1 February 2023 false Taxfiler 2024.5 09401246business:PrivateLimitedCompanyLtd2023-02-012024-01-31 094012462023-01-31 094012462023-02-012024-01-31 09401246business:AuditExemptWithAccountantsReport2023-02-012024-01-31 09401246business:AbridgedAccounts2023-02-012024-01-31 094012462024-01-31 09401246business:Director12023-02-012024-01-31 09401246business:CompanySecretary12023-02-012024-01-31 09401246business:RegisteredOffice2023-02-012024-01-31 094012462023-01-31 09401246core:WithinOneYear2024-01-31 09401246core:WithinOneYear2023-01-31 09401246core:AfterOneYear2024-01-31 09401246core:AfterOneYear2023-01-31 09401246core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 09401246core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 09401246core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 09401246core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 09401246core:PreviouslyStatedAmount2024-01-31 09401246core:PreviouslyStatedAmount2023-01-31 09401246business:SmallEntities2023-02-012024-01-31 09401246countries:EnglandWales2023-02-012024-01-31 09401246core:PlantMachinery2023-02-012024-01-31 09401246core:FurnitureFittings2023-02-012024-01-31 09401246core:ComputerEquipment2023-02-012024-01-31 094012462022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 09401246 (England and Wales)
High Tech Homes Limited Unaudited Statutory Accounts for the year ended 31 January 2024
High Tech Homes Limited Unaudited Statutory Accounts Contents
Page
- 2 -
High Tech Homes Limited Company Information for the year ended 31 January 2024
Director
Daniel Hart
Secretary
Daniel Hart
Company Number
09401246 (England and Wales)
Registered Office
Office 111 250 York Road London SW11 3SJ
Accountants
Finovium & Co 7 Bell Yard London WC2A 2JR
- 3 -
High Tech Homes Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,099 
886 
Current assets
Debtors
390,048 
340,041 
Cash at bank and in hand
10,912 
87,690 
400,960 
427,731 
Creditors: amounts falling due within one year
(166,561)
(186,287)
Net current assets
234,399 
241,444 
Total assets less current liabilities
235,498 
242,330 
Creditors: amounts falling due after more than one year
(37,258)
(76,815)
Net assets
198,240 
165,515 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
198,239 
165,514 
Shareholders' funds
198,240 
165,515 
For the year ending 31 January 2024 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 11 September 2024 and were signed on its behalf by
Daniel Hart Director Company Registration No. 09401246
- 4 -
High Tech Homes Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
High Tech Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 09401246. The registered office is Office 111, 250 York Road, London, SW11 3SJ.
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.
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.
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:
Plant & machinery
4 years (straight line)
Fixtures & fittings
5 years (straight line)
Computer equipment
3 years (straight line)
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 5 -
High Tech Homes Limited Notes to the Accounts for the year ended 31 January 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 February 2023
14,571 
Additions
1,188 
Disposals
(1,672)
At 31 January 2024
14,087 
Depreciation
At 1 February 2023
13,685 
Charge for the year
975 
On disposals
(1,672)
At 31 January 2024
12,988 
Net book value
At 31 January 2024
1,099 
At 31 January 2023
886 
5
Transactions with related parties
During the year the company made a short term interest-free unsecured loan of £311,000 (2022: £250,000) of no fixed length to DNH Holdings Limited (Co Reg No. 11471662) a company that is controlled by Daniel Hart, the director of both companies. The loan is repayable upon demand.
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -