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Head Higher Ltd

Registered Number
12058595
(England and Wales)

Unaudited Financial Statements for the Period ended
29 December 2023

Head Higher Ltd
Company Information
for the period from 1 July 2022 to 29 December 2023

Director

Edward Ben Salter

Registered Address

4 Mason Court Gillan Way
Penrith 40 Business Park
Penrith
CA11 9GR

Registered Number

12058595 (England and Wales)
Head Higher Ltd
Statement of Financial Position
29 December 2023

Notes

29 Dec 2023

30 Jun 2022

£

£

£

£

Current assets
Debtors3206,055109,804
Cash at bank and on hand4,7461,818
210,801111,622
Creditors amounts falling due within one year4(141,159)(131,544)
Net current assets (liabilities)69,642(19,922)
Total assets less current liabilities69,642(19,922)
Net assets69,642(19,922)
Capital and reserves
Called up share capital11
Profit and loss account69,641(19,923)
Shareholders' funds69,642(19,922)
The financial statements were approved and authorised for issue by the Director on 1 May 2025, and are signed on its behalf by:
Edward Ben Salter
Director
Registered Company No. 12058595
Head Higher Ltd
Notes to the Financial Statements
for the period ended 29 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20232022
Average number of employees during the year20
3.Debtors: amounts due within one year

2023

2022

££
Amounts owed by associates and joint ventures / participating interests199,140105,177
Other debtors6,9154,627
Total206,055109,804
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables-5,806
Bank borrowings and overdrafts-17
Amounts owed to related parties111,822114,525
Taxation and social security21,8622,743
Other creditors2761,252
Accrued liabilities and deferred income7,1997,201
Total141,159131,544
5.Directors advances, credits and guarantees
Included within other debtors falling due within one year is £4,266 (2022 - £929) being the amount owed by the director. Net amounts advanced during the year were £3,337. These amounts were both repaid within nine months of the financial year. The loans were charged the official rate of interest were applicable and were repayable on demand.