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
Homotopic.Tech Ltd
Company Information
for the year ended 28 February 2023
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
Homotopic.Tech Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
100,643
42,283
Creditors: amounts falling due within one year
(18,736)
(11,809)
Net current assets
84,076
31,159
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
Homotopic.Tech Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
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
3 years useful life
Computer equipment
3 years useful life
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Homotopic.Tech Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Intangible fixed assets
Other
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
At 1 March 2022
-
2,742
2,742
Charge for the year
172
559
731
At 28 February 2023
172
3,301
3,473
At 28 February 2023
1,380
1,282
2,662
At 28 February 2022
-
550
550
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
17,112
7,508
Loans from directors
6,976
4,161
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).