1 March 2023 v2024.53.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP043686882023-03-012024-02-29043686882024-02-29043686882023-02-2804368688core:WithinOneYear2024-02-2904368688core:WithinOneYear2023-02-2804368688core:ShareCapital2024-02-2904368688core:ShareCapital2023-02-2804368688core:RetainedEarningsAccumulatedLosses2024-02-2904368688core:RetainedEarningsAccumulatedLosses2023-02-2804368688bus:Director12023-03-012024-02-2904368688bus:RegisteredOffice2023-03-012024-02-2904368688core:PlantMachinery2023-03-012024-02-2904368688core:FurnitureFittings2023-03-012024-02-29043686882022-03-012023-02-2804368688core:PlantMachinery2023-03-0104368688core:PlantMachinery2024-02-2904368688core:PlantMachinery2023-02-2804368688core:BetweenOneFiveYears2024-02-2904368688core:BetweenOneFiveYears2023-02-280436868812023-03-012024-02-2904368688countries:EnglandWales2023-03-012024-02-2904368688bus:AuditExemptWithAccountantsReport2023-03-012024-02-2904368688bus:PrivateLimitedCompanyLtd2023-03-012024-02-2904368688bus:SmallEntities2023-03-012024-02-2904368688bus:FullAccounts2023-03-012024-02-29
Company registration number:
04368688
Highbeech Consultancy Limited
Unaudited Filleted Financial Statements for the year ended
29 February 2024
DHF Accounting Limited
20 Market Street, Altrincham, Cheshire, WA14 1PF, United Kingdom
Highbeech Consultancy Limited
Statement of Financial Position
29 February 2024
20242023
Note££
Fixed assets    
Tangible assets 5
52
 
685
 
Current assets    
Debtors 6
28,947
 
46,436
 
Cash at bank and in hand
85,684
 
90,502
 
114,631
 
136,938
 
Creditors: amounts falling due within one year 7
(8,835
)
(4,273
)
Net current assets
105,796
 
132,665
 
Total assets less current liabilities 105,848   133,350  
Provisions for liabilities
(10
)
(115
)
Net assets
105,838
 
133,235
 
Capital and reserves    
Called up share capital
80,000
 
80,000
 
Profit and loss account
25,838
 
53,235
 
Shareholders funds
105,838
 
133,235
 
For the year ending
29 February 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
25 October 2024
, and are signed on behalf of the board by:
N Whittaker
Director
Company registration number:
04368688
Highbeech Consultancy Limited
Notes to the Financial Statements
Year ended
29 February 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Level 10, Tower 12 18-22 Bridge Street
,
Manchester
,
M3 3BZ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
33% on cost
Fixtures and fittings
33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2023:
4
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 March 2023
69,682
 
Disposals
(60,442
)
At
29 February 2024
9,240
 
Depreciation  
At
1 March 2023
68,997
 
Charge
633
 
Disposals
(60,442
)
At
29 February 2024
9,188
 
Carrying amount  
At
29 February 2024
52
 
At 28 February 2023
685
 

6 Debtors

20242023
££
Trade debtors
11,250
 
40,738
 
Other debtors
17,697
 
5,698
 
28,947
 
46,436
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
1,164
 
1,591
 
Taxation and social security
3,805
 
(6,062
)
Other creditors
3,866
 
8,744
 
8,835
 
4,273
 

8 Operating leases

The company as lessee    
20242023
££
Not later than 1 year
32,681
 
32,457.00
 
Later than 1 year and not later than 5 years
21,514
 
51,187.00
 
54,195
 
83,644