| Registered Number:08989278 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Lyte Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Lyte Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
91,284
32,169
2
91,284
32,169
173,058
178,131
3
| Trade and other receivables |
183,045
613,052
4
64,383
| Cash and cash equivalents |
467,430
1,258,613
420,486
| Trade and other payables: amounts falling due within one year |
(728,494)
(1,495,051)
5
(308,008)
(236,438)
Net current liabilities
| Total assets less current liabilities |
(145,154)
(275,839)
(22,821)
-
| Provisions for liabilities |
(167,975)
Net liabilities
(275,839)
1
1
(167,976)
(275,840)
(167,975)
(275,839)
Shareholders' funds
| For the year ended 31 December 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 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 proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 26 September 2025 and were signed by: |
| The notes form part of these financial statements |
1 of 4
For the year ended 31 December 2024
Lyte Limited
Notes to the Financial Statements
Statutory Information
| Lyte Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 08989278. |
Unit 3 Norton Road
Broomhall
Worcester
England
WR5 2QR
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
| Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
| The financial statements have been prepared under the historical costs convention. |
| The directors believe the preparation of the accounts on a going concern basis is appropriate. They have confirmed financial |
| support will be provided to enable the company to meet its ongoing financial liabilities. The policy was in effect for the |
| financial year and will remain in effect for a period ending no sooner than 12 months from the date the accounts are approved |
| by the board. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Fixtures and fittings
Foreign currencies
| 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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
2 of 4
For the year ended 31 December 2024
Lyte Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
58,328
9,345
2,656
46,327
77,673
-
-
77,673
124,000
2,656
9,345
136,001
| Provision for depreciation and impairment |
26,159
8,057
1,843
16,259
Charge for year
18,558
644
203
17,711
44,717
8,701
2,046
33,970
90,030
610
644
91,284
30,068
813
1,288
32,169
2023
2024
178,131
173,058
| 4. Trade and other receivables |
2023
2024
589,775
172,919
23,277
10,126
183,045
613,052
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
392,506
250,180
| Amounts owed to group undertaking and undertaking in which the company |
| has a participating interest |
908,260
363,559
| Taxation and social security |
39,199
6,894
155,086
107,861
1,495,051
728,494
3 of 4
For the year ended 31 December 2024
Lyte Limited
Notes to the Financial Statements Continued
| 6. Average number of persons employed |
During the year the average number of employees was 0.
| The principal accounting polices applied in the preparation of the financial statements are set out above. These policies have |
| been consistently applied to all the years presented, unless otherwise stated. No changes have arisen as a result of the |
| transition to Section 1A of Financial Reporting Standard 102. |
4 of 4