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REGISTERED NUMBER: 04646264 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2024

for

First Byte Graphics Limited

First Byte Graphics Limited (Registered number: 04646264)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


First Byte Graphics Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C N Green





SECRETARY: Mrs S A Green





REGISTERED OFFICE: 24 Pelican Road
Pamber Heath
Tadley
Hampshire
RG26 3EN





REGISTERED NUMBER: 04646264 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

First Byte Graphics Limited (Registered number: 04646264)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,983 2,411

CURRENT ASSETS
Debtors 5 36,412 52,807
Cash at bank 36,483 52,840
72,895 105,647
CREDITORS
Amounts falling due within one year 6 26,144 33,711
NET CURRENT ASSETS 46,751 71,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,734

74,347

PROVISIONS FOR LIABILITIES 7 834 458
NET ASSETS 49,900 73,889

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 49,898 73,887
SHAREHOLDERS' FUNDS 49,900 73,889

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

First Byte Graphics Limited (Registered number: 04646264)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2024 and were signed by:





C N Green - Director


First Byte Graphics Limited (Registered number: 04646264)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

First Byte Graphics Limited 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 - 33% on cost
Fixtures and fittings - 33% on cost

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

First Byte Graphics Limited (Registered number: 04646264)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 2,074 3,851 5,925
Additions - 4,284 4,284
Disposals - (468 ) (468 )
At 31 March 2024 2,074 7,667 9,741
DEPRECIATION
At 1 April 2023 2,074 1,440 3,514
Charge for year - 2,712 2,712
Eliminated on disposal - (468 ) (468 )
At 31 March 2024 2,074 3,684 5,758
NET BOOK VALUE
At 31 March 2024 - 3,983 3,983
At 31 March 2023 - 2,411 2,411

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 36,412 52,807

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 24,444 32,136
Other creditors 1,700 1,575
26,144 33,711

First Byte Graphics Limited (Registered number: 04646264)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 834 458

Deferred
tax
£   
Balance at 1 April 2023 458
Accelerated capital allowances 376
Balance at 31 March 2024 834

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2