Highlife Appointments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02722974 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

HIGHLIFE APPOINTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C A S Nairn

SECRETARY:

Mrs A J M Nairn

REGISTERED OFFICE:

The Old Barn

Newbridge

Cadnam

Hampshire

SO40 2NW

REGISTERED NUMBER:

02722974 (England and Wales)

ACCOUNTANTS:

Paget Reid York

96 Castle Lane West

Bournemouth

Dorset

BH9 3JU

FIXED ASSETS

Tangible assets

4

894

764

CURRENT ASSETS

Stocks

3,535

-

Debtors

5

3,594

7,191

Cash at bank

1,832

1,815

8,961

9,006

CREDITORS

Amounts falling due within one year

6

17,523

31,936

NET CURRENT LIABILITIES

(8,562

)

(22,930

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,668

)

(22,166

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(7,768

)

(22,266

)

SHAREHOLDERS' FUNDS

(7,668

)

(22,166

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 27 March 2020 and were signed by:

Mr C A S Nairn - Director

1.	STATUTORY INFORMATION

Highlife Appointments 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 represents the value of goods and services provided to customers, net of value added tax and discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 July 2018

12,366

Additions

429

At 30 June 2019

12,795

DEPRECIATION

At 1 July 2018

11,602

Charge for year

299

At 30 June 2019

11,901

NET BOOK VALUE

At 30 June 2019

894

At 30 June 2018

764

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade debtors

3,594

7,191

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade creditors

424

599

Social security and other taxes

312

134

Directors' current accounts

15,605

30,027

Accrued expenses

1,182

1,176

17,523

31,936

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr C A S Nairn by virtue of his shareholding.

8.	DIRECTORS LOAN ACCOUNT

The directors current account balance as at the year ended 30 June 2019 owed by the company to the director Mr

C A S Nairn amounts to £15,605 (2018: £30,027).

The director continues to support the company by way of this loan and is not going to recall the full amount

within the next twelve months.