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REGISTERED NUMBER: 09671936 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Gigabyte Software Limited

Gigabyte Software Limited (Registered number: 09671936)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gigabyte Software Limited

Company Information
for the year ended 31 July 2024







DIRECTORS: R Corley
A C Roberts





REGISTERED OFFICE: Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY





REGISTERED NUMBER: 09671936 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY

Gigabyte Software Limited (Registered number: 09671936)

Balance Sheet
31 July 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 2,264 28
Investments 5 380 380
2,644 408

CURRENT ASSETS
Debtors 6 28,546 31,138
Cash at bank 41,699 32,175
70,245 63,313
CREDITORS
Amounts falling due within one year 7 (56,379 ) (21,710 )
NET CURRENT ASSETS 13,866 41,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,510

42,011

CREDITORS
Amounts falling due after more than one year 8 (28,704 ) (34,259 )
NET (LIABILITIES)/ASSETS (12,194 ) 7,752

CAPITAL AND RESERVES
Called up share capital 938 938
Share premium 203,406 203,406
Retained earnings (216,538 ) (196,592 )
SHAREHOLDERS' FUNDS (12,194 ) 7,752

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





R Corley - Director


Gigabyte Software Limited (Registered number: 09671936)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Gigabyte Software 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Gigabyte Software Limited (Registered number: 09671936)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 1 August 2023 895 12,034 12,929
Additions - 2,547 2,547
At 31 July 2024 895 14,581 15,476
DEPRECIATION
At 1 August 2023 895 12,006 12,901
Charge for year - 311 311
At 31 July 2024 895 12,317 13,212
NET BOOK VALUE
At 31 July 2024 - 2,264 2,264
At 31 July 2023 - 28 28

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 August 2023
and 31 July 2024 380
NET BOOK VALUE
At 31 July 2024 380
At 31 July 2023 380

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 25,068 8,737
Other debtors 3,478 22,401
28,546 31,138

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 5,556 5,556
Trade creditors 901 796
Taxation and social security 27,356 13,358
Other creditors 22,566 2,000
56,379 21,710

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 28,704 34,259

Gigabyte Software Limited (Registered number: 09671936)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£ £
R Corley
Balance outstanding at start of year 15,369 15,369
Amounts advanced 16,551 -
Amounts repaid (31,608 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 312 15,369

10. RELATED PARTY DISCLOSURES

Included in other debtors is £312 owed by Mr R Corley (2023 : £15,369), a director of the company. This loan is interest free and was repaid in full in September 2024.