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REGISTERED NUMBER: 00889412 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

HIGHLAND ELECTRIX (BRIDGEND) LIMITED

HIGHLAND ELECTRIX (BRIDGEND) LIMITED (REGISTERED NUMBER: 00889412)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGHLAND ELECTRIX (BRIDGEND) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: P R Caddy
C N Caddy
A B Caddy





SECRETARY: C N Caddy





REGISTERED OFFICE: 1A and 1B Attlee Street
Brynmenyn
Bridgend
CF32 9TQ





REGISTERED NUMBER: 00889412 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Court House
Court Road
Bridgend
CF31 1BE

HIGHLAND ELECTRIX (BRIDGEND) LIMITED (REGISTERED NUMBER: 00889412)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 106,840 95,347

CURRENT ASSETS
Stocks 112,814 50,000
Debtors 5 445,930 543,820
Cash at bank 110 86
558,854 593,906
CREDITORS
Amounts falling due within one year 6 1,211,815 1,108,291
NET CURRENT LIABILITIES (652,961 ) (514,385 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(546,121

)

(419,038

)

CREDITORS
Amounts falling due after more than one
year

7

107,935

143,875
NET LIABILITIES (654,056 ) (562,913 )

CAPITAL AND RESERVES
Called up share capital 62 62
Share premium 46,887 46,887
Other reserves 95 95
Retained earnings (701,100 ) (609,957 )
(654,056 ) (562,913 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HIGHLAND ELECTRIX (BRIDGEND) LIMITED (REGISTERED NUMBER: 00889412)

BALANCE SHEET - continued
31 OCTOBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





A B Caddy - Director


HIGHLAND ELECTRIX (BRIDGEND) LIMITED (REGISTERED NUMBER: 00889412)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Highland Electrix (Bridgend) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The accounts are prepared on the going concern basis. This basis is deemed appropriate due to the continuing support of the parent company and the company's bankers.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost, 25% on cost, 25% on reducing balance, 10% on reducing balance and 2% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


HIGHLAND ELECTRIX (BRIDGEND) LIMITED (REGISTERED NUMBER: 00889412)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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 year 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.

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 year was 33 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 November 2023 340,173
Additions 32,995
At 31 October 2024 373,168
DEPRECIATION
At 1 November 2023 244,826
Charge for year 21,502
At 31 October 2024 266,328
NET BOOK VALUE
At 31 October 2024 106,840
At 31 October 2023 95,347

HIGHLAND ELECTRIX (BRIDGEND) LIMITED (REGISTERED NUMBER: 00889412)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 November 2023 72,080
Additions 32,995
At 31 October 2024 105,075
DEPRECIATION
At 1 November 2023 18,911
Charge for year 16,042
At 31 October 2024 34,953
NET BOOK VALUE
At 31 October 2024 70,122
At 31 October 2023 53,169

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 331,029 433,916
Amounts recoverable on contract 110,766 104,668
Other debtors 4,135 5,236
445,930 543,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 198,616 222,028
Hire purchase contracts 14,298 8,644
Trade creditors 322,121 395,692
Amounts owed to group undertakings 401,949 303,949
Taxation and social security 147,363 119,336
Other creditors 127,468 58,642
1,211,815 1,108,291

HIGHLAND ELECTRIX (BRIDGEND) LIMITED (REGISTERED NUMBER: 00889412)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 50,000 100,000
Hire purchase contracts 57,935 43,875
107,935 143,875

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end £95,142 (2023: £28,036) was due to the directors. This amount is interest free and is repayable on demand.

9. RELATED PARTY DISCLOSURES

The company rents a premises from Caddy Holdings Bridgend Limited for nil cost.

Included in creditors is an amount of £401,949 (2023: £303,049) due to Caddy Holdings Bridgend Limited.

Caddy Holdings Bridgend Limited is the majority shareholder of Highland Electrix (Bridgend) Limited.