345 Technology Limited


Directors	P D Brown
	J R Hockey
	Dr A Rivers


Registered Address	8 Spur Road
	Cosham
	Portsmouth
	PO6 3EB


Registered Number	12182889 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		364,704		274,000
Tangible assets	4		21,225		21,754
			385,929		295,754
Current assets
Debtors	5	397,312		482,263
Cash at bank and on hand		28,633		142,599
		425,945		624,862
Creditors amounts falling due within one year	6	(303,174)		(537,575)
Net current assets (liabilities)			122,771		87,287
Total assets less current liabilities			508,700		383,041
Creditors amounts falling due after one year	7		(4,167)		(14,198)
Net assets			504,533		368,843
Capital and reserves
Called up share capital			300		300
Revaluation reserve			455,880		274,000
Profit and loss account			48,353		94,543
Shareholders' funds			504,533		368,843

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 July 2026, and are signed on its behalf by:

Dr A Rivers
Director

J R Hockey
Director

P D Brown
Director

Registered Company No. 12182889

345 Technology Limited

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

2.	Average number of employees


		2025		2024
	Average number of employees during the year	16		22

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 25	274,000	274,000
Additions	181,880	181,880
At 31 December 25	455,880	455,880
Amortisation and impairment
Charge for year	91,176	91,176
At 31 December 25	91,176	91,176
Net book value
At 31 December 25	364,704	364,704
At 31 December 24	274,000	274,000

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 25	37,277	37,277
Additions	13,391	13,391
Disposals	(15,529)	(15,529)
At 31 December 25	35,139	35,139
Depreciation and impairment
At 01 January 25	15,523	15,523
Charge for year	7,369	7,369
On disposals	(8,978)	(8,978)
At 31 December 25	13,914	13,914
Net book value
At 31 December 25	21,225	21,225
At 31 December 24	21,754	21,754

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	277,267	365,372
Other debtors	30,000	54,014
Prepayments and accrued income	90,045	62,877
Total	397,312	482,263

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	40,898	88,568
Taxation and social security	140,653	177,035
Other creditors	82,255	141,480
Accrued liabilities and deferred income	39,368	130,492
Total	303,174	537,575

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	4,167	14,198
Total	4,167	14,198