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Company No: 14618297 (England and Wales)

BITALUX LTD

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

BITALUX LTD

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

BITALUX LTD

COMPANY INFORMATION

For the financial year ended 31 January 2024
BITALUX LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2024
DIRECTORS Ganna Bilous
Liubomyr Bilous
REGISTERED OFFICE Wey Court West
Union Road
Farnham
GU9 7PT
United Kingdom
COMPANY NUMBER 14618297 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
BITALUX LTD

BALANCE SHEET

As at 31 January 2024
BITALUX LTD

BALANCE SHEET (continued)

As at 31 January 2024
Note 31.01.2024
£
Fixed assets
Intangible assets 4 4,000
Tangible assets 5 2,548
6,548
Current assets
Cash at bank and in hand 6 652
652
Creditors: amounts falling due within one year 7 ( 7,064)
Net current liabilities (6,412)
Total assets less current liabilities 136
Net assets 136
Capital and reserves
Called-up share capital 8 100
Profit and loss account 36
Total shareholders' funds 136

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Bitalux Ltd (registered number: 14618297) were approved and authorised for issue by the Board of Directors on 21 October 2024. They were signed on its behalf by:

Ganna Bilous
Director
BITALUX LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
BITALUX LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.

General information and basis of accounting

Bitalux Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham, GU9 7PT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

31.01.2024
Number
Monthly average number of persons employed by the Company during the year, including directors 2

4. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 February 2023 0 0
Additions 4,000 4,000
At 31 January 2024 4,000 4,000
Accumulated amortisation
At 01 February 2023 0 0
At 31 January 2024 0 0
Net book value
At 31 January 2024 4,000 4,000

The intangible assets are a collection of various crypto currencies.

5. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2023 0 0
Additions 2,780 2,780
At 31 January 2024 2,780 2,780
Accumulated depreciation
At 01 February 2023 0 0
Charge for the financial year 232 232
At 31 January 2024 232 232
Net book value
At 31 January 2024 2,548 2,548

6. Cash and cash equivalents

31.01.2024
£
Cash at bank and in hand 652

7. Creditors: amounts falling due within one year

31.01.2024
£
Amounts owed to directors 5,751
Accruals 1,200
Other taxation and social security 113
7,064

8. Called-up share capital

31.01.2024
£
Allotted, called-up and fully-paid
100 ordinary shares of £ 1.00 each 100