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Company Registration No. 11829035 (England and Wales)
Homotopic.Tech Ltd Unaudited accounts for the year ended 28 February 2023
Homotopic.Tech Ltd Unaudited accounts Contents
Page
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Homotopic.Tech Ltd Company Information for the year ended 28 February 2023
Director
Daniel Firth
Company Number
11829035 (England and Wales)
Registered Office
Suite 9 The Quadrant 99 Parkway Avenue Sheffield South Yorkshire S9 4WG ENGLAND
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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Homotopic.Tech Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,252 
- 
Tangible assets
2,662 
550 
4,914 
550 
Current assets
Debtors
2,169 
685 
Cash at bank and in hand
100,643 
42,283 
102,812 
42,968 
Creditors: amounts falling due within one year
(18,736)
(11,809)
Net current assets
84,076 
31,159 
Net assets
88,990 
31,709 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
88,890 
31,609 
Shareholders' funds
88,990 
31,709 
For the year ending 28 February 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 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 4 July 2023 and were signed on its behalf by
Daniel Firth Director Company Registration No. 11829035
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Homotopic.Tech Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Homotopic.Tech Ltd is a private company, limited by shares, registered in England and Wales, registration number 11829035. The registered office is Suite 9 The Quadrant, 99 Parkway Avenue, Sheffield, South Yorkshire, S9 4WG, 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
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Fixtures & fittings
3 years useful life
Computer equipment
3 years useful life
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Homotopic.Tech Ltd Notes to the Accounts for the year ended 28 February 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2022
- 
Additions
2,252 
At 28 February 2023
2,252 
Amortisation
At 1 March 2022
- 
At 28 February 2023
- 
Net book value
At 28 February 2023
2,252 
Included in intangible asset is the purchase of cryptocurrency, revalued at the year end date to Fair Value.
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
- 
3,292 
3,292 
Additions
1,552 
1,291 
2,843 
At 28 February 2023
1,552 
4,583 
6,135 
Depreciation
At 1 March 2022
- 
2,742 
2,742 
Charge for the year
172 
559 
731 
At 28 February 2023
172 
3,301 
3,473 
Net book value
At 28 February 2023
1,380 
1,282 
2,662 
At 28 February 2022
- 
550 
550 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,169 
685 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
180 
140 
Taxes and social security
17,112 
7,508 
Other creditors
(5,532)
- 
Loans from directors
6,976 
4,161 
18,736 
11,809 
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Homotopic.Tech Ltd Notes to the Accounts for the year ended 28 February 2023
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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