Company Registration No. 12211671 (England and Wales)
1.618 Technologies Limited
Unaudited accounts
for the year ended 30 September 2024
1.618 Technologies Limited
Unaudited accounts
Contents
1.618 Technologies Limited
Company Information
for the year ended 30 September 2024
Directors
Candice Giles
Tyrone Hodgson
Company Number
12211671 (England and Wales)
Registered Office
Kemp House
City Road
London
England
EC1V 2NX
Accountants
Warwick McArdle
55 Ellerton Road
London
SW18 3NQ
1.618 Technologies Limited
Statement of financial position
as at 30 September 2024
Investments
398,560
174,922
Cash at bank and in hand
121,841
129,017
Creditors: amounts falling due within one year
(879,830)
(655,436)
Net current liabilities
(353,002)
(142,510)
Total assets less current liabilities
45,558
33,436
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
45,458
33,131
Shareholders' funds
45,558
33,231
For the year ending 30 September 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 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 23 May 2025 and were signed on its behalf by
Candice Giles
Director
Company Registration No. 12211671
1.618 Technologies Limited
Notes to the Accounts
for the year ended 30 September 2024
1.618 Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 12211671. The registered office is Kemp House, City Road, London, England, EC1V 2NX.
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:
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in shares are included at cost.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.618 Technologies Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
754
9,621
10,375
At 30 September 2024
754
9,621
10,375
At 1 October 2023
604
8,747
9,351
Charge for the year
150
874
1,024
At 30 September 2024
754
9,621
10,375
At 30 September 2024
-
-
-
At 30 September 2023
150
874
1,024
5
Investments
Other investments
Valuation at 1 October 2023
174,922
Valuation at 30 September 2024
398,560
Amounts falling due within one year
Trade debtors
300,864
333,809
Other debtors
104,123
50,100
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
98,172
66,622
Taxes and social security
-
1,740
Deferred income
262,335
206,083
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
1.618 Technologies Limited
Notes to the Accounts
for the year ended 30 September 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).