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REGISTERED NUMBER: 04494464 (England and Wales)














HIGHWOOD SECURITY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






HIGHWOOD SECURITY LIMITED (REGISTERED NUMBER: 04494464)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGHWOOD SECURITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: C Brisland





REGISTERED OFFICE: Units 1&4
Slaters Road
Town Street, Stanningley
Leeds
West Yorkshire
LS28 6EY





REGISTERED NUMBER: 04494464 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

HIGHWOOD SECURITY LIMITED (REGISTERED NUMBER: 04494464)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 395,017 361,593
395,017 361,593

CURRENT ASSETS
Stocks 30,000 45,000
Debtors 6 175,111 141,621
Cash at bank and in hand 165,335 148,519
370,446 335,140
CREDITORS
Amounts falling due within one year 7 172,910 144,230
NET CURRENT ASSETS 197,536 190,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,553

552,503

CREDITORS
Amounts falling due after more than one
year

8

(23,536

)

(17,360

)

PROVISIONS FOR LIABILITIES (35,561 ) (26,297 )
NET ASSETS 533,456 508,846

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 533,356 508,746
SHAREHOLDERS' FUNDS 533,456 508,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

HIGHWOOD SECURITY LIMITED (REGISTERED NUMBER: 04494464)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 January 2025 and were signed by:





C Brisland - Director


HIGHWOOD SECURITY LIMITED (REGISTERED NUMBER: 04494464)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Highwood Security 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been fully amortised over its estimated usual life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost less residual value
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.


HIGHWOOD SECURITY LIMITED (REGISTERED NUMBER: 04494464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 60,000
AMORTISATION
At 1 October 2023
and 30 September 2024 60,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

HIGHWOOD SECURITY LIMITED (REGISTERED NUMBER: 04494464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 352,950 221,584 574,534
Additions - 94,047 94,047
Disposals - (41,200 ) (41,200 )
At 30 September 2024 352,950 274,431 627,381
DEPRECIATION
At 1 October 2023 112,271 100,670 212,941
Charge for year 2,689 37,575 40,264
Eliminated on disposal - (20,841 ) (20,841 )
At 30 September 2024 114,960 117,404 232,364
NET BOOK VALUE
At 30 September 2024 237,990 157,027 395,017
At 30 September 2023 240,679 120,914 361,593

Included in the Freehold Property cost of £352,950 is £77,649 (2023: £77,649) relating to property which is leased out. The accumulated depreciation relating to this leased out property is £25,291 (2023: £24,700).

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 88,389
Additions 94,047
Transfer to ownership (88,389 )
At 30 September 2024 94,047
DEPRECIATION
At 1 October 2023 29,196
Charge for year 19,916
Transfer to ownership (38,084 )
At 30 September 2024 11,028
NET BOOK VALUE
At 30 September 2024 83,019
At 30 September 2023 59,193

HIGHWOOD SECURITY LIMITED (REGISTERED NUMBER: 04494464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,448 122,563
Other debtors 58,663 19,058
175,111 141,621

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,321 10,070
Hire purchase contracts 27,964 19,134
Trade creditors 63,251 51,929
Taxation and social security 61,028 54,956
Other creditors 10,346 8,141
172,910 144,230

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,030 17,360
Hire purchase contracts 16,506 -
23,536 17,360

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 44,470 19,134