HIGHLAND HERITAGE WOODWORKS LIMITED


Directors	BALAMS, Armands
	PHILLIPS, Guy Matthew


Registered Address	Dairy Buildings
	Dunecht Estate
	Dunecht
	AB32 7DD


Registered Number	SC690538 (Scotland)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		21,000		-
Tangible assets	4		579,761		156,274
			600,761		156,274
Current assets
Stocks	5	83,163		47,800
Debtors	6	81,797		68,199
Cash at bank and on hand		-		5,990
		164,960		121,989
Creditors amounts falling due within one year	7	(310,475)		(37,317)
Net current assets (liabilities)			(145,515)		84,672
Total assets less current liabilities			455,246		240,946
Creditors amounts falling due after one year	8		(416,652)		(218,496)
Provisions for liabilities	10		(17,322)		-
Net assets			21,272		22,450
Capital and reserves
Called up share capital			100		100
Profit and loss account			21,172		22,350
Shareholders' funds			21,272		22,450

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 October 2025, and are signed on its behalf by:

PHILLIPS, Guy Matthew
Director
Registered Company No. SC690538

HIGHLAND HERITAGE WOODWORKS LIMITED

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant & Machinery 3,5 and 15 years straight line. Land & Buildings 8.5 and 9 years.


		Straight line (years)
	Land and buildings	9
	Plant and machinery	15
	Vehicles	2
	Office Equipment	2

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	9		5

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
Additions	21,000	21,000
At 28 February 25	21,000	21,000
Net book value
At 28 February 25	21,000	21,000
At 29 February 24	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 March 24	28,239	162,276	1,250	529	192,294
Additions	89,355	354,103	12,500	-	455,958
At 28 February 25	117,594	516,379	13,750	529	648,252
Depreciation and impairment
At 01 March 24	859	34,552	521	88	36,020
Charge for year	6,090	19,763	6,354	264	32,471
At 28 February 25	6,949	54,315	6,875	352	68,491
Net book value
At 28 February 25	110,645	462,064	6,875	177	579,761
At 29 February 24	27,380	127,724	729	441	156,274

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	83,163	47,800
Total	83,163	47,800

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	43,926	45,232
Amounts owed by associates and joint ventures / participating interests	706	21,300
Other debtors	15,949	-
Prepayments and accrued income	21,216	1,667
Total	81,797	68,199

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	172,673	9,150
Bank borrowings and overdrafts	18,772	-
Taxation and social security	7,199	1,435
Other creditors	58,136	13,801
Accrued liabilities and deferred income	53,695	12,931
Total	310,475	37,317

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	109,268	48,500
Amounts owed to related parties	189,566	169,996
Other creditors	117,818	-
Total	416,652	218,496

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	1,057		-

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	17,322	-
Total	17,322	-