Acorah Software Products - Accounts Production 16.1.200 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC061156 Mr William Munro Mrs Jean Munro William Munro Construction (Highland) Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC061156 2023-03-31 SC061156 2024-03-31 SC061156 2023-04-01 2024-03-31 SC061156 frs-core:CurrentFinancialInstruments 2024-03-31 SC061156 frs-core:Non-currentFinancialInstruments 2024-03-31 SC061156 frs-core:BetweenOneFiveYears 2024-03-31 SC061156 frs-core:MotorVehicles 2024-03-31 SC061156 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC061156 frs-core:MotorVehicles 2023-03-31 SC061156 frs-core:PlantMachinery 2024-03-31 SC061156 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC061156 frs-core:PlantMachinery 2023-03-31 SC061156 frs-core:WithinOneYear 2024-03-31 SC061156 frs-core:ShareCapital 2024-03-31 SC061156 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC061156 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC061156 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC061156 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC061156 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC061156 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC061156 1 2023-04-01 2024-03-31 SC061156 frs-bus:Director1 2023-04-01 2024-03-31 SC061156 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC061156 frs-countries:Scotland 2023-04-01 2024-03-31 SC061156 2022-03-31 SC061156 2023-03-31 SC061156 2022-04-01 2023-03-31 SC061156 frs-core:CurrentFinancialInstruments 2023-03-31 SC061156 frs-core:Non-currentFinancialInstruments 2023-03-31 SC061156 frs-core:BetweenOneFiveYears 2023-03-31 SC061156 frs-core:WithinOneYear 2023-03-31 SC061156 frs-core:ShareCapital 2023-03-31 SC061156 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC061156
Munro (Highland) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Leitch Accountancy Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC061156
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 198,078 216,677
198,078 216,677
CURRENT ASSETS
Debtors 5 713,790 590,577
Cash at bank and in hand 49,394 48,013
763,184 638,590
Creditors: Amounts Falling Due Within One Year 6 (228,548 ) (162,024 )
NET CURRENT ASSETS (LIABILITIES) 534,636 476,566
TOTAL ASSETS LESS CURRENT LIABILITIES 732,714 693,243
Creditors: Amounts Falling Due After More Than One Year 7 (26,478 ) (43,840 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (43,556 ) (46,906 )
NET ASSETS 662,680 602,497
CAPITAL AND RESERVES
Called up share capital 9 37,000 37,000
Profit and Loss Account 625,680 565,497
SHAREHOLDERS' FUNDS 662,680 602,497
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr William Munro
Director
23/12/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Munro (Highland) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC061156 . The registered office is 5 River Drive, Teaninich Industrial Estate, Alness, IV17 0PG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. 
2.3. Turnover
Turnover represents amounts receivable for skip hire and waste collection services, net of VAT and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% reducing balance
Motor Vehicles 20% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Financial Instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the
contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a
legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net
basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, and preference shares that are classified as debt,
are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where
the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
...CONTINUED
Page 3
Page 4
2.6. Financial Instruments - continued
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received
or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the
initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as
liabilities once they are no longer at the discretion of the Company
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
2.10. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with
banks, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due
within one year.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
Page 4
Page 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 338,404 132,450 470,854
Additions 13,200 - 13,200
As at 31 March 2024 351,604 132,450 484,054
Depreciation
As at 1 April 2023 190,944 63,233 254,177
Provided during the period 14,739 17,060 31,799
As at 31 March 2024 205,683 80,293 285,976
Net Book Value
As at 31 March 2024 145,921 52,157 198,078
As at 1 April 2023 147,460 69,217 216,677
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 247,157 282,551
Amounts owed by group undertakings 438,840 279,524
Other debtors 27,793 28,502
713,790 590,577
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,310 13,190
Trade creditors 76,578 56,224
Other creditors 116,296 73,270
Taxation and social security 22,364 19,340
228,548 162,024
The obligations under hire purchase contracts are secured over the assets which the agreements relate to.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,478 43,840
The obligations under hire purchase contracts are secured over the assets which the agreements relate to.
Page 5
Page 6
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,310 13,190
Later than one year and not later than five years 26,478 43,840
39,788 57,030
39,788 57,030
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 37,000 37,000
10. Related Party Transactions
The company has taken advantage of the exemption within FRS 102 Section 1A paragraph 1AC.35 from the requirement to disclose transactions with wholly owned group companies.
11. Ultimate Controlling Party
The company's ultimate controlling party is William Munro Construction (Highland) Limited by virtue of his ownership of 100% of the issued share capital in the company.
12. Financial Commitments, guarantees and contingent liabilities
The company participated in cross corporate bank guarantee with the groups principal bankers. The group guarantee companies comprise of Munro (Highland) Limited and William Munro Construction (Highland) Limited. 
Page 6