Company Registration No. 09319521 (England and Wales)
High Tech Business Solutions LTD
Unaudited accounts
for the year ended 30 November 2018
High Tech Business Solutions LTD
Unaudited accounts
Contents
High Tech Business Solutions LTD
Company Information
for the year ended 30 November 2018
Company Number
09319521 (England and Wales)
Registered Office
1a Buckland Road
London
England
E10 6QS
United Kingdom
Accountants
Accountax Financial Limited
42 Sandyhill Road
Ilford
London
IG1 2ET
High Tech Business Solutions LTD
Statement of financial position
as at 30 November 2018
Cash at bank and in hand
19
193
Creditors: amounts falling due within one year
1,249
1,112
Net current assets
1,268
1,305
Called up share capital
100
100
Profit and loss account
1,702
1,918
Shareholders' funds
1,802
2,018
For the year ending 30 November 2018 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.
Approved by the Board on 22 August 2019.
Sadaqat Zaman
Director
Company Registration No. 09319521
High Tech Business Solutions LTD
Notes to the Accounts
for the year ended 30 November 2018
High Tech Business Solutions LTD is a private company, limited by shares, registered in England and Wales, registration number 09319521. The registered office is 1a Buckland Road, London, England, E10 6QS, United Kingdom.
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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:
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2017
672
772
1,444
At 30 November 2018
672
772
1,444
At 1 December 2017
389
342
731
Charge for the year
71
108
179
At 30 November 2018
460
450
910
At 30 November 2018
212
322
534
At 30 November 2017
283
430
713
High Tech Business Solutions LTD
Notes to the Accounts
for the year ended 30 November 2018
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Creditors: amounts falling due within one year
2018
2017
Taxes and social security
253
522
Loans from directors
(1,802)
(2,134)
6
Average number of employees
During the year the average number of employees was 1 (2017: 1).
