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REGISTERED NUMBER: 02354937 (England and Wales)












Audited Financial Statements

for the Year Ended 30 April 2024

for

TECHNOPOLIS LIMITED

TECHNOPOLIS LIMITED (REGISTERED NUMBER: 02354937)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TECHNOPOLIS LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Dr P E Arnold
Mr P S Simmonds
Ms R A Allinson
Ms C Rosemberg Montes





SECRETARY: Dr P E Arnold





REGISTERED OFFICE: 3 Pavilion Buildings
Brighton
East Sussex
BN1 1EE





REGISTERED NUMBER: 02354937 (England and Wales)





AUDITORS: Chambers & Co Accountants LLP
Statutory Auditor
Suite 1, Eighth Floor,
Intergen House
65-67 Western Road
Hove
East Sussex
BN3 2JQ

TECHNOPOLIS LIMITED (REGISTERED NUMBER: 02354937)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,508 67,860

CURRENT ASSETS
Debtors 5 2,680,839 2,438,963
Cash at bank and in hand 1,214,137 1,923,902
3,894,976 4,362,865
CREDITORS
Amounts falling due within one year 6 1,225,876 1,464,663
NET CURRENT ASSETS 2,669,100 2,898,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,739,608

2,966,062

PROVISIONS FOR LIABILITIES 8 64,043 63,381
NET ASSETS 2,675,565 2,902,681

CAPITAL AND RESERVES
Called up share capital 74 74
Share premium 41,805 41,805
Capital redemption reserve 33 33
Retained earnings 2,633,653 2,860,769
SHAREHOLDERS' FUNDS 2,675,565 2,902,681

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 Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





Mr P S Simmonds - Director


TECHNOPOLIS LIMITED (REGISTERED NUMBER: 02354937)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Technopolis 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 Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover represents revenue recognised by the company in respect of services supplied, excluding value added tax.

Revenue is recognised in the accounting period in which the services are rendered. When the outcome of the project can be estimated reliably, the company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

Where this revenue exceeds the amount invoiced, the excess is included within debtors as amounts recoverable on contracts. Where the amount invoiced exceeds the revenue recognised the excess is included within creditors as deferred income.

Where work on a project is assessed as insufficiently complete at the year end for its outcome to be assessed with certainty it is included in turnover at the lower of cost and net realisable value. Cost includes all direct expenditure.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation. Depreciation on tangible assets is calculated to allocate the depreciable amount to their residual value over their estimated useful lives, as follows:
Fixtures and fittings15% on reducing balance
Computer equipment33% on reducing balance

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.

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.

TECHNOPOLIS LIMITED (REGISTERED NUMBER: 02354937)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
The financial statements are presented in pound sterling.

Transactions and balances
Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account.

Operating leased assets
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company contributes to a number of defined contribution plans for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid Technopolis Limited has no further payment obligations. The contributions are recognised as an expense when they are due. The assets of the plan are held separately from the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 48 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 9,742 72,480 89,247 171,469
Additions - 364 25,618 25,982
Disposals - - (20,110 ) (20,110 )
At 30 April 2024 9,742 72,844 94,755 177,341
DEPRECIATION
At 1 May 2023 9,742 36,529 57,338 103,609
Charge for year - 5,422 15,226 20,648
Eliminated on disposal - - (17,424 ) (17,424 )
At 30 April 2024 9,742 41,951 55,140 106,833
NET BOOK VALUE
At 30 April 2024 - 30,893 39,615 70,508
At 30 April 2023 - 35,951 31,909 67,860

TECHNOPOLIS LIMITED (REGISTERED NUMBER: 02354937)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 999,274 1,043,218
Loans receivable from group
undertakings 3,416 3,507
Amounts recoverable on contract 1,371,889 998,939
Amounts owed by group undertakings 226,910 341,552
Other debtors 3,049 12,072
Accrued income 20,600 20,600
Prepayments 55,701 19,075
2,680,839 2,438,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 201,167 96,601
Tax 2,735 122,628
Social security and other taxes 75,742 77,833
VAT 295,004 349,261
Amounts owed to group undertakings 170,550 90,565
Deferred income 199,081 287,585
Accrued expenses 281,597 440,190
1,225,876 1,464,663

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 19,680 86,180

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 17,626 16,964
Other provisions 46,417 46,417
64,043 63,381

Repairs
Deferred to
tax Building
£    £   
Balance at 1 May 2023 16,964 46,417
Accelerated capital allowances 662 -
Balance at 30 April 2024 17,626 46,417

Included within Provisions for Liabilities is an amount due in respect of repair work to be carried out to the office premises, falling due at the end of the company's old lease in March 2018.The amount owed at 30 April 2024 is £46,417 (2023: £46,417).

TECHNOPOLIS LIMITED (REGISTERED NUMBER: 02354937)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter R S Chambers (Senior Statutory Auditor)
for and on behalf of Chambers & Co Accountants LLP

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. PARENT COMPANY

The company is owned by Technopolis Group Limited - registered Office: 3 Pavilion Buildings, Brighton, UK, which prepares consolidated group accounts.