REGISTERED NUMBER: SC401345 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Highway Data Systems Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Charlesworth

REGISTERED OFFICE:

St Giles Business Centre

9 Harvie Street

Glasgow

G51 1BW

REGISTERED NUMBER:

SC401345 (Scotland)

ACCOUNTANTS:

George Hay Partnership LLP

Chartered Accountants

Unit 1B

Focus 4

Fourth Avenue

Letchworth

Hertfordshire

SG6 2TU

FIXED ASSETS

Intangible assets

4

601,545

314,494

Tangible assets

5

215,129

125,083

Investments

6

766

766

817,440

440,343

CURRENT ASSETS

Stocks

54,032

173,046

Debtors

7

1,075,230

1,066,567

Cash at bank

87,681

51,037

1,216,943

1,290,650

CREDITORS

Amounts falling due within one year

8

648,493

624,734

NET CURRENT ASSETS

568,450

665,916

TOTAL ASSETS LESS CURRENT LIABILITIES

1,385,890

1,106,259

CREDITORS

Amounts falling due after more than one year

9

857,413

917,240

NET ASSETS

528,477

189,019

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

528,277

188,819

528,477

189,019

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

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

The director acknowledges his 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.

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

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

The financial statements were approved by the director and authorised for issue on 3 April 2025 and were signed by:

J Charlesworth - Director

1.	STATUTORY INFORMATION

Highway Data Systems Ltd 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 14 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2023

478,805

Additions

334,507

At 30 November 2024

813,312

AMORTISATION

At 1 December 2023

164,311

Charge for year

47,456

At 30 November 2024

211,767

NET BOOK VALUE

At 30 November 2024

601,545

At 30 November 2023

314,494

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

871,001

Additions

182,324

Disposals

(3,700

)

At 30 November 2024

1,049,625

DEPRECIATION

At 1 December 2023

745,918

Charge for year

89,154

Eliminated on disposal

(576

)

At 30 November 2024

834,496

NET BOOK VALUE

At 30 November 2024

215,129

At 30 November 2023

125,083

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2023

and 30 November 2024

766

NET BOOK VALUE

At 30 November 2024

766

At 30 November 2023

766

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

287,708

680,733

Amounts owed by group undertakings

615,856

266,899

Other debtors

171,666

118,935

1,075,230

1,066,567

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

44,288

39,844

Hire purchase contracts

14,399

15,682

Trade creditors

48,718

80,537

Taxation and social security

75,655

132,376

Other creditors

465,433

356,295

648,493

624,734

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

287,480

333,090

Hire purchase contracts

12,773

26,990

Other creditors

557,160

557,160

857,413

917,240

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

127,297

180,009

127,297

180,009