Company Registration No. 14043556 (England and Wales)
CYTIX LTD
Unaudited accounts
for the year ended 31 December 2023
CYTIX LTD
Unaudited accounts
Contents
CYTIX LTD
Company Information
for the year ended 31 December 2023
Directors
Benjamin John Armstrong
Thomas Jacob Ballin
Company Number
14043556 (England and Wales)
Registered Office
Cytix Digital Security Hub
47 Lloyd Street
Manchester
M2 5LE
England
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
CYTIX LTD
Accountants' report
Accountants' report to the board of directors of CYTIX LTD on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
CYTIX LTD for the year ended
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CYTIX LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CYTIX LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CYTIX LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CYTIX LTD 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 CYTIX LTD. You consider that CYTIX LTD 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 CYTIX LTD. 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.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
28 March 2024
CYTIX LTD
Statement of financial position
as at 31 December 2023
Intangible assets
20,940
21,160
Cash at bank and in hand
45,960
26,265
Creditors: amounts falling due within one year
(11,648)
(62,056)
Net current assets/(liabilities)
61,236
(28,064)
Net assets/(liabilities)
88,165
(5,972)
Called up share capital
10
1
Profit and loss account
(291,755)
(5,973)
Shareholders' funds
88,165
(5,972)
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by
Thomas Jacob Ballin
Director
Company Registration No. 14043556
CYTIX LTD
Notes to the Accounts
for the year ended 31 December 2023
CYTIX LTD is a private company, limited by shares, registered in England and Wales, registration number 14043556. The registered office is Cytix Digital Security Hub, 47 Lloyd Street, Manchester, M2 5LE, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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: 25% Straight line
Computer equipment
Straight Line Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is straight line over 10 years.
Cytix Ltd is a start up company in the development stage and will be funded by directors loans and investors for the foreseeable future.
4
Intangible fixed assets
Other
At 31 December 2023
23,706
At 31 December 2023
20,940
At 31 December 2022
21,160
CYTIX LTD
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
-
1,029
1,029
At 31 December 2023
123
7,516
7,639
Charge for the year
27
1,526
1,553
At 31 December 2023
27
1,623
1,650
At 31 December 2023
96
5,893
5,989
At 31 December 2022
-
932
932
Amounts falling due within one year
Accrued income and prepayments
8,268
5,732
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
7,735
-
Loans from directors
1,236
62,032
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The balance was repaid in full on 17th March 2024
9
Average number of employees
During the year the average number of employees was 5 (2022: 2).