Company Registration No. SC494358 (Scotland)
Highland Films Limited
Unaudited accounts
for the year ended 31 March 2025
Highland Films Limited
Unaudited accounts
Contents
Highland Films Limited
Company Information
for the year ended 31 March 2025
Director
Christopher Fergusson
Secretary
Emily Jayne Gilbert
Company Number
SC494358 (Scotland)
Registered Office
66, Atheling Grove
South Queensferry
EH30 9PG
Scotland
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
Highland Films Limited
Statement of financial position
as at 31 March 2025
Tangible assets
22,058
26,388
Cash at bank and in hand
1,969
14,746
Creditors: amounts falling due within one year
(2,781)
(6,848)
Net current assets
1,426
8,527
Total assets less current liabilities
23,484
34,915
Creditors: amounts falling due after more than one year
(1,302)
(3,175)
Provisions for liabilities
Deferred tax
(3,517)
(7,061)
Called up share capital
100
100
Profit and loss account
18,565
24,579
Shareholders' funds
18,665
24,679
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 December 2025 and were signed on its behalf by
Christopher Fergusson
Director
Company Registration No. SC494358
Highland Films Limited
Notes to the Accounts
for the year ended 31 March 2025
Highland Films Limited is a private company, limited by shares, registered in Scotland, registration number SC494358. The registered office is 66, Atheling Grove, South Queensferry, EH30 9PG, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Computer equipment
20% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Highland Films Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
73,805
8,555
82,360
At 31 March 2025
74,885
8,555
83,440
At 1 April 2024
51,684
4,288
55,972
Charge for the year
4,556
854
5,410
At 31 March 2025
56,240
5,142
61,382
At 31 March 2025
18,645
3,413
22,058
At 31 March 2024
22,121
4,267
26,388
Amounts falling due within one year
Accrued income and prepayments
359
629
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
1,884
1,772
Taxes and social security
-
4,239
Loans from directors
-
124
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).