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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
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,389 
15,279 
Current assets
Debtors
- 
8,329 
Cash at bank and in hand
(5,166)
14,260 
(5,166)
22,589 
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)
Capital and reserves
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
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H.T. PRESTIGE BUILDERS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
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 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
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.
Leased assets
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.
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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 
Additions
- 
- 
1,239 
1,239 
At 31 January 2024
31,389 
300 
3,143 
34,832 
Depreciation
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 
Net book value
At 31 January 2024
11,459 
- 
930 
12,389 
At 31 January 2023
15,279 
- 
- 
15,279 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
8,329 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
6,950 
- 
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 
133,468 
68,528 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,333 
23,333 
Obligations under finance leases and hire purchase contracts
3,631 
9,130 
Other creditors
70,800 
60,000 
87,764 
92,463 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
- 4 -
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).
- 5 -