IRIS Accounts Production v24.1.9.2 06716889 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067168892022-10-31067168892023-10-31067168892022-11-012023-10-31067168892021-10-31067168892021-11-012022-10-31067168892022-10-3106716889ns15:EnglandWales2022-11-012023-10-3106716889ns14:PoundSterling2022-11-012023-10-3106716889ns10:Director12022-11-012023-10-3106716889ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3106716889ns10:SmallEntities2022-11-012023-10-3106716889ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3106716889ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3106716889ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3106716889ns10:FullAccounts2022-11-012023-10-3106716889ns10:CompanySecretary12022-11-012023-10-3106716889ns10:RegisteredOffice2022-11-012023-10-3106716889ns5:CurrentFinancialInstruments2023-10-3106716889ns5:CurrentFinancialInstruments2022-10-3106716889ns5:Non-currentFinancialInstruments2023-10-3106716889ns5:Non-currentFinancialInstruments2022-10-3106716889ns5:ShareCapital2023-10-3106716889ns5:ShareCapital2022-10-3106716889ns5:RetainedEarningsAccumulatedLosses2023-10-3106716889ns5:RetainedEarningsAccumulatedLosses2022-10-3106716889ns5:LongLeaseholdAssetsns5:LandBuildings2022-11-012023-10-3106716889ns5:LongLeaseholdAssetsns5:LandBuildings2022-10-3106716889ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-3106716889ns5:LongLeaseholdAssetsns5:LandBuildings2022-10-3106716889ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3106716889ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3106716889ns5:Secured2023-10-3106716889ns5:Secured2022-10-31067168891ns10:Director12022-10-31067168891ns10:Director12021-10-31067168891ns10:Director12022-11-012023-10-31067168891ns10:Director12021-11-012022-10-31067168891ns10:Director12023-10-31067168891ns10:Director12022-10-31
REGISTERED NUMBER: 06716889 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

IZZ BO LIMITED

IZZ BO LIMITED (REGISTERED NUMBER: 06716889)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IZZ BO LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTOR: Mr J Saxon





SECRETARY: Mr J Saxon





REGISTERED OFFICE: Hoof Hall
Old Cross
Ripponden Road
Denshaw
Lancashire
OL3 5UN





REGISTERED NUMBER: 06716889 (England and Wales)





ACCOUNTANTS: Moss and Williamson Limited
Chartered Accountants
11 Stamford Street
Stalybridge
Cheshire
SK15 1JP

IZZ BO LIMITED (REGISTERED NUMBER: 06716889)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 240,000 240,000

CURRENT ASSETS
Debtors 6 47,764 203
Cash at bank and in hand 40,995 94,298
88,759 94,501
CREDITORS
Amounts falling due within one year 7 166,013 159,344
NET CURRENT LIABILITIES (77,254 ) (64,843 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,746

175,157

CREDITORS
Amounts falling due after more than one
year

8

184,684

185,863
NET LIABILITIES (21,938 ) (10,706 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (22,038 ) (10,806 )
SHAREHOLDERS' FUNDS (21,938 ) (10,706 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

IZZ BO LIMITED (REGISTERED NUMBER: 06716889)

BALANCE SHEET - continued
31 October 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 29 July 2024 and were signed by:





Mr J Saxon - Director


IZZ BO LIMITED (REGISTERED NUMBER: 06716889)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Izz Bo 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Long leasehold properties - not provided

Going concern
The financial statements have been prepared on a going concern basis which assumes that adequate working capital is available to enable the company to continue trading. The director intends to continue to support the company in the long term and he is confident that its bankers will do likewise.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Long
leasehold
properties
£   
COST
At 1 November 2022
and 31 October 2023 240,000
NET BOOK VALUE
At 31 October 2023 240,000
At 31 October 2022 240,000

The properties all built by and acquired from the parent company Quantum Star Limited are held for sale and included at cost which is considered to be fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 47,764 203

IZZ BO LIMITED (REGISTERED NUMBER: 06716889)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 1,200 1,200
Taxation and social security 12,011 7,902
Other creditors 152,802 150,242
166,013 159,344

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 184,684 185,863

Amounts falling due in more than five years:

Repayable by instalments
Loans:Lendco Limited 182,700 182,700

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 185,884 187,063

Lendco Limited have a charge over the property at 7A Ripponden Road, Denshaw, Oldham.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mr J Saxon
Balance outstanding at start of year - -
Amounts advanced 13,131 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,131 -

11. RELATED PARTY DISCLOSURES

RELATED PARTY TRANSACTIONS

There were no material related party transactions requiring disclosure.

IZZ BO LIMITED (REGISTERED NUMBER: 06716889)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

12. ULTIMATE CONTROLLING PARTY

The company is under the control of the director Mr John Saxon who holds the whole of the share capital of the parent company Quantum Star Limited.