Registered Number:07269987 |
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2023
Bitlabs Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Bitlabs Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
2,956
3,943
2
2,956
3,943
Trade and other receivables |
21,888
33,600
3
48,845
Cash and cash equivalents |
98,489
132,089
70,733
Trade and other payables: amounts falling due within one year |
(38,831)
(80,139)
4
31,902
51,950
Net current assets
Total assets less current liabilities |
54,906
35,845
54,906
Net assets
35,845
1
1
54,905
35,844
54,906
35,845
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 29 January 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 June 2023
Bitlabs Ltd
Notes to the Financial Statements
Statutory Information
Bitlabs Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 07269987. |
Principal place of business: |
177 Bradstowe House,
Headstone Road,
Harrow
HA1 1EL
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2. Property, plant and equipment |
12,623
12,623
Provision for depreciation and impairment |
8,680
Charge for year
987
9,667
2,956
3,943
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For the year ended 30 June 2023
Bitlabs Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables |
2022
2023
-
17,160
33,600
4,728
21,888
33,600
4. Trade and other payables: amounts falling due within one year |
2022
2023
468
234
Taxation and social security |
79,580
38,514
91
83
80,139
38,831
5. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
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