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Registration number: 05885754

Bizz Telecom Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Bizz Telecom Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Bizz Telecom Limited

Company Information





 

Director




 

H Chopra

Company secretary



 

H Chopra

Registered office





 

18 T8 9 Brooke's Mill
Armitage Bridge
Huddersfield
HD4 7NR

Accountants

D & A Hill
18 T8 9 Brooke's Mill
Armitage Bridge
Huddersfield
HD4 7NR

 

Bizz Telecom Limited

Director's Report
for the Year Ended 29 February 2024

The director presents his report and the financial statements for the year ended 29 February 2024.

Director of the company

The director who held office during the year was as follows:

H Chopra - Company secretary and director

Principal activity

The principal activity of the company is that of telecommunications consultants.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 22 November 2024
 

.........................................
H Chopra
Company secretary and director

 

Bizz Telecom Limited

(Registration number: 05885754 )
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

17,579

15,740

Cash at bank and in hand

 

30

29

 

17,609

15,769

Creditors: Amounts falling due within one year

5

(15,776)

(14,949)

Net assets

 

1,833

820

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

1,733

720

Shareholders' funds

 

1,833

820

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 November 2024
 

.........................................
H Chopra
Company secretary and director

 

Bizz Telecom Limited

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18 T8 9 Brooke's Mill
Armitage Bridge
Huddersfield
HD4 7NR

These financial statements were authorised for issue by the director on 22 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Bizz Telecom Limited

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Bizz Telecom Limited

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

4

Debtors

Current

2024
£

2023
£

Trade debtors

3,907

1,911

Other debtors

13,672

13,829

 

17,579

15,740

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

8,979

5,919

Trade creditors

 

2,931

4,387

Taxation and social security

 

3,041

3,093

Accruals and deferred income

 

825

1,550

 

15,776

14,949

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank overdrafts

8,979

5,919

8

Related party transactions

During the period the company traded with OM7 Limited, a company controlled by H Chopra. All transactions were on a commercial basis.