REGISTERED NUMBER: 11576946 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 December 2024

for

UNYTE CAPITAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J O Bartley

REGISTERED OFFICE:

Harborough Innovation Centre

Airfield Business Park

Market Harborough

LE16 7WB

REGISTERED NUMBER:

11576946 (England and Wales)

ACCOUNTANTS:

TC Group

31 High View Close

Hamilton Office Park

Leicester

Leicestershire

LE4 9LJ

FIXED ASSETS

Tangible assets

4

19,520

20,438

Investments

5

9,415

9,415

28,935

29,853

CURRENT ASSETS

Debtors

6

289,648

393,720

Cash at bank

13,953

8,036

303,601

401,756

CREDITORS

Amounts falling due within one year

7

1,230,657

817,598

NET CURRENT LIABILITIES

(927,056

)

(415,842

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(898,121

)

(385,989

)

CREDITORS

Amounts falling due after more than one year

8

5,393

16,347

NET LIABILITIES

(903,514

)

(402,336

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(904,514

)

(403,336

)

(903,514

)

(402,336

)

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 26 September 2025 and were signed by:

J O Bartley - Director

1.	STATUTORY INFORMATION

Unyte Capital 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.

Going concern

The directors are of the opinion that the company will have access to sufficient funds to enable it to trade for at least one year from the date of signing the balance sheet.

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 and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

24,678

14,771

39,449

Additions

-

3,774

3,774

At 31 December 2024

24,678

18,545

43,223

DEPRECIATION

At 1 January 2024

12,540

6,471

19,011

Charge for year

1,821

2,871

4,692

At 31 December 2024

14,361

9,342

23,703

NET BOOK VALUE

At 31 December 2024

10,317

9,203

19,520

At 31 December 2023

12,138

8,300

20,438

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

9,415

NET BOOK VALUE

At 31 December 2024

9,415

At 31 December 2023

9,415

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

155

Amounts owed by group undertakings

94,119

246,065

Other debtors

195,529

147,500

289,648

393,720

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,260

9,429

Trade creditors

23,602

51,835

Amounts owed to group undertakings

1,191,353

712,906

Taxation and social security

1,328

40,303

Other creditors

4,114

3,125

1,230,657

817,598

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,393

16,347

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

15,653

25,776

Included in the secured debts was a bounce back loan of £25,776 (2022: £35,651), which is not a secured bank loan.

10.	RELATED PARTY DISCLOSURES

Included in other debtors was a loan to the directors of £104,374 (2023: creditor £104,374). Interest has been charged on this by the company. This loan repayable on demand.