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REGISTERED NUMBER: 08994234 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2018

for

Bitstocks Ltd

Bitstocks Ltd (Registered number: 08994234)






Contents of the Financial Statements
for the Year Ended 30 April 2018




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


Bitstocks Ltd (Registered number: 08994234)

Statement of Financial Position
30 April 2018

30.4.18 30.4.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,371 21,058

CURRENT ASSETS
Stocks 2,580,089 1,382,817
Debtors 5 32,849 2,849
Cash at bank and in hand 1,140,111 1,198,503
3,753,049 2,584,169
CREDITORS
Amounts falling due within one year 6 1,330,228 2,885,147
NET CURRENT ASSETS/(LIABILITIES) 2,422,821 (300,978 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,488,192 (279,920 )

PROVISIONS FOR LIABILITIES 12,420 -
NET ASSETS/(LIABILITIES) 2,475,772 (279,920 )

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Retained earnings 2,465,772 (289,920 )
SHAREHOLDERS' FUNDS 2,475,772 (279,920 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 8 November 2019 and were signed by:





M J Hudson - Director


Bitstocks Ltd (Registered number: 08994234)

Notes to the Financial Statements
for the Year Ended 30 April 2018

1. STATUTORY INFORMATION

Bitstocks Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and
registered office address are as below:

Registered number: 08994234

Registered office: Tower 42 25 Old Broad St.
London
EC2N 1HN

The presentation currency of the financial statements is the Pound Sterling (£).


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 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on a straight line basis

Stocks
Stock comprises of investments in crypto currency.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings,
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial
position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial
position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.
Exchange differences are taken into account in arriving at the operating result.

Bitstocks Ltd (Registered number: 08994234)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2018

2. ACCOUNTING POLICIES - continued

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 11 (2017 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2017 40,134 4,254 44,388
Additions 65,720 1,100 66,820
At 30 April 2018 105,854 5,354 111,208
DEPRECIATION
At 1 May 2017 22,892 438 23,330
Charge for year 20,740 1,767 22,507
At 30 April 2018 43,632 2,205 45,837
NET BOOK VALUE
At 30 April 2018 62,222 3,149 65,371
At 30 April 2017 17,242 3,816 21,058

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.18 30.4.17
£    £   
Other debtors 32,849 2,849

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.18 30.4.17
£    £   
Trade creditors 92,456 40,452
Taxation and social security 476,038 23,694
Other creditors 761,734 2,821,001
1,330,228 2,885,147

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.4.18 30.4.17
value: £    £   
10,000 Ordinary 1 10,000 10,000