Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 6 December 2021 false 1 January 2023 31 December 2023 31 December 2023 13783055 Mr Guy David Oren iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13783055 2022-12-31 13783055 2023-12-31 13783055 2023-01-01 2023-12-31 13783055 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 13783055 frs-core:OtherResidualIntangibleAssets 2023-12-31 13783055 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 13783055 frs-core:OtherResidualIntangibleAssets 2022-12-31 13783055 frs-core:ShareCapital 2023-12-31 13783055 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13783055 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13783055 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13783055 frs-bus:SmallEntities 2023-01-01 2023-12-31 13783055 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13783055 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13783055 frs-core:CostValuation 2022-12-31 13783055 frs-core:AdditionsToInvestments 2023-12-31 13783055 frs-core:CostValuation 2023-12-31 13783055 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 13783055 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 13783055 frs-bus:Director1 2023-01-01 2023-12-31 13783055 frs-countries:EnglandWales 2023-01-01 2023-12-31 13783055 2021-12-05 13783055 2022-12-31 13783055 2021-12-06 2022-12-31 13783055 frs-core:ShareCapital 2022-12-31 13783055 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13783055
Guytech Group Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
ACTS Global Ltd
3rd Floor, Norvin House
45-55 Commercial Street
London
E1 6BD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13783055
31 December 2023 31 December 2022
as restated
Notes $ $ $ $
FIXED ASSETS
Intangible Assets 4 215,102 -
Investments 5 90,395 1,302
305,497 1,302
CURRENT ASSETS
Cash at bank and in hand 148 148
148 148
Creditors: Amounts Falling Due Within One Year 6 (298,202 ) (6,907 )
NET CURRENT ASSETS (LIABILITIES) (298,054 ) (6,759 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,443 (5,457 )
NET ASSETS/(LIABILITIES) 7,443 (5,457 )
CAPITAL AND RESERVES
Called up share capital 7 1,323 1,323
Profit and Loss Account 6,120 (6,780 )
SHAREHOLDERS' FUNDS 7,443 (5,457)
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Guy David Oren
Director
24th September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Guytech Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13783055 . The registered office is 3rd Floor Norvin House, 45-55 Commercial Street, London, E1 6BD.
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 sale of good, from the rendering of services and from dividends received. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are digital assets USDT and USDC in crypto wallet. 
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Intangible Assets
Other
$
Cost
As at 1 January 2023 -
Additions 215,102
As at 31 December 2023 215,102
Net Book Value
As at 31 December 2023 215,102
As at 1 January 2023 -
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5. Investments
Subsidiaries
$
Cost
As at 1 January 2023 1,302
Additions 89,093
As at 31 December 2023 90,395
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 90,395
As at 1 January 2023 1,302
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
The company holds 100% of the share capital of Meep Limited, purchased at £1.00 each.
On 14th July 2023, the company purchased 1,734,270 units of ROSE tokens amounting to $89,093. The tokens were transferred to Meep Limited as capital contribution.
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
as restated
$ $
Other creditors 298,202 6,907
7. Share Capital
31 December 2023 31 December 2022
as restated
$ $
Allotted, Called up and fully paid 1,323 1,323
Share capital is translated at the historic rate of £1.32. As at 31 December 2022, the balance of unpaid share capital amounting to $1,323 is set off in amounts owed to shareholder.
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