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REGISTERED NUMBER: 12294149 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2023

FOR

BUSYLIZZY NORTH EAST HANTS LTD

BUSYLIZZY NORTH EAST HANTS LTD (REGISTERED NUMBER: 12294149)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUSYLIZZY NORTH EAST HANTS LTD

COMPANY INFORMATION
for the year ended 28 February 2023







DIRECTOR: C L Haslett





SECRETARY: M H Phillips





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: 12294149 (England and Wales)





ACCOUNTANTS: d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

BUSYLIZZY NORTH EAST HANTS LTD (REGISTERED NUMBER: 12294149)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 950 1,520
Property, plant and equipment 5 155 361
1,105 1,881

CURRENT ASSETS
Debtors 6 9,173 8,066

CREDITORS
Amounts falling due within one year 7 45,298 29,904
NET CURRENT LIABILITIES (36,125 ) (21,838 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,020

)

(19,957

)

CREDITORS
Amounts falling due after more than one
year

8

6,096

14,438
NET LIABILITIES (41,116 ) (34,395 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (41,117 ) (34,396 )
SHAREHOLDERS' FUNDS (41,116 ) (34,395 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

BUSYLIZZY NORTH EAST HANTS LTD (REGISTERED NUMBER: 12294149)

BALANCE SHEET - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:





C L Haslett - Director


BUSYLIZZY NORTH EAST HANTS LTD (REGISTERED NUMBER: 12294149)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2023

1. STATUTORY INFORMATION

BusyLizzy North East Hants Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 preparedunder the historical cost convention.

The directors have assessed the company's future projections and cash flow forecasts and believe that the going concern basis of preparation remains appropriate.

TURNOVER
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% straight line basis

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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

BUSYLIZZY NORTH EAST HANTS LTD (REGISTERED NUMBER: 12294149)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2022
and 28 February 2023 2,850
AMORTISATION
At 1 March 2022 1,330
Charge for year 570
At 28 February 2023 1,900
NET BOOK VALUE
At 28 February 2023 950
At 28 February 2022 1,520

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 824
DEPRECIATION
At 1 March 2022 463
Charge for year 206
At 28 February 2023 669
NET BOOK VALUE
At 28 February 2023 155
At 28 February 2022 361

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,173 8,066

BUSYLIZZY NORTH EAST HANTS LTD (REGISTERED NUMBER: 12294149)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,880 537
Other creditors 43,418 29,367
45,298 29,904

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 6,096 14,438

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 1,880 537

10. RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to its shareholders.

11. GOING CONCERN

The company and the director are committed to finding a viable solution to support the company's trading in the future, and on that basis the company is considered a going concern.