1 November 2024 false No description of principal activity Taxfiler 2024.6 SC236789 business:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 SC236789 2024-10-31 SC236789 2024-11-01 2025-10-31 SC236789 business:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 SC236789 business:AbridgedAccounts 2024-11-01 2025-10-31 SC236789 2025-10-31 SC236789 business:Director1 2024-11-01 2025-10-31 SC236789 business:RegisteredOffice 2024-11-01 2025-10-31 SC236789 2024-10-31 SC236789 core:WithinOneYear 2025-10-31 SC236789 core:WithinOneYear 2024-10-31 SC236789 core:AfterOneYear 2025-10-31 SC236789 core:AfterOneYear 2024-10-31 SC236789 core:ShareCapital core:PreviouslyStatedAmount 2025-10-31 SC236789 core:ShareCapital core:PreviouslyStatedAmount 2024-10-31 SC236789 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-10-31 SC236789 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-10-31 SC236789 core:PreviouslyStatedAmount 2025-10-31 SC236789 core:PreviouslyStatedAmount 2024-10-31 SC236789 business:SmallEntities 2024-11-01 2025-10-31 SC236789 countries:Scotland 2024-11-01 2025-10-31 SC236789 core:PlantMachinery 2024-11-01 2025-10-31 SC236789 core:MotorVehicles 2024-11-01 2025-10-31 SC236789 core:ComputerEquipment 2024-11-01 2025-10-31 SC236789 core:MotorVehicles core:LeasedAssetsHeldAsLessee 2025-10-31 SC236789 core:MotorVehicles core:LeasedAssetsHeldAsLessee 2024-10-31 SC236789 core:MoreThanFiveYears 2025-10-31 SC236789 core:MoreThanFiveYears 2024-10-31 SC236789 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC236789 (Scotland)
Highland Slaters Ltd. Unaudited accounts for the year ended 31 October 2025
Highland Slaters Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Highland Slaters Ltd. Company Information for the year ended 31 October 2025
Director
J MacRae
Company Number
SC236789 (Scotland)
Registered Office
19 Carsegate Road Carse Industrial Estate Inverness IV3 8EX
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Highland Slaters Ltd. Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
86,390
103,272
Current assets
Inventories
13,668
8,956
Debtors
7,178
7,115
Cash at bank and in hand
55,373
8,937
76,219
25,008
Creditors: amounts falling due within one year
(66,764)
(48,669)
Net current assets/(liabilities)
9,455
(23,661)
Total assets less current liabilities
95,845
79,611
Creditors: amounts falling due after more than one year
-
(1,444)
Provisions for liabilities
Deferred tax
(18,228)
(19,621)
Net assets
77,617
58,546
Capital and reserves
Called up share capital
105
105
Profit and loss account
77,512
58,441
Shareholders' funds
77,617
58,546
For the year ending 31 October 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 7 April 2026 and were signed on its behalf by
J MacRae Director Company Registration No. SC236789
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Highland Slaters Ltd. Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Highland Slaters Ltd. is a private company, limited by shares, registered in Scotland, registration number SC236789. The registered office is 19 Carsegate Road, Carse Industrial Estate, Inverness, IV3 8EX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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
15% reducing balance
Motor vehicles
15% and 25% reducing balance
Computer equipment
15% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Highland Slaters Ltd. Notes to the Accounts for the year ended 31 October 2025
Deferred taxation
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Total
£
Cost
At 1 November 2024
10,000
At 31 October 2025
10,000
Amortisation
At 1 November 2024
10,000
At 31 October 2025
10,000
Net book value
At 31 October 2025
-
5
Tangible fixed assets
Total
£
Cost or valuation
At 1 November 2024
163,563
Additions
7,779
Disposals
(26,869)
At 31 October 2025
144,473
Depreciation
At 1 November 2024
60,291
Charge for the year
13,115
On disposals
(15,323)
At 31 October 2025
58,083
Net book value
At 31 October 2025
86,390
At 31 October 2024
103,272
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
6,855
9,140
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Highland Slaters Ltd. Notes to the Accounts for the year ended 31 October 2025
6
Operating lease commitments
2025
2024
£
£
At 31 October 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than five years
222,639
287,325
7
Average number of employees
During the year the average number of employees was 3 (2024: 5).
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