Registration number: 11355793

Highly Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Highly Limited

Company Information

Director

Mr DD Patterson

Registered office

Forestry House Brewery Road Carmarthen Carmarthenshire SA31 1TF

Accountants

Wynne & Co Chartered Accountants Forestry House Brewery Road Carmarthen Carmarthenshire SA31 1TF

Highly Limited

(Registration number: 11355793)
Balance Sheet as at 31 March 2026

	Note	31 March 2026 £	31 May 2025 £
Fixed assets
Intangible assets	4	-	720
Tangible assets	5	-	3,880
		-	4,600
Current assets
Debtors	6	360	4,146
Cash at bank and in hand		9,692	10,745
		10,052	14,891
Creditors: Amounts falling due within one year	7	(9,722)	(10,334)
Net current assets		330	4,557
Net assets		330	9,157
Capital and reserves
Called up share capital	8	100	100
Retained earnings		230	9,057
Shareholders' funds		330	9,157

Highly Limited

(Registration number: 11355793)
Balance Sheet as at 31 March 2026

For the financial period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 April 2026
 

......................................... Mr DD Patterson Director

Highly Limited

Notes to the Unaudited Financial Statements
for the Period from 1 June 2025 to 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF
Wales

These financial statements were authorised for issue by the director on 30 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

These accounts have been prepared on the going concern basis. The company returned to a small profit this year and through continued support from the director it is expected to increase profitability next year.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Highly Limited

Notes to the Unaudited Financial Statements
for the Period from 1 June 2025 to 31 March 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Equipment	15% reducing balance
Fixtures and Fittings	15% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademarks	Not amortised

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Highly Limited

Notes to the Unaudited Financial Statements
for the Period from 1 June 2025 to 31 March 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2025 - 1).

Highly Limited

Notes to the Unaudited Financial Statements
for the Period from 1 June 2025 to 31 March 2026

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 June 2025	720	720
Additions acquired separately	50	50
At 31 March 2026	770	770
Amortisation
Amortisation eliminated on disposals	770	770
At 31 March 2026	770	770
Carrying amount
At 31 March 2026	-	-
At 31 May 2025	720	720

Highly Limited

Notes to the Unaudited Financial Statements
for the Period from 1 June 2025 to 31 March 2026

5	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 June 2025	1,331	8,395	9,726
Additions	-	667	667
Disposals	(1,331)	(9,062)	(10,393)
At 31 March 2026	-	-	-
Depreciation
At 1 June 2025	905	4,941	5,846
Eliminated on disposal	(905)	(4,941)	(5,846)
At 31 March 2026	-	-	-
Carrying amount
At 31 March 2026	-	-	-
At 31 May 2025	426	3,454	3,880

6

Debtors

Current	31 March 2026 £	31 May 2025 £
Trade debtors	360	3,315
Prepayments	-	831
	360	4,146

Highly Limited

Notes to the Unaudited Financial Statements
for the Period from 1 June 2025 to 31 March 2026

7

Creditors

Creditors: amounts falling due within one year

	31 March 2026 £	31 May 2025 £
Due within one year
Trade creditors	-	400
Taxation and social security	2,662	956
Accruals and deferred income	1,756	5,685
Other creditors	5,304	3,293
	9,722	10,334

8	Share capital

Allotted, called up and fully paid shares

	31 March 2026		31 May 2025
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

9

Dividends

Interim dividends paid

		31 March 2026 £		31 May 2025 £
Interim dividend of £50.40 (2025 - £Nil) per each Ordinary shares		5,040		-

10	Related party transactions

Directors' remuneration

The director's remuneration for the period was as follows:

Highly Limited

Notes to the Unaudited Financial Statements
for the Period from 1 June 2025 to 31 March 2026

	2026 £	2025 £
Remuneration	9,000	12,575