Company Registration No. 11059172 (England and Wales)
NOTIONAL TECHNOLOGY LTD
Unaudited accounts
for the year ended 30 November 2023
NOTIONAL TECHNOLOGY LTD
Unaudited accounts
Contents
NOTIONAL TECHNOLOGY LTD
Company Information
for the year ended 30 November 2023
Directors
Teresa O'Sullivan
Martin Pitt
Company Number
11059172 (England and Wales)
Registered Office
Suite 99 Milton Keynes Business Centre
Linford Wood, Milton Keynes
Buckinghamshire
MK14 6GD
ENGLAND
Accountants
Arth Limited
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of NOTIONAL TECHNOLOGY LTD for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
NOTIONAL TECHNOLOGY LTD for the year ended
30 November 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of NOTIONAL TECHNOLOGY LTD, as a body, in accordance with the terms of our engagement letter dated 29 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of NOTIONAL TECHNOLOGY LTD and state those matters that we have agreed to state to the Board of Directors of NOTIONAL TECHNOLOGY LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NOTIONAL TECHNOLOGY LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NOTIONAL TECHNOLOGY 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 profit of NOTIONAL TECHNOLOGY LTD. You consider that NOTIONAL TECHNOLOGY 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 NOTIONAL TECHNOLOGY 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.
Arth Limited
Chartered Accountants
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
22 August 2024
NOTIONAL TECHNOLOGY LTD
Statement of financial position
as at 30 November 2023
Tangible assets
2,471
4,412
Cash at bank and in hand
530,030
823,503
Creditors: amounts falling due within one year
223,253
61,745
Net current assets
970,161
1,049,033
Net assets
972,632
1,053,445
Called up share capital
10
10
Profit and loss account
972,622
1,053,435
Shareholders' funds
972,632
1,053,445
For the year ending 30 November 2023 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 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 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 of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by
Martin Pitt
Director
Company Registration No. 11059172
NOTIONAL TECHNOLOGY LTD
Notes to the Accounts
for the year ended 30 November 2023
NOTIONAL TECHNOLOGY LTD is a private company, limited by shares, registered in England and Wales, registration number 11059172. The registered office is Suite 99 Milton Keynes Business Centre, Linford Wood, Milton Keynes, Buckinghamshire, MK14 6GD, ENGLAND.
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:
Computer equipment
Straight line @ 25%
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Computer equipment
At 30 November 2023
10,754
NOTIONAL TECHNOLOGY LTD
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
74,612
3,600
Accrued income and prepayments
-
94,950
Other debtors
137,382
59,259
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
84,903
57,801
Loans from directors
(345,857)
(212,371)
Deferred income
32,083
91,250
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
202,371
240,393
8,917
433,847
212,371
240,393
8,917
443,847
During the year and at the end of year, an amount of £436,826 has been advanced to the director of the company, this has been repaid within 9 months after the year end
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).