REGISTERED NUMBER: 05757885 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Bitworks Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E D'Arcy

Ms M C Brennan

SECRETARY:

E D'Arcy

REGISTERED OFFICE:

63 College Ride

Bagshot

Surrey

GU19 5EW

REGISTERED NUMBER:

05757885 (England and Wales)

ACCOUNTANTS:

M Goddard & Co

Chartered Accountants

69 Tupwood Lane

Caterham

Surrey

CR3 6DD

CURRENT ASSETS

Debtors

21,300

37,274

Cash at bank

245,936

217,592

267,236

254,866

CREDITORS

Amounts falling due within one year

17,407

16,410

NET CURRENT ASSETS

249,829

238,456

TOTAL ASSETS LESS CURRENT LIABILITIES

249,829

238,456

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

249,827

238,454

SHAREHOLDERS' FUNDS

249,829

238,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 November 2025 and were signed on its behalf by:

E D'Arcy - Director

1.	STATUTORY INFORMATION

Bitworks 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.

Turnover

Turnover represents net invoiced sales of services plus a provision for services carried out at the year end but not invoiced, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on 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.

Pension costs and other post-retirement benefits

The company periodically pays amounts into a defined contribution pension scheme. Contributions payable to the pension scheme are charged to the profit and loss account in the period they are paid.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

1,554

DEPRECIATION

At 1 April 2024

and 31 March 2025

1,554

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £37,700 (2024 - £40,000) were paid to the directors .

E D'Arcy, a director of the company was owed £936 by the company at the year end. E D'Arcy, owed the company £6,028 as at 31st March 2025.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is E D'Arcy.