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REGISTERED NUMBER: 09075016 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

DAVID HIGGINS (LONDON) LIMITED

DAVID HIGGINS (LONDON) LIMITED (REGISTERED NUMBER: 09075016)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

DAVID HIGGINS (LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D Higgins
Mrs C Higgins





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
London
NW3 6LH





REGISTERED NUMBER: 09075016 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

DAVID HIGGINS (LONDON) LIMITED (REGISTERED NUMBER: 09075016)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,883 66,494

CURRENT ASSETS
Debtors 5 143,413 74,325
Cash at bank 269 41,152
143,682 115,477
CREDITORS
Amounts falling due within one year 6 172,345 146,522
NET CURRENT LIABILITIES (28,663 ) (31,045 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,220

35,449

CREDITORS
Amounts falling due after more than one
year

7

28,465

33,651
NET (LIABILITIES)/ASSETS (4,245 ) 1,798

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (4,345 ) 1,698
SHAREHOLDERS' FUNDS (4,245 ) 1,798

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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:





D Higgins - Director


DAVID HIGGINS (LONDON) LIMITED (REGISTERED NUMBER: 09075016)

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


1. STATUTORY INFORMATION

David Higgins (London) Limited is a private company, limited by shares , registered in England and Wales. 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.

Going concern
Notwithstanding the company's net current liabilities at the year end, the company has been profitable since the year end and has therefore generated sufficient cash from trade to be able to meet debts as they fall due. For this reason the accounts are prepared on the going concern basis.

Turnover
Turnover represents net invoiced sales of services, excluding discounts, rebates and value added tax.

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 - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

DAVID HIGGINS (LONDON) LIMITED (REGISTERED NUMBER: 09075016)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 51,381 10,860 35,283 8,078 105,602
Additions 2,425 - - 156 2,581
At 30 June 2024 53,806 10,860 35,283 8,234 108,183
DEPRECIATION
At 1 July 2023 11,382 2,984 19,994 4,748 39,108
Charge for year 5,381 2,172 7,057 1,582 16,192
At 30 June 2024 16,763 5,156 27,051 6,330 55,300
NET BOOK VALUE
At 30 June 2024 37,043 5,704 8,232 1,904 52,883
At 30 June 2023 39,999 7,876 15,289 3,330 66,494


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,467 32,029
Other debtors 1,685 2,471
Directors' current accounts 74,552 15,376
Prepayments and accrued income 1,709 24,449
143,413 74,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 58,551 5,058
Trade creditors 7,901 6,801
Tax 90,207 101,964
VAT 11,341 28,014
Accruals and deferred income 4,345 4,685
172,345 146,522

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,318 5,186
Bank loans - 2-5 years 16,773 16,360
Bank loans more 5 yr by instal 6,374 12,105
28,465 33,651

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,374 12,105

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DAVID HIGGINS (LONDON) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of David Higgins (London) Limited for the year ended 30 June 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of David Higgins (London) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of David Higgins (London) Limited and state those matters that we have agreed to state to the Board of Directors of David Higgins (London) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David Higgins (London) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that David Higgins (London) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of David Higgins (London) Limited. You consider that David Higgins (London) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of David Higgins (London) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


9 April 2025