Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 SC183396 Mrs K Haggart Mr G Haggart Mrs K Haggart iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC183396 2024-02-29 SC183396 2025-02-28 SC183396 2024-03-01 2025-02-28 SC183396 frs-core:CurrentFinancialInstruments 2025-02-28 SC183396 frs-core:Non-currentFinancialInstruments 2025-02-28 SC183396 frs-core:ComputerEquipment 2025-02-28 SC183396 frs-core:ComputerEquipment 2024-03-01 2025-02-28 SC183396 frs-core:ComputerEquipment 2024-02-29 SC183396 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 SC183396 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC183396 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 SC183396 frs-core:MotorVehicles 2025-02-28 SC183396 frs-core:MotorVehicles 2024-03-01 2025-02-28 SC183396 frs-core:MotorVehicles 2024-02-29 SC183396 frs-core:PlantMachinery 2025-02-28 SC183396 frs-core:PlantMachinery 2024-03-01 2025-02-28 SC183396 frs-core:PlantMachinery 2024-02-29 SC183396 frs-core:WithinOneYear 2025-02-28 SC183396 frs-core:ShareCapital 2025-02-28 SC183396 frs-core:RetainedEarningsAccumulatedLosses 2024-03-01 2025-02-28 SC183396 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 SC183396 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC183396 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 SC183396 frs-bus:SmallEntities 2024-03-01 2025-02-28 SC183396 frs-bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 SC183396 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 SC183396 frs-bus:Director1 2024-03-01 2025-02-28 SC183396 frs-bus:Director1 2024-02-29 SC183396 frs-bus:Director1 2025-02-28 SC183396 frs-bus:Director2 2024-03-01 2025-02-28 SC183396 frs-bus:Director2 2024-02-29 SC183396 frs-bus:Director2 2025-02-28 SC183396 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 SC183396 frs-countries:Scotland 2024-03-01 2025-02-28 SC183396 2023-02-28 SC183396 2024-02-29 SC183396 2023-03-01 2024-02-29 SC183396 frs-core:CurrentFinancialInstruments 2024-02-29 SC183396 frs-core:Non-currentFinancialInstruments 2024-02-29 SC183396 frs-core:WithinOneYear 2024-02-29 SC183396 frs-core:ShareCapital 2023-02-28 SC183396 frs-core:ShareCapital 2024-02-29 SC183396 frs-core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 SC183396 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-02-28 SC183396 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: SC183396
Highland Star Well Services Ltd.
Unaudited Financial Statements
For The Year Ended 28 February 2025
Nuvo Scotland Limited
Contents
Page
Accountants' Report 1
Balance Sheet 2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Highland Star Well Services Ltd. for the year ended 28 February 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other
professional requirements which are detailed at http://www.accaglobal.com/rulebook.
This report is made solely to the Board of Directors of Highland Star Well Services Ltd. , 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 Highland Star Well Services Ltd. and state those matters that we have agreed to state to the Board of Directors of Highland Star Well Services Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.
You have acknowledged on the balance sheet as at year ended 28 February 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements.
25 July 2025
Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
Page 1
Page 2
Balance Sheet
Registered number: SC183396
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,252 2,032
7,252 2,032
CURRENT ASSETS
Stocks 5 52,500 48,400
Cash at bank and in hand 24,021 -
76,521 48,400
Creditors: Amounts Falling Due Within One Year 6 (77,959 ) (111,092 )
NET CURRENT ASSETS (LIABILITIES) (1,438 ) (62,692 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,814 (60,660 )
Creditors: Amounts Falling Due After More Than One Year 7 (5,000 ) (9,584 )
NET ASSETS/(LIABILITIES) 814 (70,244 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 714 (70,344 )
SHAREHOLDERS' FUNDS 814 (70,244)
For the year ending 28 February 2025 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs K Haggart
Director
23 July 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 March 2023 100 (49,473 ) (49,373)
Loss for the year and total comprehensive income - (20,871 ) (20,871)
As at 29 February 2024 and 1 March 2024 100 (70,344 ) (70,244)
Profit for the year and total comprehensive income - 117,058 117,058
Dividends paid - (46,000) (46,000)
As at 28 February 2025 100 714 814
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Highland Star Well Services Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC183396 . The registered office is Kargarrie House, Lundie, Edzell, Brechin, DD9 7QN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Improvements to property 10% On Cost
Plant & Machinery 25% On Cost
Motor Vehicles 25% On Cost
Computer Equipment 33% On Cost
The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period.  The effect of any change is accounted for prospectively
2.4. Stocks and Work in Progress
Livestock is valued at the lower of cost and net realisable value.
2.5. Financial Instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price
including transaction costs.
Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.
Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price. 
Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method. 
Financial liabilities are derecognised when the company's contractual obligations are discharged.
Equity instruments 
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. 
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Improvements to property Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2024 22,588 105,804 39,668 1,372 169,432
Additions - 6,223 - - 6,223
As at 28 February 2025 22,588 112,027 39,668 1,372 175,655
Depreciation
As at 1 March 2024 21,911 105,584 39,668 237 167,400
Provided during the period 83 462 - 458 1,003
As at 28 February 2025 21,994 106,046 39,668 695 168,403
Net Book Value
As at 28 February 2025 594 5,981 - 677 7,252
As at 1 March 2024 677 220 - 1,135 2,032
5. Stocks
2025 2024
£ £
Stock 52,500 48,400
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 4,584 23,429
Other creditors 47,396 84,744
Taxation and social security 25,979 2,919
77,959 111,092
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Page 6
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 5,000 9,584
8. Secured Creditors
There is a floating charge in favour of the Clydesdale Bank PLC over land owned by the directors at
Middle Lundie, Edzell, Angus.
2025 2024
£ £
Bank loans and overdrafts 9,584 33,013
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 9,000 9,000
9,000 9,000
10. Directors Advances, Credits and Guarantees
Included within Creditors is the following loans to the directors:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mrs Karen Haggart (41,776 ) 18,645 312 - (23,443 )
Mr Garry Haggart (41,776 ) 18,645 312 - (23,443 )
The above loan has no interest and no fixed repayment terms.
Page 6