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Company Registration No. 09591961 (England and Wales)
BYT Centres Limited Unaudited accounts for the year ended 31 March 2023
BYT Centres Limited Unaudited accounts Contents
Page
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BYT Centres Limited Company Information for the year ended 31 March 2023
Director
Mr Edward St John Webster
Company Number
09591961 (England and Wales)
Registered Office
41-43 Castle Street High Wycombe Buckinghamshire HP13 6RN
Accountants
Julia Allnutt Ltd 17 Headlands Business Park Salisbury Road Ringwood Hampshire BH24 3PB
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of BYT Centres Limited for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BYT Centres Limited for the year ended 31 March 2023 as set out on pages 5 - 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of BYT Centres Limited, as a body, in accordance with the terms of our engagement letter dated 16 October 2017. Our work has been undertaken solely to prepare for your approval the accounts of BYT Centres Limited and state those matters that we have agreed to state to the Board of Directors of BYT Centres Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BYT Centres Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BYT Centres Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of BYT Centres Limited. You consider that BYT Centres 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 accounts of BYT Centres 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 accounts.
Julia Allnutt Ltd Chartered Accountants 17 Headlands Business Park Salisbury Road Ringwood Hampshire BH24 3PB 25 October 2023
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BYT Centres Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
114,772 
162,394 
Current assets
Debtors
99,689 
120,143 
Cash at bank and in hand
70,260 
65,062 
169,949 
185,205 
Creditors: amounts falling due within one year
(755,242)
(565,115)
Net current liabilities
(585,293)
(379,910)
Total assets less current liabilities
(470,521)
(217,516)
Creditors: amounts falling due after more than one year
(28,867)
(31,018)
Provisions for liabilities
Deferred tax
- 
(30,855)
Net liabilities
(499,388)
(279,389)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(499,488)
(279,489)
Shareholders' funds
(499,388)
(279,389)
For the year ending 31 March 2023 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 1 November 2023 and were signed on its behalf by
Mr Edward St John Webster Director Company Registration No. 09591961
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BYT Centres Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
BYT Centres Limited is a private company, limited by shares, registered in England and Wales, registration number 09591961. The registered office is 41-43 Castle Street, High Wycombe, Buckinghamshire, HP13 6RN.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 years straight line
Computer equipment
3 years straight line
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. Deferred tax assets and liabilities are not discounted.
Turnover
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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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BYT Centres Limited Notes to the Accounts for the year ended 31 March 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
65,819 
Disposals
(65,819)
At 31 March 2023
- 
Amortisation
At 1 April 2022
65,819 
On disposals
(65,819)
At 31 March 2023
- 
Net book value
At 31 March 2023
- 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
227,576 
5,826 
233,402 
Additions
11,281 
3,242 
14,523 
Disposals
(25,241)
(110)
(25,351)
At 31 March 2023
213,616 
8,958 
222,574 
Depreciation
At 1 April 2022
68,660 
2,348 
71,008 
Charge for the year
47,905 
2,674 
50,579 
On disposals
(13,675)
(110)
(13,785)
At 31 March 2023
102,890 
4,912 
107,802 
Net book value
At 31 March 2023
110,726 
4,046 
114,772 
At 31 March 2022
158,916 
3,478 
162,394 
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BYT Centres Limited Notes to the Accounts for the year ended 31 March 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,396 
Trade debtors
28,772 
56,663 
Deferred tax asset
21,080 
Accrued income and prepayments
22,953 
21,430 
Other debtors
26,884 
38,654 
99,689 
120,143 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,648 
10,649 
Trade creditors
399,088 
171,885 
Amounts owed to group undertakings and other participating interests
161,088 
216,088 
Taxes and social security
100,138 
67,765 
Other creditors
83,580 
98,061 
Accruals
700 
667 
755,242 
565,115 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
28,867 
31,018 
9
Deferred taxation
2023 
2022 
£ 
£ 
Tax losses carried forward
(42,886)
- 
Other deferred taxation
21,806 
30,855 
(21,080)
30,855 
2023 
2022 
£ 
£ 
Provision at start of year
30,855 
21,099 
(Credited)/charged to the profit and loss account
(51,935)
9,756 
Provision at end of year
(21,080)
30,855 
10
Transactions with related parties
Amounts owed to group undertakings and other participating interests BYT Enterprises Limited: 2023: £161,088 (2021: £216,088)
11
Controlling party
The company is 100% controlled by BYT Enterprises Limited
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BYT Centres Limited Notes to the Accounts for the year ended 31 March 2023
12
Average number of employees
During the year the average number of employees was 74 (2022: 69).
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