REGISTERED NUMBER: 13806582 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

BYTE SHARK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J S Gill

REGISTERED OFFICE:

5 Sheppard Drive

Oadby

Leicestershire

LE2 2GP

REGISTERED NUMBER:

13806582 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Certified Accountants

471 Green Lane

Coventry

West Midlands

CV3 6EL

FIXED ASSETS

Tangible assets

4

15,967

5,788

CURRENT ASSETS

Debtors

5

85,001

-

Cash at bank

44,078

121,661

129,079

121,661

CREDITORS

Amounts falling due within one year

6

39,362

85,733

NET CURRENT ASSETS

89,717

35,928

TOTAL ASSETS LESS CURRENT LIABILITIES

105,684

41,716

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

105,584

41,616

SHAREHOLDERS' FUNDS

105,684

41,716

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

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

The director acknowledges his 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 director and authorised for issue on 21 March 2025 and were signed by:

J S Gill - Director

1.	STATUTORY INFORMATION

BYTE SHARK LTD 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.

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.

Fixtures, fittings & equipment

-

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.

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 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

& equipment

£

COST

At 1 January 2024

9,253

Additions

15,501

At 31 December 2024

24,754

DEPRECIATION

At 1 January 2024

3,465

Charge for year

5,322

At 31 December 2024

8,787

NET BOOK VALUE

At 31 December 2024

15,967

At 31 December 2023

5,788

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

85,001

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1

-

Taxation and social security

28,632

31,319

Other creditors

10,729

54,414

39,362

85,733

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 January 2024

41,616

Profit for the year

72,968

Dividends

(9,000

)

At 31 December 2024

105,584