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REGISTERED NUMBER: 09325693 (England and Wales)














Financial Statements for the Year Ended 30 November 2023

for

Bytegeist Limited

Bytegeist Limited (Registered number: 09325693)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Bytegeist Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr K Gulrajani





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 09325693 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Bytegeist Limited (Registered number: 09325693)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,837 2,910

CURRENT ASSETS
Debtors 5 438 33
Investments 6 72,080 48,516
Cash at bank 7,562 13,798
80,080 62,347
CREDITORS
Amounts falling due within one year 7 3,366 1,232
NET CURRENT ASSETS 76,714 61,115
TOTAL ASSETS LESS CURRENT LIABILITIES 80,551 64,025

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 8 11,812 (11,753 )
Retained earnings 68,729 75,768
SHAREHOLDERS' FUNDS 80,551 64,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 1 August 2024 and were signed by:



Mr K Gulrajani - Director


Bytegeist Limited (Registered number: 09325693)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Bytegeist Limited 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.

Changes in accounting estimates
During the year, the company changed its depreciation policy estimates for computer equipment from 33% on cost basis to 25% on a reducing balance basis.

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.
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Bytegeist Limited (Registered number: 09325693)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022 9,370
Additions 2,206
At 30 November 2023 11,576
DEPRECIATION
At 1 December 2022 6,460
Charge for year 1,279
At 30 November 2023 7,739
NET BOOK VALUE
At 30 November 2023 3,837
At 30 November 2022 2,910

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 438 33

6. CURRENT ASSET INVESTMENTS
30.11.23 30.11.22
£    £   
Other investments 72,080 48,516

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 2,282 767
Other creditors 1,084 465
3,366 1,232

8. RESERVES
Revaluation
reserve
£   
At 1 December 2022 (11,753 )
Bitcoin valuation 23,565

At 30 November 2023 11,812

Bytegeist Limited (Registered number: 09325693)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. RELATED PARTY DISCLOSURES

The director, Mr K Gulrajani, is considered to be key management personnel.