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REGISTERED NUMBER: 12337063 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

6 Bit Education Ltd

6 Bit Education Ltd (Registered number: 12337063)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


6 Bit Education Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M Kainth
J P Allen
A N Doyle
M C Jones
Mercia Fund Management(Nominees) Limited





REGISTERED OFFICE: 8 Pendeford Place
Pendeford Business Park
Wobaston Road
Wolverhampton
WV9 5HD





REGISTERED NUMBER: 12337063 (England and Wales)





ACCOUNTANTS: Portfolio Accountants Ltd
9 Shottery Brook Office Park
Timothys Bridge Road
Stratford-Upon-Avon
CV37 9NR

6 Bit Education Ltd (Registered number: 12337063)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,892 25,892
Tangible assets 5 2,450 -
Investments 6 1 1
28,343 25,893

CURRENT ASSETS
Debtors 7 23,014 34,825
Cash at bank 11,115 401,194
34,129 436,019
CREDITORS
Amounts falling due within one year 8 143,295 24,720
NET CURRENT (LIABILITIES)/ASSETS (109,166 ) 411,299
TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,823

)

437,192

CREDITORS
Amounts falling due after more than one
year

9

22,634

31,676
NET (LIABILITIES)/ASSETS (103,457 ) 405,516

CAPITAL AND RESERVES
Called up share capital 10 1,776 1,776
Share premium 964,033 964,033
Retained earnings (1,069,266 ) (560,293 )
SHAREHOLDERS' FUNDS (103,457 ) 405,516

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 directors acknowledge their 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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




M Kainth - Director


6 Bit Education Ltd (Registered number: 12337063)

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

1. STATUTORY INFORMATION

6 Bit Education 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 4 ) .

6 Bit Education Ltd (Registered number: 12337063)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 25,892
NET BOOK VALUE
At 30 November 2023 25,892
At 30 November 2022 25,892

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,361
At 30 November 2023 3,361
DEPRECIATION
Charge for year 911
At 30 November 2023 911
NET BOOK VALUE
At 30 November 2023 2,450

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 1
NET BOOK VALUE
At 30 November 2023 1
At 30 November 2022 1


Details of the investments (including principal place of business of unincorporated entities) in which the company owns 100% of the nominal value of any class of share capital are as follows:



Name of Undertaking


Registered Office
Class of
Share
held

Proportion of voting rights
and shares held
Subsidiary Undertakings 2023 2022


Graide Ltd
Birmingham Research Park,Vincent
Drive, Birmingham,United Kingdom,
B15 2SQ


Ordinary


100%


100%

Graide Limited is a dormant company at 30 November 2023.

6 Bit Education Ltd (Registered number: 12337063)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 9,600 18,000
Amounts owed by group undertakings - 209
Other debtors 13,414 16,616
23,014 34,825

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 13,197 5,754
Taxation and social security 19,500 -
Other creditors 110,598 18,966
143,295 24,720

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Other creditors 22,634 31,676

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
85,000 Ordinary 850.0 0 850 850
16,377 Ordinary A 163.7 7 205 205
72,132 Ordinary B 0.01 721 721
1,776 1,776

11. POST BALANCE SHEET EVENTS

A share allotment of both, Ordinary A shares and C Ordinary shares, took place in December 2023, after the year end, for an aggregated nominal value of £605.92.