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REGISTERED NUMBER: 02292834 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

HIGHMARK SERVICES LIMITED
TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ








HIGHMARK SERVICES LIMITED (REGISTERED NUMBER: 02292834)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGHMARK SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: A Thakur
B Unadkat
V Chande





REGISTERED OFFICE: 31 High View Close
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 02292834 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ
Page 1
HIGHMARK SERVICES LIMITED (REGISTERED NUMBER: 02292834)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 155,846 155,846
Tangible assets 5 291,384 294,924
447,230 450,770

CURRENT ASSETS
Stocks 70,000 75,501
Debtors 6 113,912 190,906
Cash at bank and in hand 402,059 309,674
585,971 576,081
CREDITORS
Amounts falling due within one year 7 128,513 130,323
NET CURRENT ASSETS 457,458 445,758
TOTAL ASSETS LESS CURRENT LIABILITIES 904,688 896,528

PROVISIONS FOR LIABILITIES 7,670 8,555
NET ASSETS 897,018 887,973

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 896,818 887,773
897,018 887,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
HIGHMARK SERVICES LIMITED (REGISTERED NUMBER: 02292834)

BALANCE SHEET - continued
28 FEBRUARY 2025


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:





B Unadkat - Director


The notes form part of these financial statements

Page 3
HIGHMARK SERVICES LIMITED (REGISTERED NUMBER: 02292834)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Highmark Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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

Goodwill
Goodwill relates to the acquisition of the business. The directors assess the value shown in the accounts on an annual basis and believe the value of goodwill is higher than the value shown in the accounts. The directors have therefore made the decision not to amortise goodwill.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Page 4 continued...
HIGHMARK SERVICES LIMITED (REGISTERED NUMBER: 02292834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 February 2024
and 28 February 2025 155,846
NET BOOK VALUE
At 28 February 2025 155,846
At 28 February 2024 155,846

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 29 February 2024
and 28 February 2025 260,705 120,671 15,005 396,381
DEPRECIATION
At 29 February 2024 - 86,964 14,493 101,457
Charge for year - 3,369 171 3,540
At 28 February 2025 - 90,333 14,664 104,997
NET BOOK VALUE
At 28 February 2025 260,705 30,338 341 291,384
At 28 February 2024 260,705 33,707 512 294,924

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
as restated
£    £   
Trade debtors 79,180 148,351
Other debtors 34,732 42,555
113,912 190,906

Page 5 continued...
HIGHMARK SERVICES LIMITED (REGISTERED NUMBER: 02292834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
as restated
£    £   
Trade creditors 88,168 101,350
Taxation and social security 28,464 21,750
Other creditors 11,881 7,223
128,513 130,323

8. RELATED PARTY DISCLOSURES

Included in other creditors is a loan from the director of £4,398 (2024 : £843). The loan is interest free and repayable on demand.

9. POST BALANCE SHEET EVENTS

On 7th of April 2025, the shareholders of the Company sold their entire shareholding to Bav Medical Ltd. This transaction occurred after the reporting date of 28 February 2025 and does not affect the financial position of the Company at that date. Accordingly, no adjustments have been made to these financial statements. The nature of the event is disclosed to provide a true and fair view in accordance with FRS 102 Section 1A and paragraph 32.10. The sale relates solely to the ownership of the Company and has no impact on the Company's assets, liabilities, or operations as presented in these financial statements.

Page 6