HAY TECHNOLOGY LIMITED

Company Registration Number:
11570837 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

HAY TECHNOLOGY LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

HAY TECHNOLOGY LIMITED

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The principal activity of Hay Technology Limited, "the Company", is the development of information technology and provision of services covering all elements of IT strategy, IT governance, information security, software and data engineering, cloud and infrastructure engineering and technology operations to support the end to end platforms business.

Additional information

Results The loss for the year, after taxation, amounted to £2,585,912 (2023 - loss of £5,108,190).



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Jason Latham
Andrew Laycock


Secretary Chetan Govind

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 October 2024

And signed on behalf of the board by:
Name: Jason Latham
Status: Director

HAY TECHNOLOGY LIMITED

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 5,904,995 ) ( 5,345,261 )
Other operating income: 3,880,643 33,860
Operating profit(or loss): (2,024,352) (5,311,401)
Interest receivable and similar income: 1,499 0
Interest payable and similar charges: ( 1,222,884 ) ( 256,646 )
Profit(or loss) before tax: (3,245,737) (5,568,047)
Tax: 659,825 459,857
Profit(or loss) for the financial year: (2,585,912) (5,108,190)

HAY TECHNOLOGY LIMITED

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 3,424,328 608,369
Cash at bank and in hand: 38,097 98,966
Investments:   0 0
Total current assets: 3,462,425 707,335
Creditors: amounts falling due within one year: 4 ( 2,230,423 ) ( 860,294 )
Net current assets (liabilities): 1,232,002 (152,959)
Total assets less current liabilities: 1,232,002 ( 152,959)
Creditors: amounts falling due after more than one year: 5 ( 17,209,806 ) ( 13,413,709 )
Total net assets (liabilities): (15,977,804) (13,566,668)
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (15,977,904 ) (13,566,768 )
Total Shareholders' funds: ( 15,977,804 ) (13,566,668)

The notes form part of these financial statements

HAY TECHNOLOGY LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 21 October 2024
and signed on behalf of the board by:

Name: Jason Latham
Status: Director

The notes form part of these financial statements

HAY TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Valuation information and policy

    Valuation of: Share Based payments, debtors, creditors and other Financial instruments

    Other accounting policies

    Going Concern Taxation Finance Costs Pensions Share based payments Asset Capitalisation Debtors Cash at bank and in hand Creditors Financial Instruments

HAY TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 21 20

HAY TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Debtors

2024 2023
£ £
Trade debtors 1,109,860 0
Prepayments and accrued income 1,654,643 78,376
Other debtors 659,825 529,993
Total 3,424,328 608,369

HAY TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 1,022,894 247,641
Taxation and social security 608,062 465,306
Accruals and deferred income 595,132 142,417
Other creditors 4,335 4,930
Total 2,230,423 860,294

HAY TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 17,209,806 13,413,709
Total 17,209,806 13,413,709