IRIS Accounts Production v24.3.2.46 09763130 Board of Directors 1.1.22 31.12.22 31.12.22 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097631302021-12-31097631302022-12-31097631302022-01-012022-12-31097631302020-12-31097631302021-01-012021-12-31097631302021-12-3109763130ns15:EnglandWales2022-01-012022-12-3109763130ns14:PoundSterling2022-01-012022-12-3109763130ns10:Director12022-01-012022-12-3109763130ns10:PrivateLimitedCompanyLtd2022-01-012022-12-3109763130ns10:SmallEntities2022-01-012022-12-3109763130ns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3109763130ns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3109763130ns10:SmallCompaniesRegimeForAccounts2022-01-012022-12-3109763130ns10:FullAccounts2022-01-012022-12-3109763130ns10:Director22022-01-012022-12-3109763130ns10:RegisteredOffice2022-01-012022-12-3109763130ns5:CurrentFinancialInstruments2022-12-3109763130ns5:CurrentFinancialInstruments2021-12-3109763130ns5:ShareCapital2022-12-3109763130ns5:ShareCapital2021-12-3109763130ns5:RetainedEarningsAccumulatedLosses2022-12-3109763130ns5:RetainedEarningsAccumulatedLosses2021-12-3109763130ns5:MotorVehicles2022-01-012022-12-3109763130ns5:MotorVehicles2021-12-3109763130ns5:MotorVehicles2022-12-3109763130ns5:MotorVehicles2021-12-31
REGISTERED NUMBER: 09763130 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

VYTECH LIMITED

VYTECH LIMITED (REGISTERED NUMBER: 09763130)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VYTECH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: M Z B Muda
A N M B Mohd Zamri





REGISTERED OFFICE: 6 Hunting Gate
Hitchin
Herts
SG4 0TJ





REGISTERED NUMBER: 09763130 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

VYTECH LIMITED (REGISTERED NUMBER: 09763130)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,034 1,378

CURRENT ASSETS
Debtors 5 255,004 93,051
Cash at bank 8,654 111
263,658 93,162
CREDITORS
Amounts falling due within one year 6 388,610 237,682
NET CURRENT LIABILITIES (124,952 ) (144,520 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(123,918

)

(143,142

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (123,919 ) (143,143 )
(123,918 ) (143,142 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

VYTECH LIMITED (REGISTERED NUMBER: 09763130)

BALANCE SHEET - continued
31 DECEMBER 2022


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 21 March 2025 and were signed on its behalf by:





A N M B Mohd Zamri - Director


VYTECH LIMITED (REGISTERED NUMBER: 09763130)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Vytech 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.

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.

The financial statements have been prepared on the going concern basis which assumes that the Company will continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. The Company incurred a net profit of £19,224 during the year ended 31 December 2022 and, at that date, the Company's total liabilities exceeded its total assets by £123,918 and it has net current liabilities of £124,952.

These conditions indicate that financial support from the ultimate owner, Mohd Muda, is required to enable the Company to continue trading. It has been confirmed that continued support for the Company will be provided for a period of at least 12 months from the approval of these financial statements through Zetro Services Sdn Bhd a Malaysian entity owned and controlled by Mohd Muda.

The Directors are of the opinion that with the continued support of their ultimate owner and controlling party, the Company can meet its liabilities as they fall due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

VYTECH LIMITED (REGISTERED NUMBER: 09763130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 January 2022
and 31 December 2022 2,450
DEPRECIATION
At 1 January 2022 1,072
Charge for year 344
At 31 December 2022 1,416
NET BOOK VALUE
At 31 December 2022 1,034
At 31 December 2021 1,378

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Amounts owed by participating interests 255,004 93,051

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Amounts owed to participating interests 383,890 234,082
Other creditors 4,720 3,600
388,610 237,682