1 September 2024 false No description of principal activity Taxfiler 2024.6 06996280 business:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 06996280 2024-08-31 06996280 2024-09-01 2025-08-31 06996280 business:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 06996280 business:AbridgedAccounts 2024-09-01 2025-08-31 06996280 2025-08-31 06996280 2024-08-31 06996280 core:WithinOneYear 2025-08-31 06996280 core:WithinOneYear 2024-08-31 06996280 core:AfterOneYear 2025-08-31 06996280 core:AfterOneYear 2024-08-31 06996280 core:ShareCapital core:PreviouslyStatedAmount 2025-08-31 06996280 core:ShareCapital core:PreviouslyStatedAmount 2024-08-31 06996280 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-08-31 06996280 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-08-31 06996280 core:PreviouslyStatedAmount 2025-08-31 06996280 core:PreviouslyStatedAmount 2024-08-31 06996280 business:SmallEntities 2024-09-01 2025-08-31 06996280 business:Director2 2024-09-01 2025-08-31 06996280 countries:EnglandWales 2024-09-01 2025-08-31 06996280 business:RegisteredOffice 2024-09-01 2025-08-31 06996280 core:AcceleratedTaxDepreciationDeferredTax 2025-08-31 06996280 core:AcceleratedTaxDepreciationDeferredTax 2024-08-31 06996280 2023-08-31 06996280 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Company Registration No. 06996280 (England and Wales)
Highway Utilities Limited UNAUDITED ACCOUNTS FOR FILING WITH THE REGISTRAR for the year ended 31 August 2025
Highway Utilities Limited UNAUDITED ACCOUNTS FOR FILING WITH THE REGISTRAR Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Highway Utilities Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
641,049
233,002
Current assets
Debtors
261,168
400,671
Cash at bank and in hand
327,131
624,460
588,299
1,025,131
Creditors: amounts falling due within one year
(632,015)
(847,143)
Net current (liabilities)/assets
(43,716)
177,988
Total assets less current liabilities
597,333
410,990
Creditors: amounts falling due after more than one year
-
100,281
Provisions for liabilities
Deferred tax
5
(103,908)
(44,270)
Net assets
493,425
467,001
Capital and reserves
Called up share capital
100
100
Profit and loss account
493,325
466,901
Shareholders' funds
493,425
467,001
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 5 May 2026 and were signed on its behalf by
John Clarke Director Company Registration No. 06996280
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Highway Utilities Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Highway Utilities Limited is a private company, limited by shares, registered in England and Wales, registration number 06996280. The registered office is 7 Canons Road, Old Wolverton, Milton Keynes, Buckinghamshire, MK12 5TL, England.
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:
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.
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Highway Utilities Limited Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 September 2024
563,847
Additions
539,414
At 31 August 2025
1,103,261
Depreciation
At 1 September 2024
330,845
Charge for the year
131,367
At 31 August 2025
462,212
Net book value
At 31 August 2025
641,049
At 31 August 2024
233,002
5
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
103,908
44,270
2025
2024
£
£
Provision at start of year
44,270
-
Charged to the profit and loss account
59,638
44,270
Provision at end of year
103,908
44,270
6
Transactions with related parties
At 31 August 2025 there were loans owing to directors of £730,636 (2024: £596,621). The loans are interest free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 3 (2024: 80).
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