IRIS Accounts Production v25.1.4.42 12668749 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh126687492023-12-31126687492024-12-31126687492024-01-012024-12-31126687492022-12-31126687492023-01-012023-12-31126687492023-12-3112668749ns15:EnglandWales2024-01-012024-12-3112668749ns14:PoundSterling2024-01-012024-12-3112668749ns10:Director12024-01-012024-12-3112668749ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3112668749ns10:SmallEntities2024-01-012024-12-3112668749ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3112668749ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3112668749ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3112668749ns10:FullAccounts2024-01-012024-12-311266874912024-01-012024-12-3112668749ns10:Director22024-01-012024-12-3112668749ns10:RegisteredOffice2024-01-012024-12-3112668749ns5:CurrentFinancialInstruments2024-12-3112668749ns5:CurrentFinancialInstruments2023-12-3112668749ns5:ShareCapital2024-12-3112668749ns5:ShareCapital2023-12-3112668749ns5:RetainedEarningsAccumulatedLosses2024-12-3112668749ns5:RetainedEarningsAccumulatedLosses2023-12-3112668749ns5:NetGoodwill2024-01-012024-12-3112668749ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3112668749ns5:MotorVehicles2024-01-012024-12-3112668749ns5:ComputerEquipment2024-01-012024-12-3112668749ns5:NetGoodwill2023-12-3112668749ns5:NetGoodwill2024-12-3112668749ns5:NetGoodwill2023-12-3112668749ns5:MotorVehicles2023-12-3112668749ns5:ComputerEquipment2023-12-3112668749ns5:MotorVehicles2024-12-3112668749ns5:ComputerEquipment2024-12-3112668749ns5:MotorVehicles2023-12-3112668749ns5:ComputerEquipment2023-12-3112668749ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3112668749ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 12668749 (England and Wales)












THE HIGHFIELD BUILDING COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






THE HIGHFIELD BUILDING COMPANY LIMITED (REGISTERED NUMBER: 12668749)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE HIGHFIELD BUILDING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: P Marston
Mrs K M Marston





REGISTERED OFFICE: 29 Carlton Crescent
Southampton
Hampshire
SO15 2EW





REGISTERED NUMBER: 12668749 (England and Wales)

THE HIGHFIELD BUILDING COMPANY LIMITED (REGISTERED NUMBER: 12668749)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 130,051 151,726
Tangible assets 5 30,911 41,303
160,962 193,029

CURRENT ASSETS
Debtors 6 5,422 118,280
Investments 7 130,000 -
Cash at bank 606,912 393,524
742,334 511,804
CREDITORS
Amounts falling due within one year 8 (91,265 ) (86,839 )
NET CURRENT ASSETS 651,069 424,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

812,031

617,994

PROVISIONS FOR LIABILITIES (7,728 ) (10,326 )
NET ASSETS 804,303 607,668

CAPITAL AND RESERVES
Called up share capital 216,852 216,852
Retained earnings 587,451 390,816
804,303 607,668

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

THE HIGHFIELD BUILDING COMPANY LIMITED (REGISTERED NUMBER: 12668749)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by:





P Marston - Director


THE HIGHFIELD BUILDING COMPANY LIMITED (REGISTERED NUMBER: 12668749)

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


1. STATUTORY INFORMATION

The Highfield Building Company 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover represents the value of services provided, net of VAT, under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Turnover is recognised at the point that a candidate starts their placement.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% Reducing balance
Computer equipment - Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

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


THE HIGHFIELD BUILDING COMPANY LIMITED (REGISTERED NUMBER: 12668749)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Current asset investments
Amounts included in current asset investments mature in more than three months from the date of acquisition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

THE HIGHFIELD BUILDING COMPANY LIMITED (REGISTERED NUMBER: 12668749)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2024
and 31 December 2024 216,752
AMORTISATION
At 1 January 2024 65,026
Charge for year 21,675
At 31 December 2024 86,701
NET BOOK VALUE
At 31 December 2024 130,051
At 31 December 2023 151,726

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 January 2024 47,855 3,713 51,568
Additions - 483 483
At 31 December 2024 47,855 4,196 52,051
DEPRECIATION
At 1 January 2024 8,973 1,292 10,265
Charge for year 9,720 1,155 10,875
At 31 December 2024 18,693 2,447 21,140
NET BOOK VALUE
At 31 December 2024 29,162 1,749 30,911
At 31 December 2023 38,882 2,421 41,303

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 81,762
Other debtors 5,422 36,518
5,422 118,280

7. CURRENT ASSET INVESTMENTS
2024 2023
£ £
Other 130,000 -

THE HIGHFIELD BUILDING COMPANY LIMITED (REGISTERED NUMBER: 12668749)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 6,842 4,632
Taxation and social security 81,269 35,747
Other creditors 3,154 46,460
91,265 86,839