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REGISTERED NUMBER: 11474702 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Lyte Signalling Services Ltd

Lyte Signalling Services Ltd (Registered number: 11474702)






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


Lyte Signalling Services Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: I Mubaiwa





REGISTERED OFFICE: 17 Heritage Court
Kettering
NN16 0DU





REGISTERED NUMBER: 11474702 (England and Wales)





ACCOUNTANTS: HCL Accountancy Limited
26 Dorset Gardens
Rochford
Essex
SS4 3AH

Lyte Signalling Services Ltd (Registered number: 11474702)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 649 1,856

CURRENT ASSETS
Debtors 5 40,958 -
Cash at bank 6 1,128
40,964 1,128
CREDITORS
Amounts falling due within one year 6 39,745 28,223
NET CURRENT ASSETS/(LIABILITIES) 1,219 (27,095 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,868

(25,239

)

PROVISIONS FOR LIABILITIES 126 353
NET ASSETS/(LIABILITIES) 1,742 (25,592 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,642 (25,692 )
SHAREHOLDERS' FUNDS 1,742 (25,592 )

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 director acknowledges his 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 director and authorised for issue on 30 July 2024 and were signed by:




I Mubaiwa - Director


Lyte Signalling Services Ltd (Registered number: 11474702)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Lyte Signalling Services Ltd 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.

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.
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Lyte Signalling Services Ltd (Registered number: 11474702)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 5,770 273 1,810 7,853
Additions 275 - - 275
Disposals (420 ) - (802 ) (1,222 )
At 31 July 2023 5,625 273 1,008 6,906
DEPRECIATION
At 1 August 2022 4,817 122 1,058 5,997
Charge for year 656 38 217 911
Eliminated on disposal (361 ) - (290 ) (651 )
At 31 July 2023 5,112 160 985 6,257
NET BOOK VALUE
At 31 July 2023 513 113 23 649
At 31 July 2022 953 151 752 1,856

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 40,958 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 1,236 60
Taxation and social security 37,173 26,658
Other creditors 1,336 1,505
39,745 28,223

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

Lyte Signalling Services Ltd (Registered number: 11474702)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.7.23 31.7.22
£    £   
I Mubaiwa
Balance outstanding at start of year (243 ) 7,126
Amounts advanced 32,832 -
Amounts repaid - (7,369 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,589 (243 )

9. ULTIMATE CONTROLLING PARTY

During the year ended 31 July 2023, I Mubaiwa, a director, together with members of his close family, controlled the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.