Company Registration No. 11155894 (England and Wales)
Technobits Ltd
Unaudited accounts
for the year ended 31 March 2022
Technobits Ltd
Unaudited accounts
Contents
Technobits Ltd
Company Information
for the year ended 31 March 2022
Company Number
11155894 (England and Wales)
Registered Office
55 Kingsway
Banbury
OX16 9NX
England
Accountants
MCC Partners
Springhead Enterprise Park
Fleet House, Springhead Road
Ebbsfleet
Kent
DA11 8HJ
Technobits Ltd
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
21,320
26,330
Creditors: amounts falling due within one year
(7,011)
(16,756)
Net current assets
14,309
17,412
Called up share capital
100
100
Profit and loss account
14,209
17,312
Shareholders' funds
14,309
17,412
For the year ending 31 March 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 August 2022 and were signed on its behalf by
S Cyriac
Director
Company Registration No. 11155894
Technobits Ltd
Notes to the Accounts
for the year ended 31 March 2022
Technobits Ltd is a private company, limited by shares, registered in England and Wales, registration number 11155894. The registered office is 55 Kingsway, Banbury, OX16 9NX, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
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Debtors: amounts falling due within one year
2022
2021
Debtors: amounts falling due after more than one year
Accrued income and prepayments
-
7,838
5
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
492
13,690
Loans from directors
6,399
3,066
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Average number of employees
During the year the average number of employees was 0 (2021: 1).