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HIGHLAND HERITAGE WOODWORKS LIMITED

Registered Number
SC690538
(Scotland)

Unaudited Financial Statements for the Year ended
29 February 2024

HIGHLAND HERITAGE WOODWORKS LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

BALAMS, Armands
PHILLIPS, Guy Matthew

Registered Address

Dairy Buildings
Dunecht Estate
Dunecht
AB32 7DD

Registered Number

SC690538 (Scotland)
HIGHLAND HERITAGE WOODWORKS LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3156,27425,694
156,27425,694
Current assets
Stocks447,80020,000
Debtors568,19983,410
Cash at bank and on hand5,9906,018
121,989109,428
Creditors amounts falling due within one year6(37,317)(38,426)
Net current assets (liabilities)84,67271,002
Total assets less current liabilities240,94696,696
Creditors amounts falling due after one year7(218,496)(54,996)
Net assets22,45041,700
Capital and reserves
Called up share capital100100
Profit and loss account22,35041,600
Shareholders' funds22,45041,700
The financial statements were approved and authorised for issue by the Board of Directors on 22 October 2024, and are signed on its behalf by:
PHILLIPS, Guy Matthew
Director
Registered Company No. SC690538
HIGHLAND HERITAGE WOODWORKS LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant & Machinery 2,3,5,10 and 15 years straight line.

Straight line (years)
Land and buildings10
Plant and machinery15
Vehicles2
Office Equipment2
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year54
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 March 23-43,960--43,960
Additions28,239119,9831,250529150,001
Disposals-(1,667)--(1,667)
At 29 February 2428,239162,2761,250529192,294
Depreciation and impairment
At 01 March 23-18,266--18,266
Charge for year85916,2865218817,754
At 29 February 2485934,5525218836,020
Net book value
At 29 February 2427,380127,724729441156,274
At 28 February 23-25,694--25,694
4.Stocks

2024

2023

££
Raw materials and consumables47,80020,000
Total47,80020,000
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables45,23262,110
Amounts owed by associates and joint ventures / participating interests21,30021,300
Prepayments and accrued income1,667-
Total68,19983,410
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,1503,035
Taxation and social security1,43516,062
Other creditors646680
Accrued liabilities and deferred income26,08618,649
Total37,31738,426
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts48,500-
Amounts owed to related parties169,99654,996
Total218,49654,996