M Higgs Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07165317 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

M Higgs Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Ms H Campbell

Mr M Higgs

REGISTERED OFFICE:

3 Dyffryn Glas

Greenfield

Holywell

Clwyd

CH8 7RU

REGISTERED NUMBER:

07165317 (England and Wales)

ACCOUNTANTS:

Chandler and Partners Limited

5 Moor Street

Worcester

Worcestershire

WR1 3DB

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M Higgs Limited for the year ended 28 February 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of M Higgs Limited, 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 M Higgs Limited and state those matters that we have agreed to state to the Board of Directors of M Higgs Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M Higgs Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M Higgs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M Higgs Limited. You consider that M Higgs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M Higgs Limited. 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 statutory financial statements.

Chandler and Partners Limited

5 Moor Street

Worcester

Worcestershire

WR1 3DB

Date: .............................................

FIXED ASSETS

Tangible assets

4

4,056

5,474

CURRENT ASSETS

Debtors

5

5,142

15,730

Cash at bank and in hand

18,313

20,440

23,455

36,170

CREDITORS

Amounts falling due within one year

6

16,088

26,098

NET CURRENT ASSETS

7,367

10,072

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,423

15,546

CREDITORS

Amounts falling due after more than one
year

7

11,330

13,997

NET ASSETS

93

1,549

CAPITAL AND RESERVES

Called up share capital

60

Retained earnings

33

1,489

93

1,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 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 14 August 2025 and were signed on its behalf by:

Mr M Higgs - Director

Ms H Campbell - Director

1.	STATUTORY INFORMATION

M Higgs 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 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 29 February 2024

and 28 February 2025

7,554

18,000

2,527

28,081

DEPRECIATION

At 29 February 2024

4,936

16,198

1,473

22,607

Charge for year

703

451

264

1,418

At 28 February 2025

5,639

16,649

1,737

24,025

NET BOOK VALUE

At 28 February 2025

1,915

1,351

790

4,056

At 28 February 2024

2,618

1,802

1,054

5,474

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

Trade debtors

218

9,158

Directors' current accounts

2,799

6,572

VAT

2,125

-

5,142

15,730

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

Bank loans and overdrafts

2,666

Tax

7,778

15,720

VAT

-

3,368

Accrued expenses

5,644

4,344

16,088

26,098

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28.2.25

28.2.24

£

Bank loans - 1-2 years

2,666

Bank loans - 2-5 years

5,333

Bank loans more 5 yr by instal

3,331

5,998

11,330

13,997

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,331

5,998

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 28th February 2025 there was a loan balance of £2,799 owing from the Director to the Company. The loan is repayable within 9 months of the year end and interest has not been charged.