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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
Page
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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
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HIGHTECH PROPERTY MAINTENANCE LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
100 
100 
Fixed assets
Intangible assets
6,400 
9,600 
Tangible assets
22,621 
26,568 
29,021 
36,168 
Current assets
Debtors
20,000 
3,465 
Cash at bank and in hand
15,378 
1,525 
35,378 
4,990 
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)
Net assets
24,204 
22,765 
Capital and reserves
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
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HIGHTECH PROPERTY MAINTENANCE LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets
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 taxation
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.
Pension costs
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.
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HIGHTECH PROPERTY MAINTENANCE LTD Notes to the Accounts for the year ended 31 July 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
20,000 
At 31 July 2023
20,000 
Amortisation
At 1 August 2022
10,400 
Charge for the year
3,200 
At 31 July 2023
13,600 
Net book value
At 31 July 2023
6,400 
At 31 July 2022
9,600 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
52,796 
- 
52,796 
Additions
- 
1,709 
1,709 
At 31 July 2023
52,796 
1,709 
54,505 
Depreciation
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 
Net book value
At 31 July 2023
21,254 
1,367 
22,621 
At 31 July 2022
26,568 
- 
26,568 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,000 
3,465 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,529 
9,488 
Trade creditors
4,657 
122 
Taxes and social security
5,804 
2,297 
Other creditors
17,013 
- 
Loans from directors
594 
739 
Accruals
1,400 
1,200 
35,997 
13,846 
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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).
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