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REGISTERED NUMBER: SC269792 (Scotland)















Financial Statements for the Year Ended 30 June 2024

for

High AP Limited
T/A
Highland Accountancy Practice

High AP Limited (Registered number: SC269792)
T/A Highland Accountancy Practice






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


High AP Limited
T/A Highland Accountancy Practice

Company Information
for the Year Ended 30 June 2024







DIRECTORS: K D Lawrie
Mrs D A Lawrie





SECRETARY: K D Lawrie





REGISTERED OFFICE: Suite 1A
Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA





REGISTERED NUMBER: SC269792 (Scotland)






High AP Limited (Registered number: SC269792)
T/A Highland Accountancy Practice

Abridged Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,612 965

CURRENT ASSETS
Debtors 86,835 104,204
Cash at bank and in hand 62,557 52,364
149,392 156,568
CREDITORS
Amounts falling due within one year 80,339 83,963
NET CURRENT ASSETS 69,053 72,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,665

73,570

PROVISIONS FOR LIABILITIES 1,153 241
NET ASSETS 72,512 73,329

CAPITAL AND RESERVES
Called up share capital 1 2
Capital Redemption Reserve 1 -
Retained earnings 72,510 73,327
SHAREHOLDERS' FUNDS 72,512 73,329

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

High AP Limited (Registered number: SC269792)
T/A Highland Accountancy Practice

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





K D Lawrie - Director


High AP Limited (Registered number: SC269792)
T/A Highland Accountancy Practice

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

High AP Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Tenants Improvements - Straight line over 15 years
Office Equipment - 15% on cost
Computer Equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

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.

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 6 (2023 - 6 ) .

High AP Limited (Registered number: SC269792)
T/A Highland Accountancy Practice

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 39,380
Additions 6,564
Disposals (8,421 )
At 30 June 2024 37,523
DEPRECIATION
At 1 July 2023 38,415
Charge for year 2,917
Eliminated on disposal (8,421 )
At 30 June 2024 32,911
NET BOOK VALUE
At 30 June 2024 4,612
At 30 June 2023 965