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Registered number: 12027460

HIGHLAND COLLECTIONS LIMITED

ACCOUNTS
FOR THE 427 DAY PERIOD ENDED 31/07/2024

Prepared By:
LHM ACCOUNTANTS
Incorporated Financial Accountants
20 Westlands Way
Oxted
Surrey
RH8 0ND

HIGHLAND COLLECTIONS LIMITED

ACCOUNTS
FOR THE 427 DAY PERIOD ENDED 31/07/2024
DIRECTORS
S GUrung
B Gurung
SECRETARY
P K Manster
REGISTERED OFFICE
20 Westlands Way
Oxted
Surrey
RH8 0ND
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12027460
BANKERS
NATWEST BANK PLC
ACCOUNTANTS
LHM ACCOUNTANTS
Incorporated Financial Accountants
20 Westlands Way
Oxted
Surrey
RH8 0ND

HIGHLAND COLLECTIONS LIMITED

ACCOUNTS
FOR THE427 DAY PERIODENDED31/07/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

HIGHLAND COLLECTIONS LIMITED

BALANCE SHEET AT 31/07/2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,7451,745
CURRENT ASSETS
Stock164,83292,764
Debtors521,6193,440
Cash at bank and in hand30,85915,688
217,310111,892
CREDITORS: Amounts falling due within one year6101,25122,397
NET CURRENT ASSETS116,05989,495
TOTAL ASSETS LESS CURRENT LIABILITIES117,80491,240
CREDITORS: Amounts falling due after more than one year719,34329,991
NET ASSETS98,46161,249
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account98,36161,149
SHAREHOLDERS' FUNDS98,46161,249
For the year ending 31/07/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/04/2025 and signed on their behalf by
.............................
S GUrung
Director

HIGHLAND COLLECTIONS LIMITED

NOTES TO THE ACCOUNTS
FOR THE 427 DAY PERIOD ENDED 31/07/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehicles %
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees--
3. TANGIBLE FIXED ASSETS
Commercial
VehiclesTotal
££
Cost
At 01/06/20235,5135,513
At 31/07/20245,5135,513
Depreciation
At 01/06/20233,7683,768
At 31/07/20243,7683,768
Net Book Amounts
At 31/07/20241,7451,745
At 31/05/20231,7451,745

HIGHLAND COLLECTIONS LIMITED

4. STOCK 20242023
££
Stock comprises:
Stock164,83292,764
164,83292,764
5. DEBTORS 20242023
££
Amounts falling due within one year
PAYE control432-
Prepayments10,567-
Directors current account10,6203,440
21,6193,440
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax23,32610,567
VAT16,7777,142
PAYE control-734
Trade creditors60,0002,881
Accruals1,1481,073
101,25122,397
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr19,34329,991
19,34329,991
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100
100100