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Registered number: 13414225
Bitsplash Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13414225
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,050 10,963
7,050 10,963
CURRENT ASSETS
Debtors 5 1,774 9,822
Cash at bank and in hand 318,156 754,530
319,930 764,352
Creditors: Amounts Falling Due Within One Year 6 (20,581 ) (22,438 )
NET CURRENT ASSETS (LIABILITIES) 299,349 741,914
TOTAL ASSETS LESS CURRENT LIABILITIES 306,399 752,877
NET ASSETS 306,399 752,877
CAPITAL AND RESERVES
Called up share capital 7 1,000,001 1,000,001
Profit and Loss Account (693,602 ) (247,124 )
SHAREHOLDERS' FUNDS 306,399 752,877
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Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Robinson
Director
19/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bitsplash Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13414225 . The registered office is 86-90 Paul Street, London, England, EC2A 4NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 30% straightline
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 13,041
As at 31 May 2024 13,041
Depreciation
As at 1 June 2023 2,078
Provided during the period 3,913
As at 31 May 2024 5,991
Net Book Value
As at 31 May 2024 7,050
As at 1 June 2023 10,963
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 38 38
Other debtors 1,736 9,784
1,774 9,822
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 319 2,321
Other taxes and social security 5,107 4,979
Other creditors 15,155 15,138
20,581 22,438
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000,001 1,000,001
During the prior year there was an investment of £1,000,000 into the business which will be formally converted to share capital once certain criteria are met.   For disclosure purposes this is shown as an issue of shares in the accounts as it will be converted to equity.
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