IRIS Accounts Production v23.3.0.418 09671936 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096719362022-07-31096719362023-07-31096719362022-08-012023-07-31096719362021-07-31096719362021-08-012022-07-31096719362022-07-3109671936ns10:Originalns15:EnglandWales2022-08-012023-07-3109671936ns14:PoundSterlingns10:Original2022-08-012023-07-3109671936ns10:Originalns10:Director12022-08-012023-07-3109671936ns10:Original2022-08-012023-07-3109671936ns10:Original2023-07-3109671936ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3109671936ns10:Originalns10:SmallEntities2022-08-012023-07-3109671936ns10:Originalns10:AuditExemptWithAccountantsReport2022-08-012023-07-3109671936ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3109671936ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3109671936ns10:Originalns10:FullAccounts2022-08-012023-07-3109671936ns10:Originalns10:Director22022-08-012023-07-3109671936ns10:Originalns10:RegisteredOffice2022-08-012023-07-3109671936ns10:Original2022-07-3109671936ns10:Originalns5:CurrentFinancialInstruments2023-07-3109671936ns10:Originalns5:CurrentFinancialInstruments2022-07-3109671936ns10:Originalns5:Non-currentFinancialInstruments2023-07-3109671936ns10:Originalns5:Non-currentFinancialInstruments2022-07-3109671936ns5:ShareCapitalns10:Original2023-07-3109671936ns5:ShareCapitalns10:Original2022-07-3109671936ns10:Originalns5:SharePremium2023-07-3109671936ns10:Originalns5:SharePremium2022-07-3109671936ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3109671936ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3109671936ns10:Original2021-08-012022-07-3109671936ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-07-3109671936ns10:Originalns5:PlantMachinery2022-07-3109671936ns10:Originalns5:ComputerEquipment2022-07-3109671936ns10:Original2022-07-3109671936ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-08-012023-07-3109671936ns10:Originalns5:PlantMachinery2022-08-012023-07-3109671936ns10:Originalns5:ComputerEquipment2022-08-012023-07-3109671936ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2023-07-3109671936ns10:Originalns5:PlantMachinery2023-07-3109671936ns10:Originalns5:ComputerEquipment2023-07-3109671936ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-07-3109671936ns10:Originalns5:PlantMachinery2022-07-3109671936ns10:Originalns5:ComputerEquipment2022-07-3109671936ns10:Originalns5:AdditionsToInvestments2023-07-3109671936ns10:Originalns5:CostValuation2023-07-3109671936ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3109671936ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3109671936ns10:Original1ns10:Director12022-07-3109671936ns10:Original1ns10:Director12021-07-3109671936ns10:Original1ns10:Director12022-08-012023-07-3109671936ns10:Original1ns10:Director12021-08-012022-07-3109671936ns10:Original1ns10:Director12023-07-3109671936ns10:Original1ns10:Director12022-07-31
REGISTERED NUMBER: 09671936 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Gigabyte Software Limited

Gigabyte Software Limited (Registered number: 09671936)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Gigabyte Software Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: R Corley
A C Roberts





REGISTERED OFFICE: 14 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG





REGISTERED NUMBER: 09671936 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
14 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG

Gigabyte Software Limited (Registered number: 09671936)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28 18,412
Investments 5 380 -
408 18,412

CURRENT ASSETS
Debtors 6 31,138 31,903
Cash at bank 32,175 25,951
63,313 57,854
CREDITORS
Amounts falling due within one year 7 21,710 93,395
NET CURRENT ASSETS/(LIABILITIES) 41,603 (35,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,011

(17,129

)

CREDITORS
Amounts falling due after more than one year 8 34,259 39,820
NET ASSETS/(LIABILITIES) 7,752 (56,949 )

CAPITAL AND RESERVES
Called up share capital 938 938
Share premium 203,406 203,406
Retained earnings (196,592 ) (261,293 )
SHAREHOLDERS' FUNDS 7,752 (56,949 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





R Corley - Director


Gigabyte Software Limited (Registered number: 09671936)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Gigabyte Software 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 2 (2022 - 6 ) .

Gigabyte Software Limited (Registered number: 09671936)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Long Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 August 2022 17,450 895 12,034 30,379
Disposals (17,450 ) - - (17,450 )
At 31 July 2023 - 895 12,034 12,929
DEPRECIATION
At 1 August 2022 - 895 11,072 11,967
Charge for year - - 934 934
At 31 July 2023 - 895 12,006 12,901
NET BOOK VALUE
At 31 July 2023 - - 28 28
At 31 July 2022 17,450 - 962 18,412

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 380
At 31 July 2023 380
NET BOOK VALUE
At 31 July 2023 380

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,737 5,340
Other debtors 22,401 26,563
31,138 31,903

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 8,901
Trade creditors 796 2,068
Taxation and social security 13,358 73,157
Other creditors 2,000 9,269
21,710 93,395

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 34,259 39,820

Gigabyte Software Limited (Registered number: 09671936)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
R Corley
Balance outstanding at start of year 15,369 15,369
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,369 15,369

10. RELATED PARTY DISCLOSURES

Included in other debtors is £15,369 owed by Mr R Corley (2022 : £15,369), a director of the company. This loan is interest free and repayable on demand.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Gigabyte Software Limited

The following reproduces the text of the report prepared for the directors 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 Income Statement and certain other primary statements and the Report of the Directors 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 Gigabyte Software Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gigabyte Software Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gigabyte Software Limited and state those matters that we have agreed to state to the Board of Directors of Gigabyte Software Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gigabyte Software Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gigabyte Software 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 Gigabyte Software Limited. You consider that Gigabyte Software 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 Gigabyte Software 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.






Bennett Brooks & Co Ltd
Chartered Accountants
14 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG


1 November 2023