2 Bytes Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03640936 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

2 BYTES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Noel

I A Hancey

SECRETARY:

S Noel

REGISTERED OFFICE:

84 High Street

Landbeach

CAMBRIDGE

Cambridgeshire

CB25 9FT

REGISTERED NUMBER:

03640936 (England and Wales)

ACCOUNTANTS:

Staffords

Chartered Accountants

Unit 1, Cambridge House

Camboro Business Park

Oakington Road, Girton

CAMBRIDGE

Cambridgeshire

CB3 0QH

BANKERS:

Santander

SUNDERLAND

SR43 4ET

FIXED ASSETS

Tangible assets

4

-

890

CURRENT ASSETS

Debtors

5

327

1,093

Investments

6

81,352

80,470

Cash at bank

364,779

376,653

446,458

458,216

CREDITORS

Amounts falling due within one year

7

2,057

1,877

NET CURRENT ASSETS

444,401

456,339

TOTAL ASSETS LESS CURRENT LIABILITIES

444,401

457,229

PROVISIONS FOR LIABILITIES

8

-

169

NET ASSETS

444,401

457,060

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

444,399

457,058

SHAREHOLDERS' FUNDS

444,401

457,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:

S Noel - Director

1.	STATUTORY INFORMATION

2 Bytes 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

-

at varying rates 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2022

and 31 December 2022

23,809

DEPRECIATION

At 1 January 2022

22,919

Charge for year

890

At 31 December 2022

23,809

NET BOOK VALUE

At 31 December 2022

-

At 31 December 2021

890

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

327

1,093

6.	CURRENT ASSET INVESTMENTS

2022

2021

£

£

Unlisted investments

81,352

80,470

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

(200

)

(200

)

Other creditors

2,257

2,077

2,057

1,877

8.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

Accelerated capital allowances

-

169

Deferred

tax

£

Balance at 1 January 2022

169

Credit to Income Statement during year

(169

)

Balance at 31 December 2022

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Number:

Class:

Nominal

2021

2020

value:

£

£

2,000

Ordinary

0.1p

2

2

2

2

10.	RELATED PARTY DISCLOSURES

There were no material related party transactions not concluded under normal market conditions.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is S Noel.