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Company Registration No. 11829035 (England and Wales)
Homotopic.Tech Ltd Unaudited accounts for the year ended 29 February 2024
Homotopic.Tech Ltd Unaudited accounts Contents
Page
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Homotopic.Tech Ltd Company Information for the year ended 29 February 2024
Director
Daniel Firth
Company Number
11829035 (England and Wales)
Registered Office
2 Glebelands Alnwick Northumberland NE66 1UA
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 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,102 
2,252 
Tangible assets
2,040 
2,662 
5,142 
4,914 
Current assets
Debtors
165 
2,169 
Cash at bank and in hand
35,191 
100,643 
35,356 
102,812 
Creditors: amounts falling due within one year
(1,549)
(18,736)
Net current assets
33,807 
84,076 
Net assets
38,949 
88,990 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
38,849 
88,890 
Shareholders' funds
38,949 
88,990 
For the year ending 29 February 2024 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 29 July 2024 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 29 February 2024
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 2 Glebelands, Alnwick, Northumberland, NE66 1UA.
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.
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 29 February 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2023
2,252 
Revaluations
850 
At 29 February 2024
3,102 
Amortisation
At 1 March 2023
- 
At 29 February 2024
- 
Net book value
At 29 February 2024
3,102 
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 2023
1,552 
4,583 
6,135 
Additions
- 
540 
540 
At 29 February 2024
1,552 
5,123 
6,675 
Depreciation
At 1 March 2023
172 
3,301 
3,473 
Charge for the year
517 
645 
1,162 
At 29 February 2024
689 
3,946 
4,635 
Net book value
At 29 February 2024
863 
1,177 
2,040 
At 28 February 2023
1,380 
1,282 
2,662 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
165 
2,169 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
180 
Taxes and social security
- 
17,112 
Other creditors
854 
(5,532)
Loans from directors
695 
6,976 
1,549 
18,736 
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Homotopic.Tech Ltd Notes to the Accounts for the year ended 29 February 2024
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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