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REGISTERED NUMBER: 09248361 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 April 2024

for

Biz Minds (UK) Limited

Biz Minds (UK) Limited (Registered number: 09248361)






Contents of the Financial Statements
for the Year Ended 29 April 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Biz Minds (UK) Limited

Company Information
for the Year Ended 29 April 2024







DIRECTORS: C J Bamford
R C Ellis





REGISTERED OFFICE: Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ





REGISTERED NUMBER: 09248361 (England and Wales)





ACCOUNTANTS: Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Biz Minds (UK) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Biz Minds (UK) Limited for the year ended 29 April 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Biz Minds (UK) Limited, as a body, in accordance with the terms of our engagement letter dated 22 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Biz Minds (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Biz Minds (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Biz Minds (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Biz Minds (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Biz Minds (UK) Limited. You consider that Biz Minds (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Biz Minds (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ


29 January 2025

Biz Minds (UK) Limited (Registered number: 09248361)

Statement of Financial Position
29 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 152,662 120,057
Cash at bank 159 1,578
152,821 121,635
CREDITORS
Amounts falling due within one year 5 141,728 122,875
NET CURRENT ASSETS/(LIABILITIES) 11,093 (1,240 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,093

(1,240

)

CREDITORS
Amounts falling due after more than one year 6 14,419 27,665
NET LIABILITIES (3,326 ) (28,905 )

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 24,975 24,975
Retained earnings (28,401 ) (53,980 )
SHAREHOLDERS' FUNDS (3,326 ) (28,905 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2024 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.

Biz Minds (UK) Limited (Registered number: 09248361)

Statement of Financial Position - continued
29 April 2024


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 29 January 2025 and were signed on its behalf by:





R C Ellis - Director


Biz Minds (UK) Limited (Registered number: 09248361)

Notes to the Financial Statements
for the Year Ended 29 April 2024

1. STATUTORY INFORMATION

Biz Minds (UK) 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.

Going concern
The preparation of the financial statements requires the directors to make an assessment of the entity's ability to continue as a going concern. The directors have reviewed this and consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents sales of software development services, excluding Value Added Tax.

Revenue is recognised in the period that the services are provided.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Biz Minds (UK) Limited (Registered number: 09248361)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,440 8,193
Directors' current accounts 113,063 83,637
Corporation tax 38,159 28,227
152,662 120,057

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 13,246 9,988
Trade creditors 6,661 -
Corporation tax 68,011 51,724
Social security and other taxes 50,746 53,970
Other creditors - 1,139
Directors' current accounts 64 64
Accruals and deferred income 3,000 5,990
141,728 122,875

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 7,856 13,246
Other loans - 2-5 years 6,563 14,419
14,419 27,665

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,542 3,221
Between one and five years 2,132 4,674
4,674 7,895

Biz Minds (UK) Limited (Registered number: 09248361)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 April 2024 and 29 April 2023:

2024 2023
£    £   
R C Ellis
Balance outstanding at start of year 83,637 82,057
Amounts advanced 61,910 117,596
Amounts repaid (32,484 ) (116,016 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 113,063 83,637

C J Bamford
Balance outstanding at start of year (64 ) 5,436
Amounts repaid - (5,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (64 ) (64 )