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REGISTERED NUMBER: SC760154 (Scotland)















HIGHLAND TRUCKSTOPS LTD

Unaudited Financial Statements

for the Period 24 February 2023 to 31 March 2024






HIGHLAND TRUCKSTOPS LTD (REGISTERED NUMBER: SC760154)






Contents of the Financial Statements
for the period 24 February 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


HIGHLAND TRUCKSTOPS LTD

Company Information
for the period 24 February 2023 to 31 March 2024







Directors: B J Grantham
W Baylis





Registered office: Newtonmore Grill
Old Perth Road
Newtonmore
PH20 1BB





Registered number: SC760154 (Scotland)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

HIGHLAND TRUCKSTOPS LTD (REGISTERED NUMBER: SC760154)

Balance Sheet
31 March 2024

Notes £ £
Fixed assets
Tangible assets 4 255,060

Current assets
Stocks 15,250
Debtors 5 33,954
Cash at bank and in hand 52,613
101,817
Creditors
Amounts falling due within one year 6 163,915
Net current liabilities (62,098 )
Total assets less current liabilities 192,962

Creditors
Amounts falling due after more than one year 7 131,000
Net assets 61,962

Capital and reserves
Called up share capital 100
Retained earnings 61,862
Shareholders' funds 61,962

HIGHLAND TRUCKSTOPS LTD (REGISTERED NUMBER: SC760154)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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 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 22 August 2024 and were signed on its behalf by:




B J Grantham - Director



W Baylis - Director


HIGHLAND TRUCKSTOPS LTD (REGISTERED NUMBER: SC760154)

Notes to the Financial Statements
for the period 24 February 2023 to 31 March 2024

1. Statutory information

Highland Truckstops 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

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 period 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 11 .

HIGHLAND TRUCKSTOPS LTD (REGISTERED NUMBER: SC760154)

Notes to the Financial Statements - continued
for the period 24 February 2023 to 31 March 2024

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£ £ £
Cost
Additions 220,000 45,616 265,616
At 31 March 2024 220,000 45,616 265,616
Depreciation
Charge for period - 10,556 10,556
At 31 March 2024 - 10,556 10,556
Net book value
At 31 March 2024 220,000 35,060 255,060

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
Cost
Additions 7,843
At 31 March 2024 7,843
Depreciation
Charge for period 1,961
At 31 March 2024 1,961
Net book value
At 31 March 2024 5,882

5. Debtors: amounts falling due within one year
£
Trade debtors 28,547
Other debtors 5,407
33,954

6. Creditors: amounts falling due within one year
£
Hire purchase contracts 1,711
Trade creditors 10,469
Taxation and social security 33,229
Other creditors 118,506
163,915

7. Creditors: amounts falling due after more than one year
£
Other creditors 131,000

HIGHLAND TRUCKSTOPS LTD (REGISTERED NUMBER: SC760154)

Notes to the Financial Statements - continued
for the period 24 February 2023 to 31 March 2024

8. Secured debts

A charge has been registered on 19 April 2023 over the company in respect of the freehold property.