Registered number
10600965
Highdrive Bristol Limited
Filleted Accounts
29 February 2024
Highdrive Bristol Limited
Registered number: 10600965
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 5
Current assets
Debtors 4 16,502 12,457
Cash at bank and in hand 819 8,491
17,321 20,948
Creditors: amounts falling due within one year 5 (12,317) (10,207)
Net current assets 5,004 10,741
Total assets less current liabilities 5,004 10,746
Provisions for liabilities - (1)
Net assets 5,004 10,745
Capital and reserves
Called up share capital 3 3
Profit and loss account 5,001 10,742
Shareholders' funds 5,004 10,745
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paul Mason
Director
Approved by the board on 31 December 2024
Highdrive Bristol Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Statement of compliance
The accounts have been prepared in accordance with FRS 102, Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulative depreciation and any accumulative impairment losses.
Depreciation is provided at rates calculated to write off the costs of fixed assets, less their estimated residual value, over their expected useful lives on a straight line basis at rates of 25% to 33.33% per annum.
Assets held under finance leases are depreciated in the same way as owned assets.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Taxation
Taxation represents the sum of tax currently payable and deferred tax.
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 all 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. 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 avaliable 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 the tax rates (and tax laws) that have been enacted by the end of the reporting period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computer equipment
£
Cost
At 1 March 2023 620
At 29 February 2024 620
Depreciation
At 1 March 2023 615
Charge for the year 5
At 29 February 2024 620
Net book value
At 29 February 2024 -
At 28 February 2023 5
4 Debtors 2024 2023
£ £
Trade debtors 1,200 -
Other debtors 15,302 12,457
16,502 12,457
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 8,351 8,160
Other creditors 3,966 2,047
12,317 10,207
6 Other information
Highdrive Bristol Limited is a private company limited by shares and incorporated in England. Its registered office is:
First Floor
5 High Street
Westbury-on-Trym
Bristol
BS9 3BY
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