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Company Registration No. 07711439 (England and Wales)
Secondbyte Micros Ltd Unaudited accounts for the year ended 31 August 2024
Secondbyte Micros Ltd Unaudited accounts Contents
Page
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Secondbyte Micros Ltd Company Information for the year ended 31 August 2024
Director
Russell Lucas
Company Number
07711439 (England and Wales)
Registered Office
391 DURNSFORD ROAD DURNSFORD ROAD LONDON SW19 8EE ENGLAND
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Secondbyte Micros Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,752 
14,331 
Current assets
Inventories
6,444 
7,840 
Debtors
76,732 
8,640 
Cash at bank and in hand
53,415 
79,696 
136,591 
96,176 
Creditors: amounts falling due within one year
(75,304)
(61,284)
Net current assets
61,287 
34,892 
Total assets less current liabilities
73,039 
49,223 
Creditors: amounts falling due after more than one year
(43,891)
(46,339)
Net assets
29,148 
2,884 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
29,147 
2,883 
Shareholders' funds
29,148 
2,884 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 August 2025 and were signed on its behalf by
Russell Lucas Director Company Registration No. 07711439
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Secondbyte Micros Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Secondbyte Micros Ltd is a private company, limited by shares, registered in England and Wales, registration number 07711439. The registered office is 391 DURNSFORD ROAD, DURNSFORD ROAD, LONDON, SW19 8EE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% - Reducing Balance
Motor vehicles
18% - Reducing Balance
Fixtures & fittings
18% - Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Secondbyte Micros Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
458 
16,810 
13,095 
30,363 
At 31 August 2024
458 
16,810 
13,095 
30,363 
Depreciation
At 1 September 2023
324 
12,613 
3,095 
16,032 
Charge for the year
24 
755 
1,800 
2,579 
At 31 August 2024
348 
13,368 
4,895 
18,611 
Net book value
At 31 August 2024
110 
3,442 
8,200 
11,752 
At 31 August 2023
134 
4,197 
10,000 
14,331 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
6,444 
7,840 
6,444 
7,840 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
76,732 
8,640 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
23,821 
36,463 
VAT
(1,930)
(1,648)
Trade creditors
31,962 
27,767 
Taxes and social security
16,308 
29,157 
Proposed dividends
- 
(32,500)
Other creditors
857 
- 
Loans from directors
374 
45 
Accruals
3,912 
2,000 
75,304 
61,284 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
43,891 
46,339 
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Secondbyte Micros Ltd Notes to the Accounts for the year ended 31 August 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Russell Lucas
Director loan
46 
328 
- 
374 
46 
328 
- 
374 
11
Transactions with related parties
The company is controlled by Mr. Russell Lucas, the company's Managing Director. It is confirmed that director's current account is debited with personal transactions and credited with remuneration and dividends.
12
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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