Bit Systems Limited in Cardiff, CF24 5EZ

Description

Data updated on: 01-11-2023

The company called Bit Systems was established on 1994-06-07 as a Private Limited Company. This company's registered office could be found at Cardiff on The Maltings, East Tyndall Street. In case you need to contact the business by mail, the postal code is CF24 5EZ. The company registration number for Bit Systems Limited is 02936365. Up till now Bit Systems Limited switched the company listed name four times. Until 2020-08-14 it used the business name Micross Apps. Then it used the business name Micross Systems that was used up till 2020-08-14 when the currently used name was accepted. This company's SIC code is 62020 which stands for Information technology consultancy activities. The business most recent accounts cover the period up to 2022/09/30 and the most recent confirmation statement was filed on 2023/06/07.

Current directors listed by this company are: Katherine W. assigned this position in 2018 and Gavin M. assigned this position on 2005-04-26. Furthermore, the managing director's responsibilities are constantly supported by a secretary - Paul H., who was chosen by the following company on 1996-07-01.

Previous company's names
Bit Systems Limited 2020-08-14
Micross Apps Limited 2011-02-03
Micross Systems Limited 2004-10-14
Micross Computers Limited 1999-03-22
Felbrooke Limited 1994-06-07

Financial data based on annual reports

Profit & Loss
Date of Accounts	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30
Currency
Net Worth		-275 422	-309 735

Balance Sheet
Current Assets		185 492	148 051	160 226	149 055	186 154	135 808	284 749	411 330	547 440
Debtors	169 492		132 051	64 463	134 055	171 154	124 487	268 741	405 353	537 436
Net Assets Liabilities				-323 899	-331 321	-299 140	-330 296	-450 092	-668 933	-1 049 765
Other Debtors			5 499	28 311	2 091	2 979	4 235	10 685	9 003	22 286
Property Plant Equipment			3 588	3 538	3 304	9 842	41 356	51 959	24 244	10 445
Total Inventories			16 000	16 000	15 000	15 000	11 321	16 008	5 977
Intangible Fixed Assets		66
Net Assets Liabilities Including Pension Asset Liability		-275 422	-309 735
Stocks Inventory		16 000	16 000
Tangible Fixed Assets		5 326	3 589

Capital & Reserves
Called Up Share Capital		20 000	20 000
Profit Loss Account Reserve		-295 422	-329 735
Shareholder Funds		-275 422	-309 735

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment			4 172	6 486	7 495	6 676	21 429	41 717	50 133	25 230
Additions Other Than Through Business Combinations Property Plant Equipment				2 263	2 306	9 669		35 844	5 037	873
Amounts Owed By Related Parties				6 789	4 940
Amounts Owed To Group Undertakings			412 000	425 000	105 000	300 000	300 000	435 000	820 000	1 070 000
Average Number Employees During Period							7	15	16	17
Bank Borrowings Overdrafts			26 504	38 666	35 601	43 456	67 382	232 484	197 959	513 112
Bank Overdrafts			26 504	38 666	35 601	43 456	67 382	232 484	197 959	513 112
Corporation Tax Recoverable								46 157
Creditors			461 374	487 663	105 000	300 000	322 359	457 739	830 091	1 073 023
Deferred Tax Asset Debtors			86 756	79 763	79 339	72 748	90 621	104 716	253 148	446 517
Fixed Assets		5 392	3 589				141 356	191 959	164 244	150 445
Increase From Depreciation Charge For Year Property Plant Equipment				2 314	2 540	3 131		25 210	26 094	12 931
Intangible Assets							100 000	140 000	140 000	140 000
Intangible Assets Gross Cost							100 000	140 000	140 000
Net Current Assets Liabilities		94 186	86 676	-327 437	-229 625	-8 982	-149 293	-184 312	-3 086	-127 187
Number Shares Issued Fully Paid				20 000	20 000
Other Creditors			7 793	7 751	7 693	5 093	22 359	22 739	10 091	3 023
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment					1 531	3 950		4 922	17 678	37 834
Other Disposals Property Plant Equipment					1 531	3 950		4 953	24 336	39 575
Other Taxation Social Security Payable			15 077	16 246	15 296	21 364	51 510	78 654	47 835	16 073
Par Value Share			1	1	1
Property Plant Equipment Gross Cost			7 761	10 024	10 799	16 518	62 785	93 676	74 377	35 675
Total Assets Less Current Liabilities		99 578	90 265	-323 899	-226 321	860	-7 937	7 647	161 158	23 258
Total Borrowings			26 504	38 666	35 601	43 456	67 382	232 484	197 959	513 112
Trade Creditors Trade Payables					90	223	8 816	12 500	1 387	1 415
Trade Debtors Trade Receivables			39 796	29 363	47 685	95 427	29 631	107 183	143 202	68 633
Creditors Due After One Year		375 000	400 000
Creditors Due Within One Year		91 306	61 375
Intangible Fixed Assets Aggregate Amortisation Impairment		1 675
Intangible Fixed Assets Cost Or Valuation		1 741
Number Shares Allotted			20 000
Secured Debts		56 938	26 504
Share Capital Allotted Called Up Paid		20 000	20 000
Tangible Fixed Assets Cost Or Valuation		8 537	7 761
Tangible Fixed Assets Depreciation		3 211	4 172