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REGISTERED NUMBER: 10984223 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 September 2023

for

EBIZ TECHNOLOGY LTD

EBIZ TECHNOLOGY LTD (Registered number: 10984223)






Contents of the Financial Statements
For The Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EBIZ TECHNOLOGY LTD

Company Information
For The Year Ended 30 September 2023







DIRECTOR: S Hanif





REGISTERED OFFICE: 12 Constance Street
London
E16 2DQ





REGISTERED NUMBER: 10984223 (England and Wales)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

EBIZ TECHNOLOGY LTD (Registered number: 10984223)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 103,602 103,602
Tangible assets 5 24,294 30,368
127,896 133,970

CURRENT ASSETS
Stocks 130,250 78,925
Cash at bank and in hand 127,218 90,286
257,468 169,211
CREDITORS
Amounts falling due within one year 6 258,883 151,404
NET CURRENT (LIABILITIES)/ASSETS (1,415 ) 17,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,481

151,777

CREDITORS
Amounts falling due after more than one
year

7

70,720

120,552
NET ASSETS 55,761 31,225

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 55,661 31,125
SHAREHOLDERS' FUNDS 55,761 31,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

EBIZ TECHNOLOGY LTD (Registered number: 10984223)

Balance Sheet - continued
30 September 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 24 July 2024 and were signed by:





S Hanif - Director


EBIZ TECHNOLOGY LTD (Registered number: 10984223)

Notes to the Financial Statements
For The Year Ended 30 September 2023

1. STATUTORY INFORMATION

EBIZ TECHNOLOGY 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of nil years.

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.

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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

EBIZ TECHNOLOGY LTD (Registered number: 10984223)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 103,602
NET BOOK VALUE
At 30 September 2023 103,602
At 30 September 2022 103,602

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 49,404 6,557 55,961
DEPRECIATION
At 1 October 2022 22,394 3,199 25,593
Charge for year 5,402 672 6,074
At 30 September 2023 27,796 3,871 31,667
NET BOOK VALUE
At 30 September 2023 21,608 2,686 24,294
At 30 September 2022 27,010 3,358 30,368

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 96,890 841
Tax 10,407 11,046
VAT 15,328 16,051
Bank loan due within one year 11,584 7,032
Directors' current accounts 119,999 110,758
Accrued expenses 4,675 5,676
258,883 151,404

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Post office loan 60,720 66,000
Bank loan due outwith one year - 14,552
Funding circle loan 10,000 30,000
Youlend loan - 10,000
70,720 120,552

EBIZ TECHNOLOGY LTD (Registered number: 10984223)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 October 2022 31,125
Profit for the year 38,361
Dividends (13,825 )
At 30 September 2023 55,661