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Registered number: 07975602
Highedge Plant & Transport Limited
Financial Statements
For The Year Ended 31 March 2025
Easy Accounts Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07975602
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 45,000 45,000
Tangible Assets 5 32,099 23,027
77,099 68,027
CURRENT ASSETS
Debtors 6 6,012 4,020
Cash at bank and in hand 21,370 19,093
27,382 23,113
Creditors: Amounts Falling Due Within One Year 7 (13,075 ) (14,380 )
NET CURRENT ASSETS (LIABILITIES) 14,307 8,733
TOTAL ASSETS LESS CURRENT LIABILITIES 91,406 76,760
NET ASSETS 91,406 76,760
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 91,405 76,759
SHAREHOLDERS' FUNDS 91,406 76,760
Page 1
Page 2
For the year ending 31 March 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
Mr Adrian Emmerson
Director
16/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Highedge Plant & Transport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07975602 . The registered office is Fairways Nodin Hill, Nether Heage, Belper, Derbyshire, DE56 2JY.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on cost
Computer Equipment 25% on reducing balance
2.5. 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 year 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 45,000
As at 31 March 2025 45,000
Net Book Value
As at 31 March 2025 45,000
As at 1 April 2024 45,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 20,731 31,138 1,140 53,009
Additions 3,270 16,500 - 19,770
As at 31 March 2025 24,001 47,638 1,140 72,779
Depreciation
As at 1 April 2024 15,448 13,623 911 29,982
Provided during the period 2,138 8,503 57 10,698
As at 31 March 2025 17,586 22,126 968 40,680
Net Book Value
As at 31 March 2025 6,415 25,512 172 32,099
As at 1 April 2024 5,283 17,515 229 23,027
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 6,012 4,020
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 683 514
Corporation tax 1,622 998
Other taxes and social security 99 -
VAT 589 2,200
Other creditors 24 24
Accruals and deferred income 620 620
Directors' loan accounts 9,438 10,024
13,075 14,380
Page 4
Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 5