET BOOK VALUE
At 31 December 2023 457,772 - - - 457,772
At 31 December 2022 457,772 - - - 457,772

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,218 1,868
Prepayments and accrued income 880 1,785
4,098 3,653

THE HIGHWAY COVENTRY LTD (REGISTERED NUMBER: 07458123)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 23,395 23,395
Trade creditors 7,306 6,722
Social security & other taxes 4,271 4,271
VAT 18,883 17,377
Other creditors 40,800 40,800
Directors' loan accounts 489,652 462,651
Accrued expenses 1,325 1,200
585,632 556,416

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 110,606 126,504