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REGISTERED NUMBER: SC592920 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HIGHLAND TRAILER LIMITED

HIGHLAND TRAILER LIMITED (REGISTERED NUMBER: SC592920)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGHLAND TRAILER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr C MacLean



REGISTERED OFFICE: Slochd Mhor Lodge
Carrbridge
PH23 3AY



REGISTERED NUMBER: SC592920 (Scotland)



ACCOUNTANTS: Ross + Co Accountancy Limited
31 Strathspey Avenue
Aviemore
PH22 1SN



BANKERS: The Royal Bank of Scotland
29 Harbour Road
Inverness
IV1 1NU

HIGHLAND TRAILER LIMITED (REGISTERED NUMBER: SC592920)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,985 35,812

CURRENT ASSETS
Stocks 9,807 5,500
Debtors 5 10,126 4,764
Cash at bank and in hand 5 7,446
19,938 17,710
CREDITORS
Amounts falling due within one year 6 24,291 19,441
NET CURRENT LIABILITIES (4,353 ) (1,731 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,632 34,081

CREDITORS
Amounts falling due after more than one
year

7

(20,322

)

(27,754

)

PROVISIONS FOR LIABILITIES 8 (3,266 ) (4,623 )
NET ASSETS 44 1,704

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 9 1 1
Profit and loss account - distributable 43 1,703
SHAREHOLDERS' FUNDS 44 1,704

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 TRAILER LIMITED (REGISTERED NUMBER: SC592920)

BALANCE SHEET - continued
31 MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2024 and were signed by:





Mr C MacLean - Director


HIGHLAND TRAILER LIMITED (REGISTERED NUMBER: SC592920)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Highland Trailer 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

HIGHLAND TRAILER LIMITED (REGISTERED NUMBER: SC592920)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 58,297
DEPRECIATION
At 1 April 2023 22,485
Charge for year 7,827
At 31 March 2024 30,312
NET BOOK VALUE
At 31 March 2024 27,985
At 31 March 2023 35,812

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,275 3,250
Other debtors 6,851 1,514
10,126 4,764

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,390 -
Trade creditors 2,902 605
Taxation and social security 5,866 4,068
Other creditors 13,133 14,768
24,291 19,441

Included in Other Creditors is the Bounce Back Loan of £2,982 (2023: £2,982) and other business loan of £6,426 (2023: £9,150).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 20,322 27,754

Other creditors is made up of a Bounce Back Loan of £3,535 (2023:£6,318) and other business loan of £16,787 (2023: £21,436).

HIGHLAND TRAILER LIMITED (REGISTERED NUMBER: SC592920)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,266 4,623

Deferred
tax
£   
Balance at 1 April 2023 4,623
Provided during year (1,357 )
Balance at 31 March 2024 3,266

9. ALLOTTED, CALLED UP AND FULLY
PAID SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £0.01 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr C MacLean
Balance outstanding at start of year - -
Amounts advanced 3,043 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,043 -

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Director, Mr C MacLean by virtue of his 100% ownership of the issued Ordinary Share Capital.