IRIS Accounts Production v23.3.1.45 03037794 director 1.5.22 30.4.23 30.4.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030377942022-04-30030377942023-04-30030377942022-05-012023-04-30030377942021-04-30030377942021-05-012022-04-30030377942022-04-3003037794ns10:Originalns15:EnglandWales2022-05-012023-04-3003037794ns14:PoundSterlingns10:Original2022-05-012023-04-3003037794ns10:Originalns10:Director12022-05-012023-04-3003037794ns10:Original2022-05-012023-04-3003037794ns10:Original2023-04-3003037794ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3003037794ns10:Originalns10:SmallEntities2022-05-012023-04-3003037794ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3003037794ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3003037794ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3003037794ns10:Originalns10:FullAccounts2022-05-012023-04-3003037794ns10:Original12022-05-012023-04-3003037794ns10:CompanySecretary1ns10:Original2022-05-012023-04-3003037794ns10:Originalns10:RegisteredOffice2022-05-012023-04-3003037794ns10:Original2022-04-3003037794ns10:Originalns5:CurrentFinancialInstruments2023-04-3003037794ns10:Originalns5:CurrentFinancialInstruments2022-04-3003037794ns10:Originalns5:Non-currentFinancialInstruments2023-04-3003037794ns10:Originalns5:Non-currentFinancialInstruments2022-04-3003037794ns5:ShareCapitalns10:Original2023-04-3003037794ns5:ShareCapitalns10:Original2022-04-3003037794ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3003037794ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3003037794ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-05-012023-04-3003037794ns10:Originalns5:PlantMachinery2022-05-012023-04-3003037794ns10:Original2021-05-012022-04-3003037794ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-3003037794ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-04-3003037794ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-3003037794ns10:Originalns5:PlantMachinery2022-04-3003037794ns10:Originalns5:PlantMachinery2023-04-3003037794ns10:Originalns5:PlantMachinery2022-04-3003037794ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3003037794ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3003037794ns10:Originalns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-04-3003037794ns10:Originalns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-04-30
REGISTERED NUMBER: 03037794 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

TECHNOLOGY 2 LIMITED

TECHNOLOGY 2 LIMITED (REGISTERED NUMBER: 03037794)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TECHNOLOGY 2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: John Malthouse FCA





SECRETARY: John Malthouse FCA





REGISTERED OFFICE: America House
Rumford Court
Rumford Place
Liverpool
L3 9DD





REGISTERED NUMBER: 03037794 (England and Wales)





ACCOUNTANTS: Malthouse & Company Chartered Accountants
America House, Rumford Court
Rumford Place
Liverpool
Merseyside
L3 9DD

TECHNOLOGY 2 LIMITED (REGISTERED NUMBER: 03037794)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 168,960 167,821
Tangible assets 5 230 236
169,190 168,057

CURRENT ASSETS
Debtors 6 76,357 69,159
Cash at bank 110,511 107,193
186,868 176,352
CREDITORS
Amounts falling due within one year 7 42,474 26,368
NET CURRENT ASSETS 144,394 149,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,584

318,041

CREDITORS
Amounts falling due after more than one
year

8

(24,167

)

(34,167

)

PROVISIONS FOR LIABILITIES (30,949 ) (30,497 )
NET ASSETS 258,468 253,377

TECHNOLOGY 2 LIMITED (REGISTERED NUMBER: 03037794)

BALANCE SHEET - continued
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 258,368 253,277
SHAREHOLDERS' FUNDS 258,468 253,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 March 2024 and were signed by:





John Malthouse FCA - Director


TECHNOLOGY 2 LIMITED (REGISTERED NUMBER: 03037794)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Technology 2 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

SOFTWARE DEVELOPMENT COSTS
Costs incurred in the development of software products are capitalised and amortised to correspond to the relevant revenues generated. They are amortised at the rate of 20% on cost.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


TECHNOLOGY 2 LIMITED (REGISTERED NUMBER: 03037794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

FINANCIAL INSTRUMENTS
The company holds only basic financial assets, including trade and other receivables which are initially recognised at transaction price.

GOVERNMENT GRANTS
Government grants are recognised in the financial statements when there is reasonable assurance that the company will comply with the conditions attached to the grant and the grants will be received. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs shall be recognised in income in the period in which it is receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

TECHNOLOGY 2 LIMITED (REGISTERED NUMBER: 03037794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022 1,028,273
Additions 87,923
At 30 April 2023 1,116,196
AMORTISATION
At 1 May 2022 860,452
Charge for year 86,784
At 30 April 2023 947,236
NET BOOK VALUE
At 30 April 2023 168,960
At 30 April 2022 167,821

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 40,955
Additions 139
At 30 April 2023 41,094
DEPRECIATION
At 1 May 2022 40,719
Charge for year 145
At 30 April 2023 40,864
NET BOOK VALUE
At 30 April 2023 230
At 30 April 2022 236

TECHNOLOGY 2 LIMITED (REGISTERED NUMBER: 03037794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


6. DEBTORS
30.4.23 30.4.22
£    £   
Amounts falling due within one year:
Trade debtors 31,075 19,742
Other debtors 1,462 1,667
32,537 21,409

Amounts falling due after more than one year:
Other debtors 43,820 47,750

Aggregate amounts 76,357 69,159

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 5,330 4,384
Taxation and social security 10,166 5,448
Other creditors 16,978 6,536
42,474 26,368

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 24,167 34,167

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £43,820 by Malthouse & Company Limited, a company of which John Malthouse is also a director.

The company also paid Malthouse & Company Limited £21,667 in respect of director's services for the year.

The controlling party is 'The Trustees of The Joni Phillips Deceased Discretionary Trust', the trustees being John Malthouse and Susan Malthouse.