Registered number
12492091
BYTES IT CONSULTANCY LTD
Filleted Accounts
30 September 2023
BYTES IT CONSULTANCY LTD
Registered number: 12492091
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 46,258 30,447
Creditors: amounts falling due within one year 3 (17,172) (16,954)
Net current assets 29,086 13,493
Net assets 29,086 13,493
Capital and reserves
Called up share capital 100 100
Profit and loss account 28,986 13,393
Shareholder's funds 29,086 13,493
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Yahya Mert CAKMAK
Director
Approved by the board on 3 October 2023
BYTES IT CONSULTANCY LTD
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,050 1,800
Taxation and social security costs 15,122 10,155
Other creditors - 4,999
17,172 16,954
4 Other information
BYTES IT CONSULTANCY LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4 , Kinetica
13 Ramsgate Street
London
E8 2FD
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