Company Registration No. 01821925 (England and Wales)
Heights (UK) Limited
Unaudited financial statements
for the year ended 31 December 2025
Pages for filing with the registrar
Heights (UK) Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 11
Heights (UK) Limited
Balance sheet
As at 31 December 2025
1
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,001,713
1,918,842
Investments
4
32,000
-
0
2,033,713
1,918,842
Current assets
Stocks
1,226,560
1,126,152
Debtors
6
370,662
437,466
Cash at bank and in hand
957,558
943,647
2,554,780
2,507,265
Creditors: amounts falling due within one year
7
(818,152)
(728,089)
Net current assets
1,736,628
1,779,176
Total assets less current liabilities
3,770,341
3,698,018
Creditors: amounts falling due after more than one year
8
(206,564)
(265,814)
Net assets
3,563,777
3,432,204
Capital and reserves
Called up share capital
1,000,000
1,000,000
Other reserves
99,998
99,998
Profit and loss reserves
2,463,779
2,332,206
Total equity
3,563,777
3,432,204

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Heights (UK) Limited
Balance sheet (continued)
As at 31 December 2025
2
The financial statements were approved by the board of directors and authorised for issue on 16 April 2026 and are signed on its behalf by:
Gary Jones
Director
Company Registration No. 01821925
Heights (UK) Limited
Notes to the financial statements
For the year ended 31 December 2025
3
1
Accounting policies
Company information

Heights (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wainstalls Mill, Wainstalls, Halifax, West Yorkshire, HX2 7TJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The accounts have been prepared on a going concern basis as the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Heights (UK) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
4

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings freehold
Over 30 years
Land and buildings leasehold
Over the life of the lease
Plant and machinery
10% straight line
Fixtures, fittings & equipment
3 - 8 years straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Heights (UK) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
5

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.10
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Heights (UK) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
6
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.11
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.12
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Heights (UK) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
7
Deferred tax
Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.
A net deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.15
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.16
Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. The receipt of the grant in the current and prior year was conditional on specific criteria being met, both within the year and going forward.
Heights (UK) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
8
1.17
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
29
30
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2025
2,202,156
3,876,108
6,078,264
Additions
96,189
90,193
186,382
Disposals
-
0
(55,727)
(55,727)
At 31 December 2025
2,298,345
3,910,574
6,208,919
Depreciation and impairment
At 1 January 2025
408,923
3,750,499
4,159,422
Depreciation charged in the year
55,267
46,413
101,680
Eliminated in respect of disposals
-
0
(53,896)
(53,896)
At 31 December 2025
464,190
3,743,016
4,207,206
Carrying amount
At 31 December 2025
1,834,155
167,558
2,001,713
At 31 December 2024
1,793,233
125,609
1,918,842
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
32,000
-
0
Heights (UK) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
4
Fixed asset investments (continued)
9
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2025 & 31 December 2025
32,000
Impairment
At 1 January 2025
32,000
Impairment loss reversals
(32,000)
At 31 December 2025
-
Carrying amount
At 31 December 2025
32,000
At 31 December 2024
-
5
Subsidiaries

These financial statements are separate company financial statements for Heights (UK) Limited.

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Heights-USA, inc
USA
Ordinary
100
-
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
Heights-USA, inc
241,140
99,547

Investments in subsidiaries are stated at cost of £32,000. During the year, the company reversed a previously recognised impairment loss of £32,000. This reversal reflects the subsidiary’s continued improvement in financial performance and the return to positive retained reserves. The carrying amount has not been increased above the value that would have been determined had no impairment been recognised in prior periods.

Heights (UK) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
10
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
247,683
194,992
Amounts owed by group undertakings
53,985
141,742
Other debtors
68,994
100,732
370,662
437,466
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
278,804
247,735
Taxation and social security
16,607
20,355
Other creditors
522,741
459,999
818,152
728,089
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
206,564
265,814
9
Share option scheme

In 2023, the company entered into an EMI scheme for the benefit of one of the directors. The scheme allows the director to acquire shares in the event of an exit. The directors consider that the impact of this scheme for accounting purposes was not material. No options have been exercised during the year.

Heights (UK) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
11
10
Operating lease commitments
Lessor

At the reporting end date the company had contracted with customers for the following minimum lease payments:

2025
2024
£
£
85,417
110,417
11
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

In the prior year, the company occupied property on a rent free basis owned by the G & S Jones Partnership, an entity controlled by G & S Jones. Heights (UK) Ltd purchased the property during the year ended 31 December 2024 for its market value for £450,000.

At the year-end the company was owed £53,985 (2024: £141,742 ) by its wholly owned subsidiary Heights USA, inc. Management fees of £47,625 (2024: £46,690) were charged by the company to Heights USA, Inc.

At the year-end the company was owed £83,262 (2024: £28,275) by a MSA Engineering Systems Limited, a company under common control.

At the year-end amounts of £241,524 were owed by the company to G & S Jones (2024: £341,664).

2025-12-31 2025-01-01 false false false 19 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Gary Jones Susan Jones Morgan Jones Elinor Robinson J Barrans Susan Jones 01821925 2025-01-01 2025-12-31 01821925 2025-12-31 01821925 2024-12-31 01821925 core:LandBuildings 2025-12-31 01821925 core:OtherPropertyPlantEquipment 2025-12-31 01821925 core:LandBuildings 2024-12-31 01821925 core:OtherPropertyPlantEquipment 2024-12-31 01821925 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 01821925 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01821925 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 01821925 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 01821925 core:CurrentFinancialInstruments 2025-12-31 01821925 core:CurrentFinancialInstruments 2024-12-31 01821925 core:ShareCapital 2025-12-31 01821925 core:ShareCapital 2024-12-31 01821925 core:OtherMiscellaneousReserve 2025-12-31 01821925 core:OtherMiscellaneousReserve 2024-12-31 01821925 core:RetainedEarningsAccumulatedLosses 2025-12-31 01821925 core:RetainedEarningsAccumulatedLosses 2024-12-31 01821925 bus:Director1 2025-01-01 2025-12-31 01821925 core:LandBuildings core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01821925 core:LandBuildings core:LongLeaseholdAssets 2025-01-01 2025-12-31 01821925 core:PlantMachinery 2025-01-01 2025-12-31 01821925 core:FurnitureFittings 2025-01-01 2025-12-31 01821925 core:MotorVehicles 2025-01-01 2025-12-31 01821925 2024-01-01 2024-12-31 01821925 core:LandBuildings 2024-12-31 01821925 core:OtherPropertyPlantEquipment 2024-12-31 01821925 2024-12-31 01821925 core:LandBuildings 2025-01-01 2025-12-31 01821925 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 01821925 core:Subsidiary1 2025-01-01 2025-12-31 01821925 core:Subsidiary1 1 2025-01-01 2025-12-31 01821925 core:Subsidiary1 2025-12-31 01821925 core:Non-currentFinancialInstruments 2025-12-31 01821925 core:Non-currentFinancialInstruments 2024-12-31 01821925 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01821925 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01821925 bus:FRS102 2025-01-01 2025-12-31 01821925 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 01821925 bus:Director2 2025-01-01 2025-12-31 01821925 bus:Director3 2025-01-01 2025-12-31 01821925 bus:Director4 2025-01-01 2025-12-31 01821925 bus:Director5 2025-01-01 2025-12-31 01821925 bus:CompanySecretary1 2025-01-01 2025-12-31 01821925 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP