ENTROPY TECH LTD

Company Registration Number:
14946444 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 19 June 2023

End date: 30 June 2024

ENTROPY TECH LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ENTROPY TECH LTD

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The company’s principal activity during the year continued to be the development and sale of software solutions, primarily for its main client, Move Industries Inc. (formerly Movement Labs Inc.). The sole director of the company is Richard Melkonian, who remained in office throughout the year. The performance of Entropy Labs was positive during the period. The director’s role in providing consulting and software solutions to Move Industries strengthened and expanded, and this was reflected in the company’s revenue growth.

Political and charitable donations

There were none.

Company policy on disabled employees

We have no policy as we have no disabled employees.

Additional information

None for the filing period.



Directors

The director shown below has held office during the whole of the period from
19 June 2023 to 30 June 2024

Richard Melkonian


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 June 2025

And signed on behalf of the board by:
Name: Richard Melkonian
Status: Director

ENTROPY TECH LTD

Profit And Loss Account

for the Period Ended 30 June 2024

2024


£
Turnover: 110,000
Cost of sales: ( 25,599 )
Gross profit(or loss): 84,401
Distribution costs: 0
Administrative expenses: ( 3,000 )
Other operating income: 0
Operating profit(or loss): 81,401
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 81,401
Tax: ( 15,466 )
Profit(or loss) for the financial year: 65,935

ENTROPY TECH LTD

Balance sheet

As at 30 June 2024

Notes 2024


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks: 3 1
Debtors:   0
Cash at bank and in hand: 0
Investments:   0
Total current assets: 1
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 1
Total assets less current liabilities: 1
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 1
Capital and reserves
Called up share capital: 1
Share premium account: 0
Other reserves: 0
Profit and loss account: 0
Total Shareholders' funds: 1

The notes form part of these financial statements

ENTROPY TECH LTD

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 30 June 2025
and signed on behalf of the board by:

Name: Richard Melkonian
Status: Director

The notes form part of these financial statements

ENTROPY TECH LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover is recognised when the company has delivered goods or services to the customer, the amount of revenue can be reliably measured, and it is probable that the economic benefits will flow to the company. For consultancy and software development work, turnover is recognised upon completion of agreed project milestones or on a time-spent basis, depending on contract terms.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, over their expected useful lives on a straight-line basis. Computer equipment is depreciated over 3 years.

ENTROPY TECH LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024
    Average number of employees during the period 1

ENTROPY TECH LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Stocks

2024
£
Stocks 1
Payments on account 0
Total 1