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Company Registration No. SC699240 (Scotland)
Highland Woodcraft Ltd Filleted Accounts for the year ended 31 May 2024
Highland Woodcraft Ltd Filleted Accounts Contents
Page
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Highland Woodcraft Ltd Company Information for the year ended 31 May 2024
Directors
Lesley Durdle Mikey Durdle
Company Number
SC699240 (Scotland)
Registered Office
Alclutha Broallan Beauly IV4 7AH
Accountants
Cameron Consulting (Scotland) Ltd 7 Poles Road Dornoch IV25 3HP
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Highland Woodcraft Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,224 
9,896 
Current assets
Inventories
2,850 
1,850 
Cash at bank and in hand
11,223 
31,008 
14,073 
32,858 
Creditors: amounts falling due within one year
(27,305)
(37,721)
Net current liabilities
(13,232)
(4,863)
Total assets less current liabilities
14,992 
5,033 
Creditors: amounts falling due after more than one year
(14,310)
(4,027)
Net assets
682 
1,006 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
482 
806 
Shareholders' funds
682 
1,006 
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by
Mikey Durdle Director Company Registration No. SC699240
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Highland Woodcraft Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Highland Woodcraft Ltd is a private company, limited by shares, registered in Scotland, registration number SC699240. The registered office is Alclutha, Broallan, Beauly, IV4 7AH.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
3-5 years
Motor vehicles
5 years
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Highland Woodcraft Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
4,499 
11,495 
15,994 
Additions
- 
24,139 
24,139 
At 31 May 2024
4,499 
35,634 
40,133 
Depreciation
At 1 June 2023
1,500 
4,598 
6,098 
Charge for the year
1,500 
4,311 
5,811 
At 31 May 2024
3,000 
8,909 
11,909 
Net book value
At 31 May 2024
1,499 
26,725 
28,224 
At 31 May 2023
2,999 
6,897 
9,896 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,693 
8,187 
Obligations under finance leases and hire purchase contracts
5,366 
1,859 
Trade creditors
15,206 
3,747 
Taxes and social security
829 
8,398 
Loans from directors
307 
12,596 
Accruals
1,904 
2,934 
27,305 
37,721 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
14,310 
4,027 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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