Bytlung Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09429620 (England and Wales)

Financial Statements for the Year Ended 28 February 2021

for

Bytlung Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

R N Knight

REGISTERED OFFICE:

Plum Cottage

19 Midgham Green

Midgham

Reading

Berkshire

RG7 5TT

REGISTERED NUMBER:

09429620 (England and Wales)

ACCOUNTANTS:

Millward, May & Co

Suite 9 Market House

21 Market Place

Wokingham

Berkshire

RG40 1AP

FIXED ASSETS

Tangible assets

4

1,185

1,176

CURRENT ASSETS

Debtors

5

184,653

88,150

Cash at bank

661

2,708

185,314

90,858

CREDITORS

Amounts falling due within one year

6

186,125

91,795

NET CURRENT LIABILITIES

(811

)

(937

)

TOTAL ASSETS LESS CURRENT LIABILITIES

374

239

PROVISIONS FOR LIABILITIES

225

223

NET ASSETS

149

16

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

148

15

SHAREHOLDERS' FUNDS

149

16

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 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 9 April 2021 and were signed by:

R N Knight - Director

1.	STATUTORY INFORMATION

Bytlung 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 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 4 year straight line

Fixtures and fittings - 5 year straight line

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2020

300

1,965

2,265

Additions

590

-

590

At 28 February 2021

890

1,965

2,855

DEPRECIATION

At 1 March 2020

120

969

1,089

Charge for year

90

491

581

At 28 February 2021

210

1,460

1,670

NET BOOK VALUE

At 28 February 2021

680

505

1,185

At 29 February 2020

180

996

1,176

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.21

29.2.20

£

£

Trade debtors

65,291

27,366

Other debtors

119,362

60,784

184,653

88,150

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.21

29.2.20

£

£

Bank loans and overdrafts

50,000

-

Trade creditors

50,232

384

Taxation and social security

68,451

40,217

Other creditors

17,442

51,194

186,125

91,795

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.21

29.2.20

value:

£

£

1

Ordinary

£1

1

1

8.	RELATED PARTY DISCLOSURES