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REGISTERED NUMBER: 05743321 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Qytek Limited

Qytek Limited (Registered number: 05743321)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Qytek Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D. Cowan





REGISTERED OFFICE: 30 Bankside Court
Stationfields
Kidlington
Oxford
Oxfordshire
OX5 1JE





REGISTERED NUMBER: 05743321 (England and Wales)





ACCOUNTANTS: Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Qytek Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Qytek Limited for the year ended 31 March 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Qytek Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Qytek Limited and state those matters that we have agreed to state to the director of Qytek Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Qytek Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Qytek Limited. You consider that Qytek Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Qytek Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE


25 September 2023

Qytek Limited (Registered number: 05743321)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,960 2,596
Investments 5 23,232 23,232
25,192 25,828

CURRENT ASSETS
Stocks 12,843 7,977
Debtors 6 59,368 58,312
Cash at bank 20,263 29,726
92,474 96,015
CREDITORS
Amounts falling due within one year 7 (40,699 ) (34,323 )
NET CURRENT ASSETS 51,775 61,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,967

87,520

CREDITORS
Amounts falling due after more than
one year

8

(23,333

)

(33,333

)
NET ASSETS 53,634 54,187

Qytek Limited (Registered number: 05743321)

Balance Sheet - continued
31 March 2023

31/3/23 31/3/22
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 53,630 54,183
53,634 54,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 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 director and authorised for issue on 25 September 2023 and were signed by:





D. Cowan - Director


Qytek Limited (Registered number: 05743321)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Qytek 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Qytek Limited (Registered number: 05743321)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 18,590
Additions 315
Disposals (9,514 )
At 31 March 2023 9,391
DEPRECIATION
At 1 April 2022 15,994
Charge for year 951
Eliminated on disposal (9,514 )
At 31 March 2023 7,431
NET BOOK VALUE
At 31 March 2023 1,960
At 31 March 2022 2,596

5. FIXED ASSET INVESTMENTS

31/3/23 31/3/22
£    £   
Other investments not loans 10,250 10,250
Other loans 12,982 12,982
23,232 23,232

Additional information is as follows:
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 10,250
NET BOOK VALUE
At 31 March 2023 10,250
At 31 March 2022 10,250

Qytek Limited (Registered number: 05743321)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS - continued
Other
loans
£   
At 1 April 2022
and 31 March 2023 12,982

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 59,179 57,897
Other debtors 189 415
59,368 58,312

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,389 (185 )
Taxation and social security 26,957 23,224
Other creditors 1,353 1,284
40,699 34,323

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans 23,333 33,333