Company Registration No. 10559403 (England and Wales)
H.T. PRESTIGE BUILDERS LTD
Unaudited accounts
for the year ended 31 January 2024
H.T. PRESTIGE BUILDERS LTD
Statement of financial position
as at 31 January 2024
Tangible assets
12,389
15,279
Cash at bank and in hand
(5,166)
14,260
Creditors: amounts falling due within one year
(133,468)
(68,528)
Net current liabilities
(138,634)
(45,939)
Total assets less current liabilities
(126,245)
(30,660)
Creditors: amounts falling due after more than one year
(87,764)
(92,463)
Net liabilities
(214,009)
(123,123)
Called up share capital
100
100
Profit and loss account
(214,109)
(123,223)
Shareholders' funds
(214,009)
(123,123)
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.
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 19 September 2024 and were signed on its behalf by
Halim Thaqi
Director
Company Registration No. 10559403
H.T. PRESTIGE BUILDERS LTD
Notes to the Accounts
for the year ended 31 January 2024
H.T. PRESTIGE BUILDERS LTD is a private company, limited by shares, registered in England and Wales, registration number 10559403. The registered office is 100 FENNYCROFT ROAD, HEMEL HEMPSTEAD, HP1 3PD, 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 represents the value of work carried out in respect of services provided to customers.
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% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
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.
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.
H.T. PRESTIGE BUILDERS LTD
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
31,389
300
1,904
33,593
At 31 January 2024
31,389
300
3,143
34,832
At 1 February 2023
16,110
300
1,904
18,314
Charge for the year
3,820
-
309
4,129
At 31 January 2024
19,930
300
2,213
22,443
At 31 January 2024
11,459
-
930
12,389
At 31 January 2023
15,279
-
-
15,279
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
5,499
5,499
Taxes and social security
19,611
3,456
Other creditors
28,408
11,573
Loans from directors
63,000
38,000
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
3,631
9,130
Other creditors
70,800
60,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
H.T. PRESTIGE BUILDERS LTD
Notes to the Accounts
for the year ended 31 January 2024
9
Average number of employees
During the year the average number of employees was 4 (2023: 3).