1 February 2023 v2024.53.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP089612162023-02-012024-01-31089612162024-01-31089612162023-01-3108961216core:WithinOneYear2024-01-3108961216core:WithinOneYear2023-01-3108961216core:ShareCapital2024-01-3108961216core:ShareCapital2023-01-3108961216core:RetainedEarningsAccumulatedLosses2024-01-3108961216core:RetainedEarningsAccumulatedLosses2023-01-3108961216bus:Director12023-02-012024-01-3108961216bus:RegisteredOffice2023-02-012024-01-310896121612023-02-012024-01-31089612162022-02-012023-01-3108961216countries:EnglandWales2023-02-012024-01-3108961216bus:AuditExemptWithAccountantsReport2023-02-012024-01-3108961216bus:PrivateLimitedCompanyLtd2023-02-012024-01-3108961216bus:SmallEntities2023-02-012024-01-3108961216bus:AbridgedAccounts2023-02-012024-01-31
Company registration number:
08961216
Stealthbits Technologies Ltd
Unaudited Filleted Abridged Financial Statements for the year ended
31 January 2024
Stealthbits Technologies Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Stealthbits Technologies Ltd
Year ended
31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
abridged financial statements
of
Stealthbits Technologies Ltd
for the year ended
31 January 2024
which comprise the abridged income statement, abridged statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com/​.
This report is made solely to the Board of Directors of
Stealthbits Technologies Ltd
, as a body, in accordance with the terms of our engagement letter dated 29 March 2014. Our work has been undertaken solely to prepare for your approval the
abridged financial statements
of
Stealthbits Technologies Ltd
and state those matters that we have agreed to state to the Board of Directors of
Stealthbits Technologies Ltd
, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com/​. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Stealthbits Technologies Ltd
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Stealthbits Technologies Ltd
has kept adequate accounting records and to prepare statutory
abridged financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
Stealthbits Technologies Ltd
. You consider that
Stealthbits Technologies Ltd
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the abridged financial statements of Stealthbits Technologies Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.
Switch Accounting
Enterprise House
Ocean Way
Southampton
Hampshire
SO14 3XB
United Kingdom
Date:
22 September 2024
Stealthbits Technologies Ltd
Abridged Statement of Financial Position
31 January 2024
20242023
££
Current assets    
Cash at bank and in hand
198,218
 
198,274
 
Creditors: amounts falling due within one year
(11,675
)
(11,675
)
Net current assets
186,543
 
186,599
 
Total assets less current liabilities 186,543   186,599  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
186,443
 
186,499
 
Shareholders funds
186,543
 
186,599
 
For the 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 members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 January 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
23 September 2024
, and are signed on behalf of the board by:
J Yavil
Director
Company registration number:
08961216
Stealthbits Technologies Ltd
Notes to the Abridged Financial Statements
Year ended
31 January 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
5 New Street Square
,
Canute Road
,
London
,
Hampshire
,
EC4A 3TW
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

6 Controlling party

The company is a subsidiary of Stealthbits Technologies Inc which is the intermediate parent company, incorporated in the United statements of America. The ultimate controlling company is Netwrix Corporation.