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REGISTERED NUMBER: SC493542 (Scotland)















Financial Statements for the Year Ended 31 December 2023

for

Highland Design Engineering Limited
Trading as
4C Engineering

Highland Design Engineering Limited (Registered number: SC493542)
Trading as 4C Engineering






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Highland Design Engineering Limited
Trading as 4C Engineering

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Hall
B J Wilson
P M Macdonald





REGISTERED OFFICE: Solasta House
8 Inverness Campus
Inverness
IV2 5NA





REGISTERED NUMBER: SC493542 (Scotland)





ACCOUNTANTS: Highland Accountancy Practice
Chartered Accountants
Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA

Highland Design Engineering Limited (Registered number: SC493542)
Trading as 4C Engineering

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,949 7,904
9,949 7,904

CURRENT ASSETS
Stocks 1,150 1,150
Debtors 40,682 129,177
Cash at bank and in hand 211,505 157,999
253,337 288,326
CREDITORS
Amounts falling due within one year 20,351 33,129
NET CURRENT ASSETS 232,986 255,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,935

263,101

PROVISIONS FOR LIABILITIES 1,890 1,501
NET ASSETS 241,045 261,600

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 240,945 261,500
SHAREHOLDERS' FUNDS 241,045 261,600

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.

Highland Design Engineering Limited (Registered number: SC493542)
Trading as 4C Engineering

Abridged 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.

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

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 20 September 2024 and were signed on its behalf by:




A Hall - Director



B J Wilson - Director


Highland Design Engineering Limited (Registered number: SC493542)
Trading as 4C Engineering

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Highland Design Engineering Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, was amortised evenly over its estimated useful life of three 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 reducing balance
Office Equipment - 20% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

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.

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.

Highland Design Engineering Limited (Registered number: SC493542)
Trading as 4C Engineering

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 12,000
AMORTISATION
At 1 January 2023
and 31 December 2023 12,000
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 35,854
Additions 6,269
At 31 December 2023 42,123
DEPRECIATION
At 1 January 2023 27,950
Charge for year 4,224
At 31 December 2023 32,174
NET BOOK VALUE
At 31 December 2023 9,949
At 31 December 2022 7,904