1 November 2023 false No description of principal activity Taxfiler 2024.6 SC351151business:PrivateLimitedCompanyLtd2023-11-012024-10-31 SC3511512023-10-31 SC3511512023-11-012024-10-31 SC351151business:AuditExemptWithAccountantsReport2023-11-012024-10-31 SC351151business:AbridgedAccounts2023-11-012024-10-31 SC3511512024-10-31 SC351151business:Director12023-11-012024-10-31 SC351151business:RegisteredOffice2023-11-012024-10-31 SC3511512023-10-31 SC351151core:WithinOneYear2024-10-31 SC351151core:WithinOneYear2023-10-31 SC351151core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 SC351151core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 SC351151core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 SC351151core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 SC351151core:PreviouslyStatedAmount2024-10-31 SC351151core:PreviouslyStatedAmount2023-10-31 SC351151business:SmallEntities2023-11-012024-10-31 SC351151countries:Scotland2023-11-012024-10-31 SC351151core:LandBuildings2023-11-012024-10-31 SC351151core:PlantMachinery2023-11-012024-10-31 SC351151core:MotorVehicles2023-11-012024-10-31 SC351151core:FurnitureFittings2023-11-012024-10-31 SC3511512022-11-012023-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC351151 (Scotland)
Hi-Serv Limited Unaudited accounts for the year ended 31 October 2024
Hi-Serv Limited Unaudited accounts Contents
Page
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Hi-Serv Limited Company Information for the year ended 31 October 2024
Director
J Robins
Company Number
SC351151 (Scotland)
Registered Office
An-Daraich Wester Lovat Beauly IV4 7AZ
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Hi-Serv Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
529,344 
532,588 
Current assets
Debtors
35,001 
14,912 
Cash at bank and in hand
222,745 
209,102 
257,746 
224,014 
Creditors: amounts falling due within one year
(51,541)
(35,431)
Net current assets
206,205 
188,583 
Total assets less current liabilities
735,549 
721,171 
Provisions for liabilities
Deferred tax
(106,129)
(109,689)
Net assets
629,420 
611,482 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
629,418 
611,480 
Shareholders' funds
629,420 
611,482 
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 May 2025 and were signed on its behalf by
J Robins Director Company Registration No. SC351151
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Hi-Serv Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Hi-Serv Limited is a private company, limited by shares, registered in Scotland, registration number SC351151. The registered office is An-Daraich, Wester Lovat, Beauly, IV4 7AZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
20% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
20-25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its director. Contributions payable are recognised in the profit and loss account when due.
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Hi-Serv Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2023
772,206 
Additions
197,733 
Disposals
(131,688)
At 31 October 2024
838,251 
Depreciation
At 1 November 2023
239,618 
Charge for the year
119,129 
On disposals
(49,840)
At 31 October 2024
308,907 
Net book value
At 31 October 2024
529,344 
At 31 October 2023
532,588 
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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