Company Registration No. 08462580 (England and Wales)
BIT Consulting Ltd.
Unaudited accounts
for the year ended 31 March 2020
BIT Consulting Ltd.
Unaudited accounts
Contents
BIT Consulting Ltd.
Company Information
for the year ended 31 March 2020
Company Number
08462580 (England and Wales)
Registered Office
103 Elspeth Road
Battersea
London
SW11 1DP
England
Accountants
Sage Accounting Ltd
19 Lomond Close
Tamworth
Staffordshire
United Kingdom
B79 8ET
BIT Consulting Ltd.
Statement of financial position
as at
31 March 2020
Cash at bank and in hand
1,531
30,578
Creditors: amounts falling due within one year
(5,058)
(24,621)
Net current assets
10
7,961
Called up share capital
10
10
Profit and loss account
-
9,840
Shareholders' funds
10
9,850
For the year ending 31 March 2020 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 14 May 2020.
Mr. L A Barea
Director
Company Registration No. 08462580
BIT Consulting Ltd.
Notes to the Accounts
for the year ended 31 March 2020
BIT Consulting Ltd. is a private company, limited by shares, registered in England and Wales, registration number 08462580. The registered office is 103 Elspeth Road, Battersea, London, SW11 1DP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Charge for the year
1,166
BIT Consulting Ltd.
Notes to the Accounts
for the year ended 31 March 2020
Accrued income and prepayments
-
2,000
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
5,058
23,652
Loans from directors
-
969
7
Share capital
2020
2019
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).