Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06078094 Mr Brent Campbell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06078094 2023-03-31 06078094 2024-03-31 06078094 2023-04-01 2024-03-31 06078094 frs-core:CurrentFinancialInstruments 2024-03-31 06078094 frs-core:ComputerEquipment 2024-03-31 06078094 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06078094 frs-core:ComputerEquipment 2023-03-31 06078094 frs-core:ShareCapital 2024-03-31 06078094 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06078094 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06078094 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06078094 frs-bus:SmallEntities 2023-04-01 2024-03-31 06078094 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06078094 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06078094 frs-bus:Director1 2023-04-01 2024-03-31 06078094 frs-countries:EnglandWales 2023-04-01 2024-03-31 06078094 2022-03-31 06078094 2023-03-31 06078094 2022-04-01 2023-03-31 06078094 frs-core:CurrentFinancialInstruments 2023-03-31 06078094 frs-core:ShareCapital 2023-03-31 06078094 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06078094
Bytes Ahead Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06078094
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 881 -
881 -
CURRENT ASSETS
Debtors 5 2,020 2,020
Cash at bank and in hand 1,228 413
3,248 2,433
Creditors: Amounts Falling Due Within One Year 6 (9,000 ) (11,559 )
NET CURRENT ASSETS (LIABILITIES) (5,752 ) (9,126 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,871 ) (9,126 )
NET LIABILITIES (4,871 ) (9,126 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (4,872 ) (9,127 )
SHAREHOLDERS' FUNDS (4,871) (9,126)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Brent Campbell
Director
22 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bytes Ahead Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06078094 . The registered office is Lytchett House 13 Freeland Park, Wareham Road, Poole, BH16 6FA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33.3% straight line
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 5,390
Additions 1,321
As at 31 March 2024 6,711
Depreciation
As at 1 April 2023 5,390
Provided during the period 440
As at 31 March 2024 5,830
Net Book Value
As at 31 March 2024 881
As at 1 April 2023 -
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,020 2,020
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 1 -
Corporation tax 789 -
Accruals and deferred income 480 372
Director's loan account 7,730 11,187
9,000 11,559
In September 2020 the company took out a Covid Bounce Back Loan for £14,250 with a repayment and interest holiday of one year followed by a five year repayment schedule at 2.5% interest. In October the company started repaying in instalments and in November 2021 it repaidan additional £10,000. At the end of the financial year it owed £2,825 which will be repaid in full by March 2023.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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