Earthbyte Computers Limited - Accounts to registrar (filleted) - small 17.3

Earthbyte Computers Limited - Accounts to registrar (filleted) - small 17.3

EARTHBYTE COMPUTERS LIMITED - Company Information

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REGISTERED NUMBER: 02434666 (England and Wales)















Earthbyte Computers Limited

Unaudited Financial Statements for the Year Ended 31 March 2017






Earthbyte Computers Limited (Registered number: 02434666)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Earthbyte Computers Limited

Company Information
for the Year Ended 31 March 2017







DIRECTOR: M Amin





REGISTERED OFFICE: 8 Graveney Road
Tooting Broadway
London
SW17 0EQ





REGISTERED NUMBER: 02434666 (England and Wales)
Page 1
Earthbyte Computers Limited (Registered number: 02434666)

Statement of Financial Position
31 March 2017

2017 2016
Notes £    £   
CURRENT ASSETS
Investments 3 5,618 5,412
Cash at bank 25,099 24,587
30,717 29,999
CREDITORS
Amounts falling due within one year 4 17,469 17,458
NET CURRENT ASSETS 13,248 12,541
TOTAL ASSETS LESS CURRENT LIABILITIES 13,248 12,541

PROVISIONS FOR LIABILITIES 5 145 106
NET ASSETS 13,103 12,435

CAPITAL AND RESERVES
Called up share capital 6 2 2
Fair value reserve 7 620 453
Retained earnings 12,481 11,980
SHAREHOLDERS' FUNDS 13,103 12,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 director on 28 October 2017 and were signed by:




M Amin - Director


The notes form part of these financial statements

Page 2
Earthbyte Computers Limited (Registered number: 02434666)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Earthbyte Computers 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 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.

Income recognition
Turnover includes income from listed investments and deposit account interest.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and
liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and
loans to related parties.

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in
profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with
changes recognised in profit or loss.

Current asset investments
Current asset investments consist of listed stocks and securities which are held at fair value.

3. CURRENT ASSET INVESTMENTS
2017 2016
£    £   
Listed investments 5,618 5,412

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other creditors 17,469 17,458

5. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax 145 106

Page 3
Earthbyte Computers Limited (Registered number: 02434666)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

5. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2016 106
Charge to Statement of Comprehensive Income during year 39
Balance at 31 March 2017 145

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
2 Ordinary £1 2 2

7. RESERVES
Fair
value
reserve
£   
At 1 April 2016 453
Transfer of unrealised gain 167

At 31 March 2017 620

8. FIRST YEAR ADOPTION

It is the first year that the company has presented its financial statements under Financial Reporting Standard
102. The last financial statements prepared under previous UK GAAP were for the year ended 31 March 2016
and the date of transition to FRS 102 was therefore 1 April 2015.

As a consequence of adopting FRS 102, the listed investments and deferred tax accounting policies have
changed to comply with those standards.

These changes has been retrospectively applied, as follows:

FRS 102 requires listed investments to stated at fair value, and any surplus or loss to be included in arriving at
the profit before tax for the year describing it as a fair value adjustment. The profit and loss account to 2016
has been restated by £453 to include the fair value adjustment of £559 less deferred tax of £106.

The fair value adjustment has lead to the recognition of additional deferred tax liabilities of £69 at the date of
transition, and to increase the deferred tax charge for by £37 in 2016 and by £39 in the current year.


Page 4