REGISTERED NUMBER: 03037794 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

TECHNOLOGY 2 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

John Malthouse FCA

SECRETARY:

John Malthouse FCA

REGISTERED OFFICE:

America House

Rumford Court

Rumford Place

Liverpool

L3 9DD

REGISTERED NUMBER:

03037794 (England and Wales)

ACCOUNTANTS:

Malthouse & Company Chartered Accountants

America House, Rumford Court

Rumford Place

Liverpool

Merseyside

L3 9DD

FIXED ASSETS

Intangible assets

4

183,370

176,368

Tangible assets

5

2,438

84

185,808

176,452

CURRENT ASSETS

Debtors

6

57,277

64,761

Cash at bank

74,562

91,757

131,839

156,518

CREDITORS

Amounts falling due within one year

7

29,568

27,741

NET CURRENT ASSETS

102,271

128,777

TOTAL ASSETS LESS CURRENT LIABILITIES

288,079

305,229

CREDITORS

Amounts falling due after more than one year

8

(4,167

)

(14,167

)

PROVISIONS FOR LIABILITIES

9

(30,507

)

(31,292

)

NET ASSETS

253,405

259,770

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

253,305

259,670

SHAREHOLDERS' FUNDS

253,405

259,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 29 April 2026 and were signed by:

John Malthouse FCA - Director

1.	STATUTORY INFORMATION

Technology 2 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.

SOFTWARE DEVELOPMENT COSTS

Costs incurred in the development of software products are capitalised and amortised to correspond to the relevant revenues generated. They are amortised at the rate of 20% on cost.

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

-

20% on cost

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.

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.

FINANCIAL INSTRUMENTS

The company holds only basic financial assets, including trade and other receivables which are initially recognised at transaction price.

GOVERNMENT GRANTS

Government grants are recognised in the financial statements when there is reasonable assurance that the company will comply with the conditions attached to the grant and the grants will be received. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs shall be recognised in income in the period in which it is receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2024

1,211,047

Additions

94,348

At 30 April 2025

1,305,395

AMORTISATION

At 1 May 2024

1,034,679

Charge for year

87,346

At 30 April 2025

1,122,025

NET BOOK VALUE

At 30 April 2025

183,370

At 30 April 2024

176,368

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

41,094

Additions

2,382

Disposals

(21,344

)

At 30 April 2025

22,132

DEPRECIATION

At 1 May 2024

41,010

Charge for year

28

Eliminated on disposal

(21,344

)

At 30 April 2025

19,694

NET BOOK VALUE

At 30 April 2025

2,438

At 30 April 2024

84

6.

DEBTORS

30.4.25

30.4.24

£

£

Amounts falling due within one year:

Trade debtors

27,466

27,666

Other debtors

2,030

2,258

29,496

29,924

Amounts falling due after more than one year:

Other debtors

27,781

34,837

Aggregate amounts

57,277

64,761

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

5,769

5,330

Taxation and social security

7,893

5,315

Other creditors

5,906

7,096

29,568

27,741

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

4,167

14,167

9.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

30,507

31,292

Deferred

tax

£

Balance at 1 May 2024

31,292

Utilised during year

(785

)

Balance at 30 April 2025

30,507

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £27,781 (2024 - £34,837) by Malthouse & Company Limited, a company of which John Malthouse is also a director.

The company also paid Malthouse & Company Limited £20,000 in respect of director's services for the year.

The controlling party is 'The Trustees of The Joni Phillips Deceased Discretionary Trust', the trustees being John Malthouse and Susan Malthouse.