REGISTERED NUMBER: 04423021 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

TECHNOLOGYLAB LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

JI Tomkinson

S G Durban

SECRETARY:

A Tomkinson

REGISTERED OFFICE:

99 Wellington Road North

Stockport

Cheshire

SK4 2LP

REGISTERED NUMBER:

04423021 (England and Wales)

ACCOUNTANTS:

Payex Ltd

99 Wellington Road North

Stockport

Cheshire

SK4 2LP

FIXED ASSETS

Tangible assets

4

310

413

CURRENT ASSETS

Debtors

5

14,682

26,581

Cash at bank

16,967

20,626

31,649

47,207

CREDITORS

Amounts falling due within one year

6

31,564

47,366

NET CURRENT ASSETS/(LIABILITIES)

85

(159

)

TOTAL ASSETS LESS CURRENT LIABILITIES

395

254

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

295

154

SHAREHOLDERS' FUNDS

395

254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 September 2017 and were signed on its behalf by:

JI Tomkinson - Director

1.	STATUTORY INFORMATION

TECHNOLOGYLAB LTD 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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

-

25% 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

and 30 April 2017

5,026

DEPRECIATION

At 1 May 2016

4,613

Charge for year

103

At 30 April 2017

4,716

NET BOOK VALUE

At 30 April 2017

310

At 30 April 2016

413

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

12,855

26,581

Other debtors

1,827

-

14,682

26,581

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

2,681

3,427

Taxation and social security

22,483

29,570

Other creditors

6,400

14,369

31,564

47,366