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
Homotopic.Tech Ltd
Company Information
for the year ended 29 February 2024
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
Homotopic.Tech Ltd
Statement of financial position
as at 29 February 2024
Intangible assets
3,102
2,252
Tangible assets
2,040
2,662
Cash at bank and in hand
35,191
100,643
Creditors: amounts falling due within one year
(1,549)
(18,736)
Net current assets
33,807
84,076
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
Homotopic.Tech Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
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 29 February 2024
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 2023
1,552
4,583
6,135
At 29 February 2024
1,552
5,123
6,675
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
At 29 February 2024
863
1,177
2,040
At 28 February 2023
1,380
1,282
2,662
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
17,112
Other creditors
854
(5,532)
Loans from directors
695
6,976
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).