Company Registration No. SC286034 (Scotland)
HIGHLAND IT LIMITED
Unaudited accounts
for the year ended 30 June 2024
HIGHLAND IT LIMITED
Unaudited accounts
Contents
HIGHLAND IT LIMITED
Company Information
for the year ended 30 June 2024
Company Number
SC286034 (Scotland)
Registered Office
24 REDWOOD CRESCENT
INVERNESS
IV2 6HB
HIGHLAND IT LIMITED
Statement of financial position
as at 30 June 2024
Tangible assets
120,098
70,059
Cash at bank and in hand
3,742
4,801
Creditors: amounts falling due within one year
(169,293)
(96,741)
Net current (liabilities)/assets
(20,576)
14,884
Total assets less current liabilities
99,522
84,943
Creditors: amounts falling due after more than one year
(52,537)
(57,443)
Called up share capital
1,000
1,000
Profit and loss account
45,985
26,500
Shareholders' funds
46,985
27,500
For the year ending 30 June 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 his 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 2 September 2024 and were signed on its behalf by
James GRANT
Director
Company Registration No. SC286034
HIGHLAND IT LIMITED
Notes to the Accounts
for the year ended 30 June 2024
HIGHLAND IT LIMITED is a private company, limited by shares, registered in Scotland, registration number SC286034. The registered office is 24 REDWOOD CRESCENT, INVERNESS, IV2 6HB.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% Reducing Balance
Motor vehicles
20% Reducing Balance
HIGHLAND IT LIMITED
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
18,250
72,729
10,831
101,810
Additions
-
110,848
-
110,848
Disposals
-
(46,090)
-
(46,090)
At 30 June 2024
18,250
137,487
10,831
166,568
At 1 July 2023
6,570
14,350
10,831
31,751
Charge for the year
2,336
20,014
-
22,350
On disposals
-
(7,631)
-
(7,631)
At 30 June 2024
8,906
26,733
10,831
46,470
At 30 June 2024
9,344
110,754
-
120,098
At 30 June 2023
11,680
58,379
-
70,059
Amounts falling due within one year
Trade debtors
144,975
106,824
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
110,212
52,343
Amounts owed to group undertakings and other participating interests
2,669
-
Taxes and social security
22,281
9,368
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
22,537
27,443
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).