Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falsefalseNo description of principal activity1111trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC201239 2023-07-01 2024-06-30 SC201239 2022-07-01 2023-06-30 SC201239 2024-06-30 SC201239 2023-06-30 SC201239 c:CompanySecretary1 2023-07-01 2024-06-30 SC201239 c:Director1 2023-07-01 2024-06-30 SC201239 c:RegisteredOffice 2023-07-01 2024-06-30 SC201239 d:Buildings 2023-07-01 2024-06-30 SC201239 d:Buildings 2024-06-30 SC201239 d:Buildings 2023-06-30 SC201239 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC201239 d:PlantMachinery 2023-07-01 2024-06-30 SC201239 d:PlantMachinery 2024-06-30 SC201239 d:PlantMachinery 2023-06-30 SC201239 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC201239 d:MotorVehicles 2023-07-01 2024-06-30 SC201239 d:MotorVehicles 2024-06-30 SC201239 d:MotorVehicles 2023-06-30 SC201239 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC201239 d:FurnitureFittings 2023-07-01 2024-06-30 SC201239 d:FurnitureFittings 2024-06-30 SC201239 d:FurnitureFittings 2023-06-30 SC201239 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC201239 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC201239 d:Goodwill 2024-06-30 SC201239 d:Goodwill 2023-06-30 SC201239 d:CurrentFinancialInstruments 2024-06-30 SC201239 d:CurrentFinancialInstruments 2023-06-30 SC201239 d:Non-currentFinancialInstruments 2024-06-30 SC201239 d:Non-currentFinancialInstruments 2023-06-30 SC201239 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC201239 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC201239 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 SC201239 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC201239 d:ShareCapital 2024-06-30 SC201239 d:ShareCapital 2023-06-30 SC201239 d:RevaluationReserve 2024-06-30 SC201239 d:RevaluationReserve 2023-06-30 SC201239 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC201239 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC201239 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC201239 c:OrdinaryShareClass1 2024-06-30 SC201239 c:OrdinaryShareClass1 2023-06-30 SC201239 c:OrdinaryShareClass2 2023-07-01 2024-06-30 SC201239 c:OrdinaryShareClass2 2024-06-30 SC201239 c:OrdinaryShareClass2 2023-06-30 SC201239 c:FRS102 2023-07-01 2024-06-30 SC201239 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC201239 c:FullAccounts 2023-07-01 2024-06-30 SC201239 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC201239 5 2023-07-01 2024-06-30 SC201239 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC201239










WEST HIGHLAND GAS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
WEST HIGHLAND GAS LIMITED
 

COMPANY INFORMATION


Director
Mr J MacLachlan 




Company secretary
Mrs S MacLachlan



Registered number
SC201239



Registered office
Torran Gorm Industrial Estate

Oban

Argyll

PA34 4PL




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
WEST HIGHLAND GAS LIMITED
REGISTERED NUMBER:SC201239

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 5 
16,455
25,821

  
16,455
25,821

Current assets
  

Stocks
  
134,782
87,557

Debtors: amounts falling due within one year
 6 
640,020
517,377

Cash at bank and in hand
  
2,257
299

  
777,059
605,233

Creditors: amounts falling due within one year
 7 
(433,308)
(211,464)

Net current assets
  
 
 
343,751
 
 
393,769

Total assets less current liabilities
  
360,206
419,590

Creditors: amounts falling due after more than one year
 8 
(10,000)
(20,000)

Provisions for liabilities
  

Deferred tax
  
(2,938)
(5,120)

  
 
 
(2,938)
 
 
(5,120)

Net assets
  
347,268
394,470


Capital and reserves
  

Called up share capital 
 9 
5,000
5,000

Revaluation reserve
  
15,350
15,350

Profit and loss account
  
326,918
374,120

  
347,268
394,470


Page 1

 
WEST HIGHLAND GAS LIMITED
REGISTERED NUMBER:SC201239

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr J MacLachlan
Director

Date: 28 March 2025


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
WEST HIGHLAND GAS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

West Highland Gas Limited is a private company, limited by shares and incorporated in Scotland, registration number SC201239. The registered office address is Torran Gorm Industrial Estate, Lochavullin Road, Oban, Argyll, PA34 4PL. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
WEST HIGHLAND GAS LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


  
2.5

Intangible Assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life of 20 years.

Page 4

 
WEST HIGHLAND GAS LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Heritable property
-
Nil% or 10% straight line over the life of the lease
Plant and machinery
-
25% straight line
Motor vehicles
-
25% straight line
Fixtures, fittings and equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
WEST HIGHLAND GAS LIMITED
 

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

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 11).


4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
95,000



At 30 June 2024

95,000



Amortisation


At 1 July 2023
95,000



At 30 June 2024

95,000



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 6

 
WEST HIGHLAND GAS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Heritable property
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
36,668
3,119
182,321
14,702
236,810


Disposals
-
-
(25,366)
-
(25,366)



At 30 June 2024

36,668
3,119
156,955
14,702
211,444



Depreciation


At 1 July 2023
28,279
3,119
164,889
14,702
210,989


Charge for the year on owned assets
1,678
-
7,688
-
9,366


Disposals
-
-
(25,366)
-
(25,366)



At 30 June 2024

29,957
3,119
147,211
14,702
194,989



Net book value



At 30 June 2024
6,711
-
9,744
-
16,455



At 30 June 2023
8,389
-
17,432
-
25,821




6.


Debtors

2024
2023
£
£


Trade debtors
85,253
81,810

Other debtors
554,767
424,941

Prepayments and accrued income
-
10,626

640,020
517,377


Page 7

 
WEST HIGHLAND GAS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1,199
746

Bank loans
10,000
10,000

Trade creditors
206,165
130,308

Other taxation and social security
23,701
17,640

Obligations under finance lease and hire purchase contracts
-
3,435

Other creditors
180,608
41,510

Accruals and deferred income
11,635
7,825

433,308
211,464


The following liabilities disclosed under creditors falling due within one year are secured by the company:
Hire purchase agreements - £Nil (2023 - £3,435)


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,000
20,000



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000
4,000 (2023 - 4,000) Preference shares of £1.00 each
4,000
4,000

5,000

5,000



Page 8