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REGISTERED NUMBER: 08086516 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

HIGHFIELD PRACTICE LIMITED

HIGHFIELD PRACTICE LIMITED (REGISTERED NUMBER: 08086516)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HIGHFIELD PRACTICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Dr S Singh



SECRETARY: Dr P S Singh



REGISTERED OFFICE: 5 Monks Croft Avenue
Barrow in Furness
Cumbria
LA14 1EP



BUSINESS ADDRESS: 31 Oxford Street
Barrow-in-Furness
Cumbria
LA14 5QJ



REGISTERED NUMBER: 08086516 (England and Wales)



BANKERS: The Royal Bank of Scotland plc
234-236 Dalton Road
Barrow in Furness
Cumbria

HIGHFIELD PRACTICE LIMITED (REGISTERED NUMBER: 08086516)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 187,850 204,100
Tangible assets 5 69,928 12,110
257,778 216,210

CURRENT ASSETS
Debtors 226,127 105,212
Cash at bank and in hand 150,280 352,014
376,407 457,226
CREDITORS
Amounts falling due within one year 77,587 110,927
NET CURRENT ASSETS 298,820 346,299
TOTAL ASSETS LESS CURRENT
LIABILITIES

556,598

562,509

CREDITORS
Amounts falling due after more than one
year

72,000

-
NET ASSETS 484,598 562,509

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 484,498 562,409
SHAREHOLDERS' FUNDS 484,598 562,509

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

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

HIGHFIELD PRACTICE LIMITED (REGISTERED NUMBER: 08086516)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Dr S Singh - Director


HIGHFIELD PRACTICE LIMITED (REGISTERED NUMBER: 08086516)

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

1. STATUTORY INFORMATION

Highfield Practice 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 presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 16 (2022 - 15 ) .

HIGHFIELD PRACTICE LIMITED (REGISTERED NUMBER: 08086516)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 325,000
AMORTISATION
At 1 November 2022 120,900
Amortisation for year 16,250
At 31 October 2023 137,150
NET BOOK VALUE

At 31 October 2023 187,850
At 31 October 2022 204,100

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 22,903
Additions 84,338
At 31 October 2023 107,241
DEPRECIATION
At 1 November 2022 10,793
Charge for year 26,520
At 31 October 2023 37,313
NET BOOK VALUE
At 31 October 2023 69,928
At 31 October 2022 12,110

The net book value of tangible fixed assets includes £54,750 (2022: £nil) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £18,250 (2022: £nil) for the financial year.

6. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Hire purchase contracts 72,000 -

The Royal Bank of Scotland PLC have a fixed and floating charge over the undertaking and all property and assets present and in the future, including goodwill, uncalled capital, buildings, fixtures, fixed plant and machinery.

HIGHFIELD PRACTICE LIMITED (REGISTERED NUMBER: 08086516)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary A £1 100 100

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr S Singh.