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REGISTERED NUMBER: 11255743 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

2 BIT NETWORKING LTD

2 BIT NETWORKING LTD (REGISTERED NUMBER: 11255743)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

2 BIT NETWORKING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: D J Morris





REGISTERED OFFICE: 71-75 Shelton Street
London
Greater London
WC2H 9JQ





REGISTERED NUMBER: 11255743 (England and Wales)





ACCOUNTANTS: Goff and Company Chartered Accountants
89 Havant Road
Emsworth
Hampshire
PO10 7LF

2 BIT NETWORKING LTD (REGISTERED NUMBER: 11255743)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 20,579 26,846

CURRENT ASSETS
Debtors 5 - 15,691
Cash at bank 86,575 61,733
86,575 77,424
CREDITORS
Amounts falling due within one year 6 73,203 73,625
NET CURRENT ASSETS 13,372 3,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,951

30,645

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 33,851 30,545
SHAREHOLDERS' FUNDS 33,951 30,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 1st October 2024 and were signed by:



D J Morris - Director


2 BIT NETWORKING LTD (REGISTERED NUMBER: 11255743)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

2 Bit Networking 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

2 BIT NETWORKING LTD (REGISTERED NUMBER: 11255743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1st April 2023 36,556
Additions 593
At 31st March 2024 37,149
DEPRECIATION
At 1st April 2023 9,710
Charge for year 6,860
At 31st March 2024 16,570
NET BOOK VALUE
At 31st March 2024 20,579
At 31st March 2023 26,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 13,800
Other debtors - 1,891
- 15,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 1,053 263
Taxation and social security 18,917 5,012
Other creditors 53,233 68,350
73,203 73,625

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J Morris.

2 BIT NETWORKING LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
2 BIT NETWORKING LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2024 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Goff and Company Chartered Accountants
89 Havant Road
Emsworth
Hampshire
PO10 7LF


1st October 2024