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REGISTERED NUMBER: 02625537 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

HM TECHNOLOGY INTERNATIONAL LIMITED

HM TECHNOLOGY INTERNATIONAL LIMITED (REGISTERED NUMBER: 02625537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HM TECHNOLOGY INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs D Mamigonians
Dr H M Mamigonians





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 02625537 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

HM TECHNOLOGY INTERNATIONAL LIMITED (REGISTERED NUMBER: 02625537)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 69,428 42,893
Tangible assets 5 121,387 136,066
190,815 178,959

CURRENT ASSETS
Debtors 6 41,069 39,199
Cash at bank 12,128 978
53,197 40,177
CREDITORS
Amounts falling due within one year 7 230,258 232,548
NET CURRENT LIABILITIES (177,061 ) (192,371 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,754

(13,412

)

PROVISIONS FOR LIABILITIES 30,347 21,013
NET LIABILITIES (16,593 ) (34,425 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (16,595 ) (34,427 )
SHAREHOLDERS' FUNDS (16,593 ) (34,425 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





Dr H M Mamigonians - Director


HM TECHNOLOGY INTERNATIONAL LIMITED (REGISTERED NUMBER: 02625537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

HM Technology International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities position as at the year end. The directors of the company have provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Turnover
Turnover represents consultancy fees receivable during the year. Turnover is recognised when the consideration is due for the services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Improvements to property - 10% on cost
Plant and machinery - 33.33% on cost
Fixtures and fittings - 15% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Patents
Patents are valued at cost less accumulated amortisation.
Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 20 years.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

HM TECHNOLOGY INTERNATIONAL LIMITED (REGISTERED NUMBER: 02625537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 September 2023 87,158
Additions 31,163
At 31 August 2024 118,321
AMORTISATION
At 1 September 2023 44,265
Amortisation for year 4,628
At 31 August 2024 48,893
NET BOOK VALUE
At 31 August 2024 69,428
At 31 August 2023 42,893

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 September 2023 39,165 157,912 41,811 38,044 276,932
Additions - - - 3,069 3,069
At 31 August 2024 39,165 157,912 41,811 41,113 280,001
DEPRECIATION
At 1 September 2023 39,165 27,611 40,346 33,744 140,866
Charge for year - 15,791 1,037 920 17,748
At 31 August 2024 39,165 43,402 41,383 34,664 158,614
NET BOOK VALUE
At 31 August 2024 - 114,510 428 6,449 121,387
At 31 August 2023 - 130,301 1,465 4,300 136,066

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 10,200
Accrued income 38,249 26,363
Other debtors 2,820 2,636
41,069 39,199

HM TECHNOLOGY INTERNATIONAL LIMITED (REGISTERED NUMBER: 02625537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts - 1,871
Trade creditors 42,310 26,698
Taxation and social security 23,388 1,213
Other creditors 164,560 202,766
230,258 232,548

8. RELATED PARTY DISCLOSURES

Included within creditors as at the year end is £153,624 (2023: £195,546), an amount owed to the directors of the company. There are no specific terms of the repayment.