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REGISTERED NUMBER: 10537276 (England and Wales)



Financial Statements for the Year Ended 31 March 2023

for

Bizav Media Limited

Bizav Media Limited (Registered number: 10537276)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


Bizav Media Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M A Raja
Mrs R S Raja





REGISTERED OFFICE: 211 Shirley Road
Croydon
CR0 8SB





REGISTERED NUMBER: 10537276 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Bizav Media Limited (Registered number: 10537276)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 23,355 28,542

CURRENT ASSETS
Debtors 5 51,791 21,119
Cash at bank 98,691 32,430
150,482 53,549
CREDITORS
Amounts falling due within one year 6 123,096 143,381
NET CURRENT ASSETS 273,578 196,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,933

225,472

CREDITORS
Amounts falling due after more than one year 7 (62,508 ) (72,364 )
NET ASSETS 234,425 153,108

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 234,325 153,008
SHAREHOLDERS' FUNDS 234,425 153,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Bizav Media Limited (Registered number: 10537276)

Statement of Financial Position - continued
31 March 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 Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:





M A Raja - Director


Bizav Media Limited (Registered number: 10537276)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Bizav Media Limited 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.

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 each asset over its estimated useful life.

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.

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 2 (2022 - 2 ) .

Bizav Media Limited (Registered number: 10537276)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 - 55,745 55,745
Additions 653 - 653
At 31 March 2023 653 55,745 56,398
DEPRECIATION
At 1 April 2022 - 27,203 27,203
Charge for year 131 5,709 5,840
At 31 March 2023 131 32,912 33,043
NET BOOK VALUE
At 31 March 2023 522 22,833 23,355
At 31 March 2022 - 28,542 28,542

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 6,832 1,851
Directors' current accounts 44,959 19,268
51,791 21,119

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 3,585 11,777
Tax 57,678 30,198
Social security and other taxes 78 311
Amount Owed by Max Maya Ltd (184,849 ) (186,105 )
VAT 412 438
(123,096 ) (143,381 )

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 8) 62,508 72,364

Bizav Media Limited (Registered number: 10537276)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 15,984 22,364
Loan Account 46,524 50,000
62,508 72,364

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2022 153,008
Profit for the year 241,067
Dividends (159,750 )
At 31 March 2023 234,325