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Registration number: 03799200

Cybertots Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Cybertots Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Cybertots Limited

Company Information

Directors:

J Ozols

P A Bondarenko

M A Ozols

K A Ozols

Registered office:

38 Heathfield Road
London
W3 8EJ

Registered number:

03799200

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Cybertots Limited

(Registration number: 03799200)
Balance Sheet as at 31 December 2023

Note

31.12.23

31.12.22

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

146

 

195

CURRENT ASSETS

   

 

Debtors

5

141,601

 

161,978

 

Cash at bank and in hand

 

8,349

 

51,931

 

 

149,950

 

213,909

 

CREDITORS

   

 

Creditors within 1yr

6

21,433

 

25,712

 

Net current assets

   

128,517

 

188,197

Total assets less current liabilities

   

128,663

 

188,392

Creditors
Amounts falling due after more than one year

6

 

72,012

 

70,969

Net assets

   

56,651

 

117,423

CAPITAL AND RESERVES

   

 

Called up share capital

 

100

 

100

Profit and loss account

 

56,551

 

117,323

Shareholders' funds

   

56,651

 

117,423

For the financial 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 September 2024

.........................................
J Ozols
Director

 

Cybertots Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1.

General information

The company is a private company limited by share capital, incorporated in England and wales.

The address of its registered office is:
38 Heathfield Road
London
W3 8EJ

These financial statements were authorised for issue by the Board on 5 September 2024.

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Cybertots Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

Reducing balance method 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Cybertots Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3.

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2022 - 16).

 

Cybertots Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

4.

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

39,072

39,072

At 31 December 2023

39,072

39,072

Depreciation

At 1 January 2023

38,877

38,877

Charge for the year

49

49

At 31 December 2023

38,926

38,926

Carrying amount

At 31 December 2023

146

146

At 31 December 2022

195

195

5.

Debtors

Current

Note

31.12.23
£

31.12.22
£

Amounts owed by related parties

7

131,124

146,124

Prepayments

 

857

6,234

Other debtors

 

9,620

9,620

   

141,601

161,978

6.

Creditors

Creditors: amounts falling due within one year

31.12.23
£

31.12.22
£

Due within one year

Taxation and social security

687

8,284

Accruals and deferred income

3,600

2,940

Other creditors

17,146

14,488

21,433

25,712

Included in other creditors is £13,420 owed to one of the directors of the company. No interest or repayment terms have been set.

 

Cybertots Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

6

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

31.12.23
£

31.12.22
£

Due after one year

 

Loans and borrowings

8

29,167

38,367

Other non-current financial liabilities

 

42,845

32,602

 

72,012

70,969

7.

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

31.12.23
£

31.12.22
£

Remuneration

51,042

43,019

Loans to related parties

2023

Associates
£

Total
£

At start of period

146,124

146,124

Repaid

(15,000)

(15,000)

At end of period

131,124

131,124

2022

Associates
£

Total
£

At start of period

146,124

146,124

At end of period

146,124

146,124

 

Cybertots Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

8.

Loans and borrowings

31.12.23
£

31.12.22
£

Non-current loans and borrowings

Bank borrowings

29,167

38,367