Company Registration No. SC484962 (Scotland)
Highland Hustle Ltd
Unaudited accounts
for the year ended 31 August 2024
Highland Hustle Ltd
Unaudited accounts
Contents
Highland Hustle Ltd
Company Information
for the year ended 31 August 2024
Company Number
SC484962 (Scotland)
Registered Office
5 Lovers Lane
Scone
Perth
PH2 6RG
Accountants
Fraser + Accountants
3 Barossa Place
Perth
Perthshire
PH1 5HG
Highland Hustle Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
9,311
9,612
Cash at bank and in hand
586
604
Creditors: amounts falling due within one year
(3,631)
(3,093)
Net current liabilities
(2,645)
(2,089)
Called up share capital
100
100
Profit and loss account
6,566
7,423
Shareholders' funds
6,666
7,523
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 December 2024 and were signed on its behalf by
Gillian Urquhart
Director
Company Registration No. SC484962
Highland Hustle Ltd
Notes to the Accounts
for the year ended 31 August 2024
Highland Hustle Ltd is a private company, limited by shares, registered in Scotland, registration number SC484962. The registered office is 5 Lovers Lane, Scone, Perth, PH2 6RG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Fixtures & fittings
25% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
10,259
2,539
2,857
15,655
At 31 August 2024
10,259
2,539
2,857
15,655
At 1 September 2023
796
2,391
2,856
6,043
Charge for the year
189
112
-
301
At 31 August 2024
985
2,503
2,856
6,344
At 31 August 2024
9,274
36
1
9,311
At 31 August 2023
9,463
148
1
9,612
Highland Hustle Ltd
Notes to the Accounts
for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,054
1,533
Taxes and social security
672
322
Loans from directors
1,425
758
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).