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Company Registration No. 03127802 (England and Wales)
Printbyte Limited Unaudited accounts for the year ended 30 November 2022
Printbyte Limited Unaudited accounts Contents
Page
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Printbyte Limited Company Information for the year ended 30 November 2022
Directors
P J Turner D S Evans
Company Number
03127802 (England and Wales)
Registered Office
85 Great Portland Street London W1W 7LT
Accountants
WRENSFIELD LTD SUITE 60, 17 HOLYWELL HILL ST ALBANS HERTS AL1 1DT
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Printbyte Limited Statement of financial position as at 30 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,637 
3,211 
Current assets
Inventories
59,319 
62,279 
Debtors
81,839 
116,334 
Cash at bank and in hand
9,928 
7,258 
151,086 
185,871 
Creditors: amounts falling due within one year
(61,285)
(68,336)
Net current assets
89,801 
117,535 
Total assets less current liabilities
99,438 
120,746 
Creditors: amounts falling due after more than one year
(11,292)
(29,386)
Net assets
88,146 
91,360 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
88,046 
91,260 
Shareholders' funds
88,146 
91,360 
For the year ending 30 November 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by
D S Evans Director Company Registration No. 03127802
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Printbyte Limited Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
Printbyte Limited is a private company, limited by shares, registered in England and Wales, registration number 03127802. The registered office is 85 Great Portland Street, London, W1W 7LT.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
35% Reducing Balance
Motor vehicles
35% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
35% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Printbyte Limited Notes to the Accounts for the year ended 30 November 2022
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2021
36,605 
Additions
10,999 
At 30 November 2022
47,604 
Depreciation
At 1 December 2021
33,394 
Charge for the year
4,573 
At 30 November 2022
37,967 
Net book value
At 30 November 2022
9,637 
At 30 November 2021
3,211 
5
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
6
Transactions with related parties
At the balance sheet date, the company was owed £43,954 (2021- £43,954) by MGI Technology Ltd. These companies are under common control.
7
Controlling party
The Ultimate Controlling Party is the director D Evans by virtue of his shareholding in Printbyte Ltd.
8
Average number of employees
During the year the average number of employees was 4 (2021: 3).
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