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Registered number: 10688055
Tomorrow Tech Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Shaw Wallace
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 10688055
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,995 25,990
Investments 5 44,527 32,917
57,522 58,907
CURRENT ASSETS
Debtors 6 - 8,814
Investments 7 599,136 498,730
Cash at bank and in hand 17,119 74,690
616,255 582,234
Creditors: Amounts Falling Due Within One Year 8 (179,327 ) (143,405 )
NET CURRENT ASSETS (LIABILITIES) 436,928 438,829
TOTAL ASSETS LESS CURRENT LIABILITIES 494,450 497,736
Creditors: Amounts Falling Due After More Than One Year 9 (28,117 ) (33,849 )
NET ASSETS 466,333 463,887
CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve (46,335 ) 60,614
Income Statement 512,568 403,173
SHAREHOLDERS' FUNDS 466,333 463,887
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Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr. Gaurav Kotak
Director
29/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tomorrow Tech Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10688055 . The registered office is 43 Manchester Street, London, W1U 7LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Computer Equipment 100% in the first year
2.3. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.7. Judgements and key sources of estimation uncertainty
ln the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 are considered to be 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 51,980 1,504 53,484
As at 31 March 2025 51,980 1,504 53,484
Depreciation
As at 1 April 2024 25,990 1,504 27,494
Provided during the period 12,995 - 12,995
As at 31 March 2025 38,985 1,504 40,489
Net Book Value
As at 31 March 2025 12,995 - 12,995
As at 1 April 2024 25,990 - 25,990
5. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 32,917
Additions 11,610
As at 31 March 2025 44,527
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 44,527
As at 1 April 2024 32,917
Other investments are shares in other unlisted companies which have been measured at fair value.
6. Debtors
2025 2024
£ £
Due within one year
Other debtors - 8,814
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7. Current Asset Investments
2025 2024
£ £
Listed investments 599,136 498,730
All current asset investments are shares held in listed companies which are traded on a regular basis.
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,732 5,732
Trade creditors 1 -
Other creditors 131,138 122,458
Taxation and social security 42,456 15,215
179,327 143,405
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 28,117 33,849
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,732 5,732
Later than one year and not later than five years 28,117 33,849
33,849 39,581
33,849 39,581
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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