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REGISTERED NUMBER: 09806492 (England and Wales)














Unaudited Financial Statements

for the Period 31 March 2023 to 29 March 2024

for

High Peak Utilities Limited

High Peak Utilities Limited (Registered number: 09806492)






Contents of the Financial Statements
for the Period 31 March 2023 to 29 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


High Peak Utilities Limited (Registered number: 09806492)

Balance Sheet
29 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,874 84,868

CURRENT ASSETS
Debtors 5 102,354 122,343
Cash at bank 12,684 9,966
115,038 132,309
CREDITORS
Amounts falling due within one year 6 42,002 60,387
NET CURRENT ASSETS 73,036 71,922
TOTAL ASSETS LESS CURRENT LIABILITIES 138,910 156,790

CREDITORS
Amounts falling due after more than one year 7 (24,236 ) (42,985 )

PROVISIONS FOR LIABILITIES (16,468 ) (15,536 )
NET ASSETS 98,206 98,269

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 98,205 98,268
SHAREHOLDERS' FUNDS 98,206 98,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





J McMullan - Director


High Peak Utilities Limited (Registered number: 09806492)

Notes to the Financial Statements
for the Period 31 March 2023 to 29 March 2024

1. STATUTORY INFORMATION

High Peak Utilities Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09806492

Registered office: McMullans Quarry
Quarry Road
Furness Vale
High Peak
Derbyshire
SK23 7PG

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and 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.

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 period 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.

High Peak Utilities Limited (Registered number: 09806492)

Notes to the Financial Statements - continued
for the Period 31 March 2023 to 29 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 31 March 2023 39,740 92,325 6,790 138,855
Additions 3,340 - - 3,340
At 29 March 2024 43,080 92,325 6,790 142,195
DEPRECIATION
At 31 March 2023 18,807 31,781 3,399 53,987
Charge for period 6,068 15,136 1,130 22,334
At 29 March 2024 24,875 46,917 4,529 76,321
NET BOOK VALUE
At 29 March 2024 18,205 45,408 2,261 65,874
At 30 March 2023 20,933 60,544 3,391 84,868

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 31 March 2023 71,217
Transfer to ownership (27,717 )
At 29 March 2024 43,500
DEPRECIATION
At 31 March 2023 23,001
Charge for period 12,054
Transfer to ownership (12,126 )
At 29 March 2024 22,929
NET BOOK VALUE
At 29 March 2024 20,571
At 30 March 2023 48,216

High Peak Utilities Limited (Registered number: 09806492)

Notes to the Financial Statements - continued
for the Period 31 March 2023 to 29 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,764 80,884
Other debtors 48,590 41,459
102,354 122,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,000 9,000
Hire purchase contracts 9,788 16,790
Trade creditors 4,700 3,353
Taxation and social security 8,294 3,606
Other creditors 10,220 27,638
42,002 60,387

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,186 20,147
Hire purchase contracts 13,050 22,838
24,236 42,985

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 22,838 39,628

Hire purchase debts are secured against the assets to which they relate.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 29 March 2024 and 30 March 2023:

2024 2023
£    £   
J McMullan
Balance outstanding at start of period - -
Amounts advanced 19,754 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 19,754 -