Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 03472962 Mr M P Emmerson Miss S C Rhodes Miss S C Rhodes Cytra Holding Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03472962 2023-02-28 03472962 2024-02-28 03472962 2023-03-01 2024-02-28 03472962 frs-core:CurrentFinancialInstruments 2024-02-28 03472962 frs-core:Non-currentFinancialInstruments 2024-02-28 03472962 frs-core:BetweenOneFiveYears 2024-02-28 03472962 frs-core:ComputerEquipment 2024-02-28 03472962 frs-core:ComputerEquipment 2023-03-01 2024-02-28 03472962 frs-core:ComputerEquipment 2023-02-28 03472962 frs-core:FurnitureFittings 2024-02-28 03472962 frs-core:FurnitureFittings 2023-03-01 2024-02-28 03472962 frs-core:FurnitureFittings 2023-02-28 03472962 frs-core:MotorVehicles 2024-02-28 03472962 frs-core:MotorVehicles 2023-03-01 2024-02-28 03472962 frs-core:MotorVehicles 2023-02-28 03472962 frs-core:PlantMachinery 2024-02-28 03472962 frs-core:PlantMachinery 2023-03-01 2024-02-28 03472962 frs-core:PlantMachinery 2023-02-28 03472962 frs-core:WithinOneYear 2024-02-28 03472962 frs-core:CapitalRedemptionReserve 2024-02-28 03472962 frs-core:ShareCapital 2024-02-28 03472962 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 03472962 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 03472962 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 03472962 frs-bus:SmallEntities 2023-03-01 2024-02-28 03472962 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 03472962 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 03472962 1 2023-03-01 2024-02-28 03472962 frs-core:ListedExchangeTraded 2024-02-28 03472962 frs-core:ListedExchangeTraded 2023-02-28 03472962 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-02-28 03472962 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-02-28 03472962 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-02-28 03472962 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-02-28 03472962 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-02-28 03472962 frs-bus:Director1 2023-03-01 2024-02-28 03472962 frs-bus:Director2 2023-03-01 2024-02-28 03472962 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 03472962 frs-countries:EnglandWales 2023-03-01 2024-02-28 03472962 2022-02-28 03472962 2023-02-28 03472962 2022-03-01 2023-02-28 03472962 frs-core:CurrentFinancialInstruments 2023-02-28 03472962 frs-core:Non-currentFinancialInstruments 2023-02-28 03472962 frs-core:BetweenOneFiveYears 2023-02-28 03472962 frs-core:WithinOneYear 2023-02-28 03472962 frs-core:CapitalRedemptionReserve 2023-02-28 03472962 frs-core:ShareCapital 2023-02-28 03472962 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 03472962
Cytra Limited
Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03472962
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 159,697 128,829
Investments 5 276,620 250,565
436,317 379,394
CURRENT ASSETS
Debtors 6 562,963 1,132,433
Investments 7 833,841 420,522
Cash at bank and in hand 145,060 146,261
1,541,864 1,699,216
Creditors: Amounts Falling Due Within One Year 8 (401,185 ) (496,954 )
NET CURRENT ASSETS (LIABILITIES) 1,140,679 1,202,262
TOTAL ASSETS LESS CURRENT LIABILITIES 1,576,996 1,581,656
Creditors: Amounts Falling Due After More Than One Year 9 (1,519 ) (9,718 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (39,924 ) (32,208 )
NET ASSETS 1,535,553 1,539,730
CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Capital redemption reserve 10,000 10,000
Profit and Loss Account 1,515,553 1,519,730
SHAREHOLDERS' FUNDS 1,535,553 1,539,730
Page 1
Page 2
For the year ending 28 February 2024 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 M P Emmerson
Director
Miss S C Rhodes
Director
3 October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cytra Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03472962 . The registered office is 17 Granary Wharf Business Park, Wetmore Road, Burton On Trent, Staffordshire, DE14 1DU.
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. 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 goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 10% Reducing balance
Computer Equipment 33% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 16)
12 16
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 37,006 196,095 7,093 14,513 254,707
Additions 865 79,226 - 1,358 81,449
Disposals - (26,788 ) - - (26,788 )
As at 28 February 2024 37,871 248,533 7,093 15,871 309,368
Depreciation
As at 1 March 2023 22,844 87,426 5,142 10,466 125,878
Provided during the period 1,431 32,101 195 1,786 35,513
Disposals - (11,720 ) - - (11,720 )
As at 28 February 2024 24,275 107,807 5,337 12,252 149,671
Net Book Value
As at 28 February 2024 13,596 140,726 1,756 3,619 159,697
As at 1 March 2023 14,162 108,669 1,951 4,047 128,829
5. Investments
Listed
£
Cost
As at 1 March 2023 250,565
Revaluations 26,055
As at 28 February 2024 276,620
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 276,620
As at 1 March 2023 250,565
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 480,054 650,160
Due after more than one year
Amounts owed by group undertakings 82,909 482,273
562,963 1,132,433
Page 4
Page 5
7. Current Asset Investments
2024 2023
£ £
Short term deposits 833,841 420,522
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,645 7,849
Trade creditors 126,371 226,846
Corporation tax 176,350 139,211
Other taxes and social security 86,078 114,687
Other creditors 8,001 3,533
Accruals and deferred income 740 4,828
401,185 496,954
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,519 9,718
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,645 7,849
Later than one year and not later than five years 1,519 9,718
5,164 17,567
5,164 17,567
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 23,125 23,125
Later than one year and not later than five years 53,958 77,083
77,083 100,208
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13. Related Party Transactions
During the year, Cytra Limited paid dividends to the parent company, Cytra Holdings Ltd amounting to £595,240 (2023: £577,240). 
At the balance sheet date, the company was owed £82,909 (2023: £482,273) from the parent company.
14. Ultimate Controlling Party
The company's ultimate controlling party is Cytra Holding Ltd by virtue of their ownership of 100% of the issued share capital in the company.
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