2023-06-012024-05-312024-05-31false10794238LIGHT BYTES TECHNOLOGY LTD.2025-01-0862020falseiso4217:GBPxbrli:pure107942382023-06-01107942382024-05-31107942382023-06-012024-05-31107942382022-06-01107942382023-05-31107942382022-06-012023-05-3110794238bus:SmallEntities2023-06-012024-05-3110794238bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3110794238bus:FullAccounts2023-06-012024-05-3110794238bus:PrivateLimitedCompanyLtd2023-06-012024-05-3110794238core:WithinOneYear2024-05-3110794238core:AfterOneYear2024-05-3110794238core:WithinOneYear2023-05-3110794238core:AfterOneYear2023-05-3110794238core:ShareCapital2024-05-3110794238core:SharePremium2024-05-3110794238core:RevaluationReserve2024-05-3110794238core:OtherReservesSubtotal2024-05-3110794238core:RetainedEarningsAccumulatedLosses2024-05-3110794238core:ShareCapital2023-05-3110794238core:SharePremium2023-05-3110794238core:RevaluationReserve2023-05-3110794238core:OtherReservesSubtotal2023-05-3110794238core:RetainedEarningsAccumulatedLosses2023-05-3110794238core:LandBuildings2024-05-3110794238core:PlantMachinery2024-05-3110794238core:Vehicles2024-05-3110794238core:FurnitureFittings2024-05-3110794238core:OfficeEquipment2024-05-3110794238core:NetGoodwill2024-05-3110794238core:IntangibleAssetsOtherThanGoodwill2024-05-3110794238core:ListedExchangeTraded2024-05-3110794238core:UnlistedNon-exchangeTraded2024-05-3110794238core:LandBuildings2023-05-3110794238core:PlantMachinery2023-05-3110794238core:Vehicles2023-05-3110794238core:FurnitureFittings2023-05-3110794238core:OfficeEquipment2023-05-3110794238core:NetGoodwill2023-05-3110794238core:IntangibleAssetsOtherThanGoodwill2023-05-3110794238core:ListedExchangeTraded2023-05-3110794238core:UnlistedNon-exchangeTraded2023-05-3110794238core:LandBuildings2023-06-012024-05-3110794238core:PlantMachinery2023-06-012024-05-3110794238core:Vehicles2023-06-012024-05-3110794238core:FurnitureFittings2023-06-012024-05-3110794238core:OfficeEquipment2023-06-012024-05-3110794238core:NetGoodwill2023-06-012024-05-3110794238core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3110794238core:ListedExchangeTraded2023-06-012024-05-3110794238core:UnlistedNon-exchangeTraded2023-06-012024-05-3110794238core:MoreThanFiveYears2023-06-012024-05-3110794238core:Non-currentFinancialInstruments2024-05-3110794238core:Non-currentFinancialInstruments2023-05-3110794238dpl:CostSales2023-06-012024-05-3110794238dpl:DistributionCosts2023-06-012024-05-3110794238core:LandBuildings2023-06-012024-05-3110794238core:PlantMachinery2023-06-012024-05-3110794238core:Vehicles2023-06-012024-05-3110794238core:FurnitureFittings2023-06-012024-05-3110794238core:OfficeEquipment2023-06-012024-05-3110794238dpl:AdministrativeExpenses2023-06-012024-05-3110794238core:NetGoodwill2023-06-012024-05-3110794238core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3110794238dpl:GroupUndertakings2023-06-012024-05-3110794238dpl:ParticipatingInterests2023-06-012024-05-3110794238dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3110794238core:ListedExchangeTraded2023-06-012024-05-3110794238dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3110794238core:UnlistedNon-exchangeTraded2023-06-012024-05-3110794238dpl:CostSales2022-06-012023-05-3110794238dpl:DistributionCosts2022-06-012023-05-3110794238core:LandBuildings2022-06-012023-05-3110794238core:PlantMachinery2022-06-012023-05-3110794238core:Vehicles2022-06-012023-05-3110794238core:FurnitureFittings2022-06-012023-05-3110794238core:OfficeEquipment2022-06-012023-05-3110794238dpl:AdministrativeExpenses2022-06-012023-05-3110794238core:NetGoodwill2022-06-012023-05-3110794238core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3110794238dpl:GroupUndertakings2022-06-012023-05-3110794238dpl:ParticipatingInterests2022-06-012023-05-3110794238dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3110794238core:ListedExchangeTraded2022-06-012023-05-3110794238dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3110794238core:UnlistedNon-exchangeTraded2022-06-012023-05-3110794238core:NetGoodwill2024-05-3110794238core:IntangibleAssetsOtherThanGoodwill2024-05-3110794238core:LandBuildings2024-05-3110794238core:PlantMachinery2024-05-3110794238core:Vehicles2024-05-3110794238core:FurnitureFittings2024-05-3110794238core:OfficeEquipment2024-05-3110794238core:AfterOneYear2024-05-3110794238core:WithinOneYear2024-05-3110794238core:ListedExchangeTraded2024-05-3110794238core:UnlistedNon-exchangeTraded2024-05-3110794238core:ShareCapital2024-05-3110794238core:SharePremium2024-05-3110794238core:RevaluationReserve2024-05-3110794238core:OtherReservesSubtotal2024-05-3110794238core:RetainedEarningsAccumulatedLosses2024-05-3110794238core:NetGoodwill2023-05-3110794238core:IntangibleAssetsOtherThanGoodwill2023-05-3110794238core:LandBuildings2023-05-3110794238core:PlantMachinery2023-05-3110794238core:Vehicles2023-05-3110794238core:FurnitureFittings2023-05-3110794238core:OfficeEquipment2023-05-3110794238core:AfterOneYear2023-05-3110794238core:WithinOneYear2023-05-3110794238core:Lis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LIGHT BYTES TECHNOLOGY LTD.

Registered Number
10794238
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

LIGHT BYTES TECHNOLOGY LTD.
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

DEACON, Liam Matthew, Dr

Registered Address

Bayside Business Centre Unit 1 Sovereign Business Park
48 Willis Way
Poole
BH15 3TB

Registered Number

10794238 (England and Wales)
LIGHT BYTES TECHNOLOGY LTD.
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets37405
7405
Current assets
Debtors451648
Cash at bank and on hand41,11456,814
41,56557,462
Creditors amounts falling due within one year4(4,273)(11,972)
Net current assets (liabilities)37,29245,490
Total assets less current liabilities37,29945,895
Provisions for liabilities5-(77)
Net assets37,29945,818
Capital and reserves
Called up share capital495495
Profit and loss account36,80445,323
Shareholders' funds37,29945,818
The financial statements were approved and authorised for issue by the Director on 8 January 2025, and are signed on its behalf by:
DEACON, Liam Matthew, Dr
Director
Registered Company No. 10794238
LIGHT BYTES TECHNOLOGY LTD.
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment5
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 June 235,9825,982
At 31 May 245,9825,982
Depreciation and impairment
At 01 June 235,5775,577
Charge for year398398
At 31 May 245,9755,975
Net book value
At 31 May 2477
At 31 May 23405405
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts2,0006,759
Other creditors1,7734,713
Accrued liabilities and deferred income500500
Total4,27311,972
5.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)-77
Total-77