Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31truetrue2022-04-01falseNo description of principal activity33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06305660 2022-04-01 2023-03-31 06305660 2021-04-01 2022-03-31 06305660 2023-03-31 06305660 2022-03-31 06305660 c:Director1 2022-04-01 2023-03-31 06305660 c:Director2 2022-04-01 2023-03-31 06305660 c:Director3 2022-04-01 2023-03-31 06305660 c:RegisteredOffice 2022-04-01 2023-03-31 06305660 d:FurnitureFittings 2022-04-01 2023-03-31 06305660 d:FurnitureFittings 2023-03-31 06305660 d:FurnitureFittings 2022-03-31 06305660 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06305660 d:OfficeEquipment 2022-04-01 2023-03-31 06305660 d:CurrentFinancialInstruments 2023-03-31 06305660 d:CurrentFinancialInstruments 2022-03-31 06305660 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06305660 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06305660 d:ShareCapital 2023-03-31 06305660 d:ShareCapital 2022-03-31 06305660 d:RetainedEarningsAccumulatedLosses 2023-03-31 06305660 d:RetainedEarningsAccumulatedLosses 2022-03-31 06305660 c:FRS102 2022-04-01 2023-03-31 06305660 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06305660 c:FullAccounts 2022-04-01 2023-03-31 06305660 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 06305660







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


73BIT LIMITED






































                        

 


73BIT LIMITED
 


 
COMPANY INFORMATION


Directors
G.V. Shah 
V.C. Shetty 
C. M. Da Costa 




Registered number
06305660



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


73BIT LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 4

 


73BIT LIMITED
REGISTERED NUMBER:06305660



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
88
125

  
88
125

Current assets
  

Debtors: amounts falling due within one year
 4 
112,688
36,344

Cash at bank and in hand
  
342,018
132,089

  
454,706
168,433

Creditors: amounts falling due within one year
 5 
(83,052)
(26,297)

Net current assets
  
 
 
371,654
 
 
142,136

Total assets less current liabilities
  
371,742
142,261

  

Net assets
  
371,742
142,261


Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
371,642
142,161

  
371,742
142,261


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


G.V. Shah
Director

Date: 1 November 2023

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 


73BIT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

73Bit Limited is a private Company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the Company information page. There is no principal place of business.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue is generated from the provision of benchmarking software services and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Reducing balance
Equipment
-
33%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 2

 


73BIT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2022
7,492



At 31 March 2023

7,492



Depreciation


At 1 April 2022
7,367


Charge for the year on owned assets
37



At 31 March 2023

7,404



Net book value



At 31 March 2023
88



At 31 March 2022
125

Page 3

 


73BIT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Trade debtors
110,895
35,092

Prepayments and accrued income
1,793
1,252

112,688
36,344



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
69,319
5,045

Other taxation and social security
1,227
9,048

Other creditors
242
238

Accruals and deferred income
12,264
11,966

83,052
26,297



6.


Transactions with directors

At the year end the balance remaining within other creditors in respect of the directors current accounts was £242 (2022: £238 in other creditors).  There is no interest charged on this loan.

 
Page 4