Company Registration No. 11870025 (England and Wales)
HIGHTECH PROPERTY MAINTENANCE LTD
Unaudited accounts
for the year ended 31 July 2023
HIGHTECH PROPERTY MAINTENANCE LTD
Unaudited accounts
Contents
HIGHTECH PROPERTY MAINTENANCE LTD
Company Information
for the year ended 31 July 2023
Directors
J Degiorgio
S Degiorgio
Company Number
11870025 (England and Wales)
Registered Office
The Granary Hermitage Court
Hermitage Lane
Maidstone
Kent
ME16 9NT
ENGLAND
Accountants
MCC Partners
Springhead Enterprise Park
Fleet House, Springhead Road
Ebbsfleet
Kent
DA11 8HJ
HIGHTECH PROPERTY MAINTENANCE LTD
Statement of financial position
as at 31 July 2023
Called up share capital not paid
100
100
Intangible assets
6,400
9,600
Tangible assets
22,621
26,568
Cash at bank and in hand
15,378
1,525
Creditors: amounts falling due within one year
(35,997)
(13,846)
Net current liabilities
(619)
(8,856)
Total assets less current liabilities
28,502
27,412
Provisions for liabilities
Deferred tax
(4,298)
(4,647)
Called up share capital
100
100
Profit and loss account
24,104
22,665
Shareholders' funds
24,204
22,765
For the year ending 31 July 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by
J Degiorgio
Director
Company Registration No. 11870025
HIGHTECH PROPERTY MAINTENANCE LTD
Notes to the Accounts
for the year ended 31 July 2023
HIGHTECH PROPERTY MAINTENANCE LTD is a private company, limited by shares, registered in England and Wales, registration number 11870025. The registered office is The Granary Hermitage Court, Hermitage Lane, Maidstone, Kent, ME16 9NT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on reducing value
Fixtures & fittings
20% on reducing value
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 6 years.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
HIGHTECH PROPERTY MAINTENANCE LTD
Notes to the Accounts
for the year ended 31 July 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2022
52,796
-
52,796
At 31 July 2023
52,796
1,709
54,505
At 1 August 2022
26,228
-
26,228
Charge for the year
5,314
342
5,656
At 31 July 2023
31,542
342
31,884
At 31 July 2023
21,254
1,367
22,621
At 31 July 2022
26,568
-
26,568
Amounts falling due within one year
Trade debtors
20,000
3,465
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,804
2,297
Loans from directors
594
739
HIGHTECH PROPERTY MAINTENANCE LTD
Notes to the Accounts
for the year ended 31 July 2023
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).