Company Registration No. 04484629 (England and Wales)
Bytemark Limited
Abbreviated Accounts
For The Year Ended 31 July 2016
BYTEMARK LIMITED
Bytemark Limited
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BYTEMARK LIMITED
Bytemark Limited
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
2,899
3,383
Tangible assets
2
1,149,403
1,079,778
1,152,302
1,083,161
Current assets
Debtors
3
197,042
814,138
Cash at bank and in hand
245,390
101,969
442,432
916,107
Creditors: amounts falling due within one year
4
(1,096,277)
(944,028)
Net current liabilities
(653,845)
(27,921)
Total assets less current liabilities
498,457
1,055,240
Creditors: amounts falling due after more than one year
5
(61,121)
(162,746)
437,336
892,494
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
437,236
892,394
Shareholders' funds
437,336
892,494
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 April 2017
Mr P R Taphouse
Director
Company Registration No. 04484629
BYTEMARK LIMITED
Bytemark Limited
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Trademarks
Trademarks
are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Property improvements
15% reducing balance
Computer equipment
3 years straight line
Fixtures, fittings and equipment
15% reducing balance and 3 years straight line
1.5
Leasing and hire purchase commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
BYTEMARK LIMITED
Bytemark Limited
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2015
4,835
3,919,662
3,924,497
Additions
-
636,006
636,006
At 31 July 2016
4,835
4,555,668
4,560,503
Depreciation
At 1 August 2015
1,452
2,839,884
2,841,336
Charge for the year
484
566,381
566,865
At 31 July 2016
1,936
3,406,265
3,408,201
Net book value
At 31 July 2016
2,899
1,149,403
1,152,302
At 31 July 2015
3,383
1,079,778
1,083,161
3
Debtors
Debtors include an amount of £0 (2015 - £678,617) which is due after more than one year.
4
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £97,935 (2015 - £153,904).
5
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £61,121 (2015 - £162,145).
6
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100