Highland Off Road (3) Ltd - Filleted accounts

Registered number

SC452716

Highland Off Road (3) Ltd

Report and Accounts

31 March 2026

Highland Off Road (3) Ltd
Registered number:			SC452716
Balance Sheet
as at 31 March 2026

Notes				2026			2025
£					£
Fixed assets
Tangible assets	3			225,033			224,146

Current assets
Stocks			12,842			12,001
Debtors	4		149,509			137,161
Cash at bank and in hand			393,367			335,098
			555,718			484,260

Creditors: amounts falling due within one year	5		(290,470)			(244,864)

Net current assets				265,248			239,396

Total assets less current liabilities				490,281			463,542

Creditors: amounts falling due after more than one year	6			(18,766)			(23,624)

Provisions for liabilities				(56,132)			(55,888)


Net assets				415,383			384,030

Capital and reserves
Called up share capital				100			100
Profit and loss account				415,283			383,930

Shareholders' funds				415,383			384,030

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




W Cox		D Morrison				Mrs C Simpson
Director		Director				Director
Approved by the board on 31 August 2026

Highland Off Road (3) Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over the lease term
	Plant, machinery, fixtures and fittings			15% reducing balance and 33% straight line
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					30		30


3	Tangible fixed assets
		Short Leasehold		Plant, machinery, fittings & fixtures		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	4,011		254,460		165,511		423,982
	Additions	-		19,765		49,491		69,256
	Disposals	-		(2,155)		(31,900)		(34,055)
	At 31 March 2026	4,011		272,070		183,102		459,183

	Depreciation
	At 1 April 2025	3,415		137,394		59,027		199,836
	Charge for the year	89		19,662		32,473		52,224
	On disposals	-		(1,758)		(16,152)		(17,910)
	At 31 March 2026	3,504		155,298		75,348		234,150

	Net book value
	At 31 March 2026	507		116,772		107,754		225,033
	At 31 March 2025	596		117,066		106,484		224,146


4	Debtors					2026		2025
£							£

	Trade debtors					57,702		48,780
	Other debtors					91,807		88,381
						149,509		137,161


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					2,000		12,000
	Obligations under finance lease and hire purchase contracts					2,858		2,645
	Trade creditors					53,600		46,499
	Accruals and income billed in advance					110,966		81,043
	Taxes and social security costs					104,046		85,677
	Other creditors					17,000		17,000
						290,470		244,864


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					-		2,000
	Obligations under finance lease and hire purchase contracts					18,766		21,624
						18,766		23,624


7	Other financial commitments					2026		2025
£							£

	Total future minimum payments under non-cancellable operating leases					125,396		88,424


8	Contingent liabilities: Employee Ownership Trust

	On 30 April 2023, 83% of the issued share capital of Highland Offroad (3) Ltd was acquired by the Trustees of the Highland Offroad (3) Ltd Employee Ownership Trust, established for the benefit of current and future employees of Highland Offroad (3) Ltd.
	The shares were acquired for a total consideration of £647,334, of which £129,466 was paid on completion and funded by a gift from Highland Offroad (3) Ltd. A further £129,466 was gifted during the year ended 31 March 2025 and again in the year ended 31 March 2026. The balance of £258,936(deferred consideration) will be paid in future periods and is expected to be financed by further gifts from the company.
	The total gift to the Trust in the year, to fund completion payments, amounted to £129,466.

9	Related party transactions

	On 28 April 2023, a floating charge over all the property or undertakings of the company was registered with Companies House, in favour of Graham Clark, Beverley Large and Louise Nowell.


10	Controlling party

	The majority of the shares are now held by the Highland Offroad (3) Ltd Employee Ownership Trust.


11	Other information

	Highland Off Road (3) Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	Butterstone Loch
	Butterstone
	Dunkeld
	Perthshire
	PH8 0HH