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Company Registration No. NI624704 (Northern Ireland)
Sixty-5 Technologies Ltd Unaudited accounts for the year ended 31 May 2023
Sixty-5 Technologies Ltd Unaudited accounts Contents
Page
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Sixty-5 Technologies Ltd Company Information for the year ended 31 May 2023
Directors
John Arrell Colin Mitchell
Company Number
NI624704 (Northern Ireland)
Registered Office
Sixty-5 Technologies Ltd 5b Weavers Court Business Park Belfast BT12 5GH
Accountants
Gray + Press Accountants Limited Unit 4A Channel Wharf 21 Old Channel Road Belfast BT3 9DE
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Sixty-5 Technologies Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,206 
383 
Current assets
Inventories
8,700 
7,000 
Debtors
4,553 
43,444 
Cash at bank and in hand
15,684 
11,926 
28,937 
62,370 
Creditors: amounts falling due within one year
(87,849)
(120,516)
Net current liabilities
(58,912)
(58,146)
Net liabilities
(57,706)
(57,763)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(57,806)
(57,863)
Shareholders' funds
(57,706)
(57,763)
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by
Colin Mitchell Director Company Registration No. NI624704
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Sixty-5 Technologies Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Sixty-5 Technologies Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI624704. The registered office is Sixty-5 Technologies Ltd, 5b Weavers Court Business Park, Belfast, BT12 5GH.
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.
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
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation (20%).
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Sixty-5 Technologies Ltd Notes to the Accounts for the year ended 31 May 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2022
67,433 
At 31 May 2023
67,433 
Amortisation
At 1 June 2022
67,433 
At 31 May 2023
67,433 
Net book value
At 31 May 2023
- 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
2,934 
Additions
1,140 
At 31 May 2023
4,074 
Depreciation
At 1 June 2022
2,551 
Charge for the year
317 
At 31 May 2023
2,868 
Net book value
At 31 May 2023
1,206 
At 31 May 2022
383 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,186 
43,444 
Other debtors
1,367 
- 
4,553 
43,444 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
93 
20 
VAT
3,943 
4,833 
Trade creditors
68,230 
99,233 
Taxes and social security
1,202 
2,361 
Other creditors
102 
4,798 
Loans from directors
13,237 
8,259 
Accruals
1,042 
1,012 
87,849 
120,516 
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Sixty-5 Technologies Ltd Notes to the Accounts for the year ended 31 May 2023
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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