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REGISTERED NUMBER: SC453996 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

HIGHLAND DECORATING SERVICES LTD

HIGHLAND DECORATING SERVICES LTD (REGISTERED NUMBER: SC453996)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGHLAND DECORATING SERVICES LTD

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: N J MacPhee
J D Stewart





REGISTERED OFFICE: 9B Carsegate Road
Inverness
IV3 8EX





REGISTERED NUMBER: SC453996 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

HIGHLAND DECORATING SERVICES LTD (REGISTERED NUMBER: SC453996)

Balance Sheet
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,674 76,435

CURRENT ASSETS
Debtors 5 35,435 28,856
Cash at bank and in hand 23,199 36,175
58,634 65,031
CREDITORS
Amounts falling due within one year 6 93,269 54,764
NET CURRENT (LIABILITIES)/ASSETS (34,635 ) 10,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,039

86,702

CREDITORS
Amounts falling due after more than one year 7 (13,304 ) (30,702 )

PROVISIONS FOR LIABILITIES 8 (12,870 ) (12,936 )
NET ASSETS 6,865 43,064

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,765 42,964
6,865 43,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

HIGHLAND DECORATING SERVICES LTD (REGISTERED NUMBER: SC453996)

Balance Sheet - continued
30 SEPTEMBER 2024


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 9 November 2024 and were signed on its behalf by:




N J MacPhee - Director



J D Stewart - Director


HIGHLAND DECORATING SERVICES LTD (REGISTERED NUMBER: SC453996)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Highland Decorating Services 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 33% on cost and 20% on cost

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.

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.

HIGHLAND DECORATING SERVICES LTD (REGISTERED NUMBER: SC453996)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 11,400 153,324 164,724
Additions 2,900 13,853 16,753
At 30 September 2024 14,300 167,177 181,477
DEPRECIATION
At 1 October 2023 7,599 80,690 88,289
Charge for year 1,011 24,503 25,514
At 30 September 2024 8,610 105,193 113,803
NET BOOK VALUE
At 30 September 2024 5,690 61,984 67,674
At 30 September 2023 3,801 72,634 76,435

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 83,135
Additions 10,853
At 30 September 2024 93,988
DEPRECIATION
At 1 October 2023
and 30 September 2024 33,254
NET BOOK VALUE
At 30 September 2024 60,734
At 30 September 2023 49,881

HIGHLAND DECORATING SERVICES LTD (REGISTERED NUMBER: SC453996)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Trade debtors 21,019 27,237
VAT 14,416 -
Prepayments and accrued income - 1,208
35,435 28,445

Amounts falling due after more than one year:
Other debtors - 411

Aggregate amounts 35,435 28,856

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 12,580 16,743
Trade creditors 21,066 17,836
Tax 95,625 93,098
Social security and other taxes (50,950 ) (76,440 )
VAT - 2,200
Directors' current accounts 12,139 -
Accrued expenses 2,809 1,327
93,269 54,764

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 13,304 19,187
Other creditors - 11,515
13,304 30,702

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 12,870 12,936

HIGHLAND DECORATING SERVICES LTD (REGISTERED NUMBER: SC453996)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 12,936
Provided during year (66 )
Balance at 30 September 2024 12,870