1 July 2023 false No description of principal activity Taxfiler 2024.6 SC286034business:PrivateLimitedCompanyLtd2023-07-012024-06-30 SC2860342023-06-30 SC2860342023-07-012024-06-30 SC286034business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 SC286034business:FilletedAccounts2023-07-012024-06-30 SC2860342024-06-30 SC286034business:Director12023-07-012024-06-30 SC286034business:RegisteredOffice2023-07-012024-06-30 SC2860342023-06-30 SC286034core:WithinOneYear2024-06-30 SC286034core:WithinOneYear2023-06-30 SC286034core:AfterOneYear2024-06-30 SC286034core:AfterOneYear2023-06-30 SC286034core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 SC286034core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC286034core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 SC286034core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC286034core:PreviouslyStatedAmount2024-06-30 SC286034core:PreviouslyStatedAmount2023-06-30 SC286034business:SmallEntities2023-07-012024-06-30 SC286034countries:Scotland2023-07-012024-06-30 SC286034core:PlantMachinery2023-07-012024-06-30 SC286034core:MotorVehicles2023-07-012024-06-30 SC286034core:PlantMachinery2023-06-30 SC286034core:MotorVehicles2023-06-30 SC286034core:FurnitureFittings2023-06-30 SC286034core:FurnitureFittings2023-07-012024-06-30 SC286034core:PlantMachinery2024-06-30 SC286034core:MotorVehicles2024-06-30 SC286034core:FurnitureFittings2024-06-30 SC2860342022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC286034 (Scotland)
HIGHLAND IT LIMITED Unaudited accounts for the year ended 30 June 2024
HIGHLAND IT LIMITED Unaudited accounts Contents
Page
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HIGHLAND IT LIMITED Company Information for the year ended 30 June 2024
Director
James GRANT
Company Number
SC286034 (Scotland)
Registered Office
24 REDWOOD CRESCENT INVERNESS IV2 6HB
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HIGHLAND IT LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
120,098 
70,059 
Current assets
Debtors
144,975 
106,824 
Cash at bank and in hand
3,742 
4,801 
148,717 
111,625 
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)
Net assets
46,985 
27,500 
Capital and reserves
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
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HIGHLAND IT LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
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.
Turnover
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
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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 
Depreciation
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 
Net book value
At 30 June 2024
9,344 
110,754 
- 
120,098 
At 30 June 2023
11,680 
58,379 
- 
70,059 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
144,975 
106,824 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
33,731 
35,030 
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 
Accruals
400 
- 
169,293 
96,741 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
30,000 
30,000 
Loans from directors
22,537 
27,443 
52,537 
57,443 
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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