Company registration number 889412 (England and Wales)
HIGHLAND ELECTRIX (BRIDGEND) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
HIGHLAND ELECTRIX (BRIDGEND) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
HIGHLAND ELECTRIX (BRIDGEND) LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
84,720
106,840
Current assets
Stocks
262,394
112,814
Debtors
4
397,956
445,930
Cash at bank and in hand
59
110
660,409
558,854
Creditors: amounts falling due within one year
5
(1,163,144)
(1,211,815)
Net current liabilities
(502,735)
(652,961)
Total assets less current liabilities
(418,015)
(546,121)
Creditors: amounts falling due after more than one year
6
(39,822)
(107,935)
Net liabilities
(457,837)
(654,056)
Capital and reserves
Called up share capital
62
62
Share premium account
46,887
46,887
Own shares
95
95
Profit and loss reserves
(504,881)
(701,100)
Total equity
(457,837)
(654,056)
HIGHLAND ELECTRIX (BRIDGEND) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2025
31 October 2025
- 2 -

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

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

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 16 July 2026 and are signed on its behalf by:
Mr A B Caddy
Director
Company registration number 889412 (England and Wales)
HIGHLAND ELECTRIX (BRIDGEND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
1
Accounting policies
Company information

Highland Electrix (Bridgend) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1A Atlee Street, Brynmenyn Industrial Estate, Bridgend, Wales, CF32 9TQ.

1.1
Basis of preparation

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
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.

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:

Leasehold improvements
33% on cost
Plant and machinary
25% on cost
Computers
10% on reducing balance
Motor vehicles
2% on cost
1.4
Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.5
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.

HIGHLAND ELECTRIX (BRIDGEND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

1.7
Leases
As lessee

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.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

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

2025
2024
Number
Number
Total
34
33
HIGHLAND ELECTRIX (BRIDGEND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2024 and 31 October 2025
41,334
331,834
373,168
Depreciation and impairment
At 1 November 2024
18,475
247,853
266,328
Depreciation charged in the year
827
21,293
22,120
At 31 October 2025
19,302
269,146
288,448
Carrying amount
At 31 October 2025
22,032
62,688
84,720
At 31 October 2024
22,859
83,981
106,840

Included in fixed assets are vehicles held on finance leases with a net book value of £52,592 (2024: £70,123)

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
391,951
331,029
Other debtors
6,005
114,901
397,956
445,930
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
176,488
198,616
Trade creditors
330,496
322,121
Amounts owed to group undertakings
419,569
401,949
Taxation and social security
106,387
147,363
Other creditors
130,204
141,766
1,163,144
1,211,815
HIGHLAND ELECTRIX (BRIDGEND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
50,000
Other creditors
39,822
57,935
39,822
107,935
7
Related party transactions

The company rents a premises from Caddy Holdings Bridgend Limited for nil cost.

Included in creditors is an amount of £4 19,569 (202 4: £401,949) due to Caddy Holdings Bridgend Limited.

Caddy Holdings Bridgend Limited is the majority shareholder of Highland Electrix (Bridgend) Limited.

8
Directors' transactions

At the year end £89,222 (2024: £95,142) was due to the directors. This amount is interest free and is repayable on demand.

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