REGISTERED NUMBER: 06710901 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HIGSON APS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Higson

SECRETARY:

REGISTERED OFFICE:

45 Queen Street

Deal

Kent

CT14 6EY

REGISTERED NUMBER:

06710901 (England and Wales)

CURRENT ASSETS

Debtors

4

379,972

474,571

Cash at bank

20,080

1,717

400,052

476,288

CREDITORS

Amounts falling due within one year

5

273,677

297,271

NET CURRENT ASSETS

126,375

179,017

TOTAL ASSETS LESS CURRENT LIABILITIES

126,375

179,017

CREDITORS

Amounts falling due after more than one year

6

-

9,957

NET ASSETS

126,375

169,060

CAPITAL AND RESERVES

Called up share capital

7

20,000

20,000

Capital redemption reserve

100

100

Retained earnings

106,275

148,960

SHAREHOLDERS' FUNDS

126,375

169,060

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2025 and were signed by:

P J L Higson - Director

1.	STATUTORY INFORMATION

Higson APS 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.

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

19,655

62,956

Other debtors

25,000

25,000

44,655

87,956

2024

2023

£

£

Amounts falling due after more than one year:

Other debtors

335,317

386,615

Aggregate amounts

379,972

474,571

Other debtors represents the amount owing to the company for the sale of the business under the terms of the deferred consideration. The amount is payable for a five year period to 31 October 2030. At the date of approval of these accounts, all instalments were paid up to date.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

12,084

5,000

Tax

41,240

43,820

Social security and other taxes

91,670

129,610

VAT

102,746

68,457

N West Ltd credit card

-

1,182

Directors' current accounts

24,325

47,590

Accrued expenses

1,612

1,612

273,677

297,271

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

-

9,957

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

20,000

Ordinary

£1

20,000

20,000

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

P Higson

Balance outstanding at start of year

47,590

(74,826

)

Amounts repaid

(23,265

)

(122,416

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

24,325

47,590

9.	POST BALANCE SHEET EVENTS

In April 2024 HMRC issued a winding up Petition against the company for outstanding taxes. The amount is disputed by the company and discussions continue to be held to resolve the matter and agree a payment schedule. In light of the continuing dispute with HMRC, in September 2025 the company entered into a Voluntary Arrangement ("CVA") in order to protect the business. The CVA has the intention of paying off all creditors in full within 3 years.

In the meantime, the Director has confirmed that he will continue to support the company until the above matter is resolved.

No adjustment has been made in these accounts for any significant change in the company's financial position, should the company be wound up.