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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
Page
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Technology in Play Ltd Company Information for the year ended 31 March 2024
Director
Nicole Fowler
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
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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
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Technology in Play Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
526 
Current assets
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)
Capital and reserves
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
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Technology in Play Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 31 March 2024
- 
- 
- 
- 
At 31 March 2023
192 
- 
334 
526 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
18,011 
15,112 
Accruals
570 
510 
18,581 
15,622 
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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 
£ 
£ 
Bank loans
5,419 
7,583 
Other creditors
53,563 
53,563 
58,982 
61,146 
In August 2020, the company received a Bounce Back Loan of £11,000, 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 £53,563 (2023 - £53,563) 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).
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