ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 02174465

TECHNOLOGY IN ACTION GROUP LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

TECHNOLOGY IN ACTION GROUP LIMITED

REGISTERED NUMBER: 02174465

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets		1,212		1,617
Tangible assets		1,682		2,627
Investments		3,348		3,348
		6,242		7,592
Current assets
Debtors	27,289		18,138
Cash at bank and in hand	4,226		21,633
	31,515		39,771
Creditors: amounts falling due within one year	(5,694)		(8,265)
Net current assets		25,821		31,506
Total assets less current liabilities		32,063		39,098

Net assets		32,063		39,098

Capital and reserves
Called up share capital	85,472	85,472
Profit and loss account	(53,409)	(46,374)
	32,063	39,098

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TECHNOLOGY IN ACTION GROUP LIMITED

REGISTERED NUMBER: 02174465

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

Notes

General information

Technology in Action Group Limited is a company incorporated in the United Kingdom under the
Companies Act. The company is a private company limited by shares and is registered in England and
Wales. The company's registered number is 02174465. The address of the registered office is Raymond
Penny House, Phoenix Lane, Tiverton, Devon, EX16 6LU.

Average number of employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 3).

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

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

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 December 2025.

A P Ansell

Director

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TECHNOLOGY IN ACTION GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies

1.1

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

1.2

Going concern

The financial statements are prepared on a going concern basis.

The Company continued to make losses after the balance sheet date. Cash reserves have significantly reduced. The directors of the Company have analysed and will carry out ongoing monitoring of the Company's financial position. The directors have considered the financial sources and support that are likely to be available during the going concern period, being a period of not less than one year from the date of the approval of the financial statements. As a result, they continue to adopt the going concern basis of accounting in preparing the financial statements.

2.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that re considered relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or the period on the revision and future period where the revision affects both current and future periods.

Total commitments

8,014

12,658

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TECHNOLOGY IN ACTION GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Related party transactions

As at 31 March 2025 the following amounts were interest free loans due from (due to) subsidiaries of Technology in Action Group Limited and payable on demand:

	2025	2024
	£	£
Retail Research and Development Limited	23,604	11,628
Retail Computer Services Limited	(100)	(100)
Distributed Intelligence Systems Inc	-	1,557

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