Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity33truetruefalse 06305660 2023-04-01 2024-03-31 06305660 2022-04-01 2023-03-31 06305660 2024-03-31 06305660 2023-03-31 06305660 c:Director1 2023-04-01 2024-03-31 06305660 c:Director2 2023-04-01 2024-03-31 06305660 c:Director3 2023-04-01 2024-03-31 06305660 c:RegisteredOffice 2023-04-01 2024-03-31 06305660 d:FurnitureFittings 2023-04-01 2024-03-31 06305660 d:FurnitureFittings 2024-03-31 06305660 d:FurnitureFittings 2023-03-31 06305660 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06305660 d:OfficeEquipment 2023-04-01 2024-03-31 06305660 d:CurrentFinancialInstruments 2024-03-31 06305660 d:CurrentFinancialInstruments 2023-03-31 06305660 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06305660 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06305660 d:ShareCapital 2024-03-31 06305660 d:ShareCapital 2023-03-31 06305660 d:RetainedEarningsAccumulatedLosses 2024-03-31 06305660 d:RetainedEarningsAccumulatedLosses 2023-03-31 06305660 c:FRS102 2023-04-01 2024-03-31 06305660 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06305660 c:FullAccounts 2023-04-01 2024-03-31 06305660 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06305660 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 06305660







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


73BIT LIMITED






































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73BIT LIMITED
 


 
COMPANY INFORMATION


Directors
G.V. Shah 
V.C. Shetty 
C. M. Da Costa 




Registered number
06305660



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


73BIT LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 4

 


73BIT LIMITED
REGISTERED NUMBER:06305660



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
62
88

  
62
88

Current assets
  

Debtors: amounts falling due within one year
 5 
64,425
112,688

Cash at bank and in hand
  
654,561
342,018

  
718,986
454,706

Creditors: amounts falling due within one year
 6 
(144,592)
(83,052)

Net current assets
  
 
 
574,394
 
 
371,654

Total assets less current liabilities
  
574,456
371,742

  

Net assets
  
574,456
371,742


Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
574,356
371,642

  
574,456
371,742


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

G.V. Shah
Director

Date: 21 November 2024

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 


73BIT LIMITED
 


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

1.


General information

73Bit Limited is a private Company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the Company information page. There is no principal place of business.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue is generated from the provision of benchmarking software services and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Reducing balance
Equipment
-
33%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 2

 


73BIT LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
7,492



At 31 March 2024

7,492



Depreciation


At 1 April 2023
7,404


Charge for the year on owned assets
26



At 31 March 2024

7,430



Net book value



At 31 March 2024
62



At 31 March 2023
88

Page 3

 


73BIT LIMITED
 


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

5.


Debtors

2024
2023
£
£


Trade debtors
62,812
110,895

Prepayments and accrued income
1,613
1,793

64,425
112,688



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
91,314
69,319

Other taxation and social security
40,880
1,227

Other creditors
338
242

Accruals and deferred income
12,060
12,264

144,592
83,052



7.


Related party transactions

Included within other creditors are the following transactions with the directors. 


2024
2023
£
£

Balance outstanding at start of year
(242)
(238)
Amounts advanced
1,104
996
Amounts repaid
(1,200)
(1,000)
(338)
(242)

No interest has been charged on this loan. The loan is repayable on demand. 

 
Page 4