REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 28 April 2023 |
for |
Bamzyk Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 28 April 2023 |
for |
Bamzyk Limited |
Bamzyk Limited (Registered number: 07254860) |
Contents of the Financial Statements |
for the Year Ended 28 April 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Bamzyk Limited |
Company Information |
for the Year Ended 28 April 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
6 High Street |
Wheathampstead |
Hertfordshire |
AL4 8AA |
Bamzyk Limited (Registered number: 07254860) |
Balance Sheet |
28 April 2023 |
28.4.23 | 28.4.22 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
Bamzyk Limited (Registered number: 07254860) |
Balance Sheet - continued |
28 April 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Bamzyk Limited (Registered number: 07254860) |
Notes to the Financial Statements |
for the Year Ended 28 April 2023 |
1. | STATUTORY INFORMATION |
BAMZYK Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is Rivermill House, 6 High Street, Wheathampstead, Herts, AL4 8AA. |
The financial statements are presented in Sterling, which is the functional currency of the company. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Revenue recognition |
Revenue represents the fair value of fees and expenses charged to clients excluding Value Added Tax (having regard to the fulfilment of contractual obligations). |
Government grants |
Government Grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. |
Taxation |
Taxation represents the sum of tax currently payable and deferred tax. |
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. |
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
Dividends |
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid. |
Stocks |
Stock and Work-in-Progress is valued at the lower of cost and net realisable value. |
Bamzyk Limited (Registered number: 07254860) |
Notes to the Financial Statements - continued |
for the Year Ended 28 April 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.4.23 | 28.4.22 |
£ | £ |
Trade debtors |
Other debtors |
Directors' loan accounts | 35,881 | 32,588 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.4.23 | 28.4.22 |
£ | £ |
Bank loans and overdrafts |
Tax |
Social security and other taxes |
Accruals and deferred income |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.4.23 | 28.4.22 |
£ | £ |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 3,852 | 3,733 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.4.23 | 28.4.22 |
value: | £ | £ |
Ordinary Shares | £1 | 100 | 100 |
Bamzyk Limited (Registered number: 07254860) |
Notes to the Financial Statements - continued |
for the Year Ended 28 April 2023 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 28 April 2023 and 28 April 2022: |
28.4.23 | 28.4.22 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The above loan is unsecured, and repayable on demand. |