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REGISTERED NUMBER: 04498601 (England and Wales)
















IIZUKA SOFTWARE TECHNOLOGIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023






IIZUKA SOFTWARE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04498601)








CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 July 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





IIZUKA SOFTWARE TECHNOLOGIES LIMITED



COMPANY INFORMATION

for the Year Ended 31 July 2023









DIRECTORS:

G H Hayes


S M Randerson







REGISTERED OFFICE:

2 Church Court


Cox Street


St Paul's Square


Birmingham


West Midlands


B3 1RD







REGISTERED NUMBER:

04498601 (England and Wales)







ACCOUNTANTS:

Michael Dufty Partnership Limited


59-61 Charlotte Street


St Pauls Square


Birmingham


West Midlands


B3 1PX


IIZUKA SOFTWARE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04498601)



BALANCE SHEET

31 July 2023



31/7/23

31/7/22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

99,510


46,009




CURRENT ASSETS

Stocks

18,888


18,000



Debtors

5

535,180


592,225



Cash at bank and in hand

1,062,022


805,416



1,616,090


1,415,641



CREDITORS

Amounts falling due within one year

6

790,389


664,025



NET CURRENT ASSETS

825,701


751,616



TOTAL ASSETS LESS CURRENT

LIABILITIES

925,211


797,625




CREDITORS

Amounts falling due after more than one

year

7

(39,620

)

(51,637

)



PROVISIONS FOR LIABILITIES

9

(21,530

)

(8,742

)


NET ASSETS

864,061


737,246




CAPITAL AND RESERVES

Called up share capital

10

12,804


12,804



Capital redemption reserve

11

15,005


15,005



Retained earnings

11

836,252


709,437



SHAREHOLDERS' FUNDS

864,061


737,246




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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.


IIZUKA SOFTWARE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04498601)



BALANCE SHEET - continued

31 July 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 16 April 2024 and were signed on its behalf by:






G H Hayes - Director



IIZUKA SOFTWARE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04498601)



NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 July 2023


1.

STATUTORY INFORMATION



Iizuka Software Technologies 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.


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 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.  


Fixtures and fittings

-

25% on reducing balance


Computer equipment

-

50% on cost



Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


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.


Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 22 (2022 - 20 ) .


IIZUKA SOFTWARE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04498601)



NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 July 2023


4.

TANGIBLE FIXED ASSETS


Fixtures



and


Motor


Computer



fittings


vehicles


equipment


Totals

£   

£   

£   

£   



COST


At 1 August 2022

125,786


310,017


210,805


646,608




Additions

17,747


66,090


24,863


108,700




Disposals

-


(30,960

)

-


(30,960

)



At 31 July 2023

143,533


345,147


235,668


724,348




DEPRECIATION


At 1 August 2022

96,810


307,298


196,491


600,599




Charge for year

10,822


16,177


28,200


55,199




Eliminated on disposal

-


(30,960

)

-


(30,960

)



At 31 July 2023

107,632


292,515


224,691


624,838




NET BOOK VALUE


At 31 July 2023

35,901


52,632


10,977


99,510




At 31 July 2022

28,976


2,719


14,314


46,009




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31/7/23


31/7/22

£   

£   



Trade debtors

437,793


345,320




Other debtors

1,673


1,613




Owed by Iizuka holdings

77,554


92,554




Corporation tax recoverable

-


128,887




Prepayments

18,160


23,851



535,180


592,225




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31/7/23


31/7/22

£   

£   



Hire purchase contracts

86,450


56,604




Trade creditors

45,045


58,956




Social security and other taxes

331,450


241,288




Other creditors

11,375


8,749




Deferred income

314,019


272,441




Accrued expenses

2,050


25,987



790,389


664,025




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



31/7/23


31/7/22

£   

£   



Hire purchase contracts

39,620


51,637




IIZUKA SOFTWARE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04498601)



NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 July 2023


8.

SECURED DEBTS



The following secured debts are included within creditors:



31/7/23


31/7/22

£   

£   



Hire purchase contracts

126,070


108,241





The bank loan is a fixed charge on leasehold property.



Hire purchase contracts are secured against the assets in which they relate.


9.

PROVISIONS FOR LIABILITIES


31/7/23


31/7/22

£   

£   



Deferred tax

21,530


8,742





Deferred



tax


£   



Balance at 1 August 2022

8,742




Provided during year

12,788




Balance at 31 July 2023

21,530




10.

CALLED UP SHARE CAPITAL



Allotted and issued:


Number:

Class:

Nominal

31/7/23


31/7/22


value:

£   

£   



3,802

A ordinary

£1

3,802


3,802




9,002

B ordinary

£1

9,002


9,002



12,804


12,804





The A shares and B shares rank pari passu save that the holders of the B shares are not entitled to vote at any general meeting of the company.


11.

RESERVES


Capital



Retained


redemption



earnings


reserve


Totals

£   

£   

£   




At 1 August 2022

709,437


15,005


724,442




Profit for the year

803,782


803,782




Dividends

(676,967

)

(676,967

)



At 31 July 2023

836,252


15,005


851,257




IIZUKA SOFTWARE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04498601)



NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 July 2023


12.

ULTIMATE CONTROLLING PARTY



The controlling party is Iizuka Holdings Limited.



There is no ultimate controlling party as no shareholder holds more than 51% of the shares in the holding company.