Highland Fire Ceilidh Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC638223

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,270		1,832

			1,270		1,832
CURRENT ASSETS
Debtors	5	9,499		7,540
Cash at bank and in hand		1,365		3,036

		10,864		10,576
Creditors: Amounts Falling Due Within One Year	6	(37,954 )		(41,456 )

NET CURRENT ASSETS (LIABILITIES)			(27,090 )		(30,880 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(25,820 )		(29,048 )

Creditors: Amounts Falling Due After More Than One Year	7		(3,880 )		(3,120 )

NET LIABILITIES			(29,700 )		(32,168 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			(29,702 )		(32,170 )

SHAREHOLDERS' FUNDS			(29,700)		(32,168)

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Highland Fire Ceilidh Ltd

Balance Sheet (continued)

As At 31 August 2025

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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Calum MacPhail Director	Mr Sean Cousins Director
01/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Highland Fire Ceilidh Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC638223 . The registered office is 172 Murray Terrace, Smithton, Inverness, IV3 8GF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors will continue to support the company for the foreseeable future.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	33.33% Straight line
Computer Equipment	33.33% Straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Highland Fire Ceilidh Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 September 2024	22,513	-	22,513
Additions	191	966	1,157

As at 31 August 2025	22,704	966	23,670

Depreciation
As at 1 September 2024	20,681	-	20,681
Provided during the period	1,397	322	1,719

As at 31 August 2025	22,078	322	22,400

Net Book Value
As at 31 August 2025	626	644	1,270

As at 1 September 2024	1,832	-	1,832

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	5,220	7,540
Directors' loan accounts	4,279	-

	9,499	7,540

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	3,240
Trade creditors	5,200	7,321
Bank loans and overdrafts	-	2,000
Other taxes and social security	787	151
VAT	7,917	720
Accruals and deferred income	24,050	24,208
Directors' loan accounts	-	3,816

	37,954	41,456

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	1,620	1,620
Bank loans	2,260	1,500

	3,880	3,120

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Highland Fire Ceilidh Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	3,240
Later than one year and not later than five years	1,620	1,620

	1,620	4,860

	1,620	4,860

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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