Company Registration No. 10654727 (England and Wales)
Technology in Play Ltd
Unaudited accounts
for the year ended 31 March 2024
Technology in Play Ltd
Unaudited accounts
Contents
Technology in Play Ltd
Company Information
for the year ended 31 March 2024
Company Number
10654727 (England and Wales)
Registered Office
29 FURNESS DRIVE
YORK
NORTH YORKSHIRE
YO30 5TD
UNITED KINGDOM
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Technology in Play Ltd
Accountants' report
Accountants' report to the director of Technology in Play Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Technology in Play Ltd for the year ended
31 March 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Technology in Play Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Technology in Play Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Technology in Play Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Technology in Play Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Technology in Play Ltd. You consider that Technology in Play Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Technology in Play Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
8 August 2024
Technology in Play Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
1,414
258
Creditors: amounts falling due within one year
(18,581)
(15,622)
Net current liabilities
(17,167)
(15,364)
Total assets less current liabilities
(17,167)
(14,838)
Creditors: amounts falling due after more than one year
(58,982)
(61,146)
Net liabilities
(76,149)
(75,984)
Called up share capital
1
1
Profit and loss account
(76,150)
(75,985)
Shareholders' funds
(76,149)
(75,984)
For the year ending 31 March 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 her 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 15 November 2024 and were signed on its behalf by
Nicole Fowler
Director
Company Registration No. 10654727
Technology in Play Ltd
Notes to the Accounts
for the year ended 31 March 2024
Technology in Play Ltd is a private company, limited by shares, registered in England and Wales, registration number 10654727. The registered office is 29 FURNESS DRIVE, YORK, NORTH YORKSHIRE, YO30 5TD, UNITED KINGDOM.
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.
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:
Plant & machinery
33% on cost
Fixtures & fittings
33% on cost
Computer equipment
33% on cost
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
1,000
470
1,898
3,368
At 31 March 2024
1,000
470
1,898
3,368
At 1 April 2023
808
470
1,564
2,842
Charge for the year
192
-
334
526
At 31 March 2024
1,000
470
1,898
3,368
At 31 March 2023
192
-
334
526
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
18,011
15,112
Technology in Play Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
53,563
53,563
In August 2020, the company received a Bounce Back Loan of ã11,000, which is a 100% UK Government backed loan.
Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government.
After the first 12 months, an interest rate of 2.5% is applicable.
The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
7
Transactions with related parties
Included in long term creditors is ã53,563 (2023 - ã53,563) from a related company. No interest has been charged.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).