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REGISTERED NUMBER: 07165317 (England and Wales)
















Unaudited Financial Statements for the Year Ended 28 February 2024

for

M Higgs Limited

M Higgs Limited (Registered number: 07165317)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M Higgs Limited

Company Information
for the Year Ended 28 February 2024







DIRECTORS: Ms H Campbell
Mr M Higgs





REGISTERED OFFICE: 3 Dyffryn Glas
Greenfield
Holywell
Clwyd
CH8 7RU





REGISTERED NUMBER: 07165317 (England and Wales)





ACCOUNTANTS: Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB

M Higgs Limited (Registered number: 07165317)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,474 4,433

CURRENT ASSETS
Debtors 5 15,730 21,132
Cash at bank and in hand 20,440 16,748
36,170 37,880
CREDITORS
Amounts falling due within one year 6 (26,098 ) (23,534 )
NET CURRENT ASSETS 10,072 14,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,546

18,779

CREDITORS
Amounts falling due after more than one
year

7

(13,997

)

(16,664

)
NET ASSETS 1,549 2,115

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 1,489 2,055
1,549 2,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

M Higgs Limited (Registered number: 07165317)

Balance Sheet - continued
28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:




Mr M Higgs - Director



Ms H Campbell - Director


M Higgs Limited (Registered number: 07165317)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

M Higgs Limited is a private company, limited by shares , registered in England and Wales. 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 5,209 18,000 2,527 25,736
Additions 2,345 - - 2,345
At 28 February 2024 7,554 18,000 2,527 28,081
DEPRECIATION
At 1 March 2023 4,584 15,597 1,122 21,303
Charge for year 352 601 351 1,304
At 28 February 2024 4,936 16,198 1,473 22,607
NET BOOK VALUE
At 28 February 2024 2,618 1,802 1,054 5,474
At 28 February 2023 625 2,403 1,405 4,433

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 9,158 11,736
Directors' current accounts 6,572 9,396
15,730 21,132

M Higgs Limited (Registered number: 07165317)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 2,666 2,734
Tax 15,720 12,342
VAT 3,368 2,956
Net wages - 1,158
Accrued expenses 4,344 4,344
26,098 23,534

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans - 1-2 years 2,666 2,666
Bank loans - 2-5 years 5,333 5,333
Bank loans more 5 yr by instal 5,998 8,665
13,997 16,664

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,998 8,665

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 28th February 2024 there was a loan balance of £6,572 owing from the Director to the Company. The loan is repayable within 9 months of the year end and interest has not been charged.