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TECHNOLOGY MEANS BUSINESS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2024 TO 31 MARCH 2025






TECHNOLOGY MEANS BUSINESS LIMITED (REGISTERED NUMBER: 00741072)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2024 TO 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TECHNOLOGY MEANS BUSINESS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2024 TO 31 MARCH 2025







DIRECTOR: M R Patel





REGISTERED OFFICE: Unit 6 Hampstead West
224 Iverson Road
London
NW6 2HL





REGISTERED NUMBER: 00741072 (England and Wales)





ACCOUNTANTS: Akshar & Company
Chartered Accountants
221 Kenton Lane
Harrow
Middlesex
HA3 8RP

TECHNOLOGY MEANS BUSINESS LIMITED (REGISTERED NUMBER: 00741072)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 6,181
Investments 6 1,000 1,000
1,000 7,181

CURRENT ASSETS
Stocks 32,527 5,802
Debtors 7 988,245 1,269,030
Cash at bank 669,212 302,618
1,689,984 1,577,450
CREDITORS
Amounts falling due within one year 8 736,890 803,594
NET CURRENT ASSETS 953,094 773,856
TOTAL ASSETS LESS CURRENT LIABILITIES 954,094 781,037

PROVISIONS FOR LIABILITIES - 1,545
NET ASSETS 954,094 779,492

CAPITAL AND RESERVES
Called up share capital 2,100 2,100
Share premium 4,900 4,900
Retained earnings 947,094 772,492
954,094 779,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TECHNOLOGY MEANS BUSINESS LIMITED (REGISTERED NUMBER: 00741072)

BALANCE SHEET - continued
31 MARCH 2025


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 director and authorised for issue on 20 June 2025 and were signed by:





M R Patel - Director


TECHNOLOGY MEANS BUSINESS LIMITED (REGISTERED NUMBER: 00741072)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2024 TO 31 MARCH 2025

1. STATUTORY INFORMATION

Technology Means Business 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 6.7% to 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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 period 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.

TECHNOLOGY MEANS BUSINESS LIMITED (REGISTERED NUMBER: 00741072)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2024 TO 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 31 (2024 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2024 960,235
Disposals (960,235 )
At 31 March 2025 -
AMORTISATION
At 1 July 2024 960,235
Eliminated on disposal (960,235 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 30 June 2024 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2024 293,156
Additions 1
Disposals (290,540 )
At 31 March 2025 2,617
DEPRECIATION
At 1 July 2024 286,975
Charge for period 3,829
Eliminated on disposal (288,187 )
At 31 March 2025 2,617
NET BOOK VALUE
At 31 March 2025 -
At 30 June 2024 6,181

TECHNOLOGY MEANS BUSINESS LIMITED (REGISTERED NUMBER: 00741072)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2024 TO 31 MARCH 2025

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2024
and 31 March 2025 1,000
NET BOOK VALUE
At 31 March 2025 1,000
At 30 June 2024 1,000

All investments are minority holdings in unlisted companies and are therefore held at their historic cost.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 435,516 417,685
Amounts owed by group undertakings 544,928 789,030
Other debtors 7,801 62,315
988,245 1,269,030

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 194,229 193,447
Taxation and social security 260,521 312,312
Other creditors 282,140 297,835
736,890 803,594