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REGISTERED NUMBER: 08994234 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2017

for

Bitstocks Ltd

Bitstocks Ltd (Registered number: 08994234)






Contents of the Financial Statements
for the Year Ended 30 April 2017




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


Bitstocks Ltd (Registered number: 08994234)

Statement of Financial Position
30 April 2017

30.4.17 30.4.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,058 22,990

CURRENT ASSETS
Stocks 1,382,817 882,352
Debtors 5 2,849 2,849
Cash at bank and in hand 1,198,503 57,148
2,584,169 942,349
CREDITORS
Amounts falling due within one year 6 2,885,148 949,607
NET CURRENT LIABILITIES (300,979 ) (7,258 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(279,921

)

15,732

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Retained earnings (289,921 ) 5,732
SHAREHOLDERS' FUNDS (279,921 ) 15,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 29 June 2018 and were signed by:





M J Hudson - Director


Bitstocks Ltd (Registered number: 08994234)

Notes to the Financial Statements
for the Year Ended 30 April 2017

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stock comprises of investments in crypto currency held on behalf of clients.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Bitstocks Ltd (Registered number: 08994234)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2016 40,134
Additions 4,254
At 30 April 2017 44,388
DEPRECIATION
At 1 May 2016 17,144
Charge for year 6,186
At 30 April 2017 23,330
NET BOOK VALUE
At 30 April 2017 21,058
At 30 April 2016 22,990

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.17 30.4.16
£    £   
Other debtors 2,849 2,849

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.17 30.4.16
£    £   
Trade creditors 40,453 -
Taxation and social security 23,694 8,810
Other creditors 2,821,001 940,797
2,885,148 949,607

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.4.17 30.4.16
value: £    £   
10,000 Ordinary 1 10,000 10,000