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REGISTERED NUMBER: 08994234 (England and Wales)















BITSTOCKS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016






BITSTOCKS LTD (REGISTERED NUMBER: 08994234)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

BITSTOCKS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2016







Director: M J Hudson





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





Registered number: 08994234 (England and Wales)





Accountants: M. Parmar & Co.
Chartered Accountants
First Floor
244 Edgware Road
London
W2 1DS

BITSTOCKS LTD (REGISTERED NUMBER: 08994234)

ABBREVIATED BALANCE SHEET
30 APRIL 2016

2016 2015
Notes £ £ £ £
Fixed assets
Tangible assets 2 22,990 28,443

Current assets
Stocks 882,352 35,000
Debtors 2,849 2,849
Cash at bank 57,148 25,096
942,349 62,945
Creditors
Amounts falling due within one year 949,607 115,363
Net current liabilities (7,258 ) (52,418 )
Total assets less current liabilities 15,732 (23,975 )

Capital and reserves
Called up share capital 3 10,000 10,000
Profit and loss account 5,732 (33,975 )
Shareholders' funds 15,732 (23,975 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 30 January 2017 and were signed by:





M J Hudson - Director


BITSTOCKS LTD (REGISTERED NUMBER: 08994234)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016


1. Accounting policies

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents fees receivable excluding VAT.

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 - 25% on reducing balance

Stocks
Stock comprises of investments of 4000 Bitcoins held on behalf of clients.

2. Tangible fixed assets
Total
£
Cost
At 1 May 2015 37,924
Additions 2,210
At 30 April 2016 40,134
Depreciation
At 1 May 2015 9,481
Charge for year 7,663
At 30 April 2016 17,144
Net book value
At 30 April 2016 22,990
At 30 April 2015 28,443

3. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £ £
10,000 Ordinary £1 10,000 10,000