2022-07-012023-06-302023-06-30false13432395Pytech 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Pytech Ltd

Registered Number
13432395
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

Pytech Ltd
Company Information
for the year from 1 July 2022 to 30 June 2023

Director

EGBE, Louis Mbua

Registered Address

1 Cranford Drive
Knutsford Business Park
Knutsford
WA16 8ZR

Registered Number

13432395 (England and Wales)
Pytech Ltd
Statement of Financial Position
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets6211281
211281
Current assets
Debtors2,695-
Cash at bank and on hand1,2201,159
3,9151,159
Creditors amounts falling due within one year7(4,009)(1,419)
Net current assets (liabilities)(94)(260)
Total assets less current liabilities11721
Net assets11721
Capital and reserves
Called up share capital11
Profit and loss account11620
Shareholders' funds11721
The financial statements were approved and authorised for issue by the Director on 17 October 2023, and are signed on its behalf by:
EGBE, Louis Mbua
Director
Registered Company No. 13432395
Pytech Ltd
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the period under review was that of Information technology consultancy activities.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Employee information

20232022
Average number of employees during the year21
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 July 22300
At 30 June 23300
Depreciation and impairment
At 01 July 2219
Charge for year70
At 30 June 2389
Net book value
At 30 June 23211
At 30 June 22281
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables2,79128
Bank borrowings and overdrafts-791
Taxation and social security910400
Other creditors308-
Accrued liabilities and deferred income-200
Total4,0091,419
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.