1 July 2023 v2025.4.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP141697852023-07-012024-06-30141697852024-06-30141697852023-06-3014169785core:WithinOneYear2024-06-3014169785core:WithinOneYear2023-06-3014169785core:ShareCapital2024-06-3014169785core:ShareCapital2023-06-3014169785core:RetainedEarningsAccumulatedLosses2024-06-3014169785core:RetainedEarningsAccumulatedLosses2023-06-3014169785bus:Director12023-07-012024-06-3014169785bus:RegisteredOffice2023-07-012024-06-3014169785core:OfficeEquipment2023-07-012024-06-30141697852022-06-132023-06-3014169785core:PlantMachinery2024-06-3014169785core:PlantMachinery2023-07-0114169785core:PlantMachinery2023-07-012024-06-3014169785core:PlantMachinery2023-06-3014169785core:AfterOneYear2023-06-301416978512023-07-012024-06-3014169785countries:EnglandWales2023-07-012024-06-3014169785bus:AuditExemptWithAccountantsReport2023-07-012024-06-3014169785bus:PrivateLimitedCompanyLtd2023-07-012024-06-3014169785bus:SmallEntities2023-07-012024-06-3014169785bus:FullAccounts2023-07-012024-06-30
Company registration number:
14169785
BFZ Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2024
BFZ Limited
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Tangible assets 5
6,592
 
8,936
 
Current assets    
Debtors 6
7,428
 
9,408
 
Cash at bank and in hand
49,465
 
44,690
 
56,893
 
54,098
 
Creditors: amounts falling due within one year 7
(42,043
)
(43,875
)
Net current assets
14,850
 
10,223
 
Total assets less current liabilities 21,442   19,159  
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
21,441
 
19,158
 
Shareholders funds
21,442
 
19,159
 
For the year ending
30 June 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
21 January 2025
, and are signed on behalf of the board by:
Mr A Shah
Director
Company registration number:
14169785
BFZ Limited
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
143 High Street
,
Cranford
,
Hounslow
,
TW5 9PF
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% Reducing balance

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2023
and
30 June 2024
11,915
 
Depreciation  
At
1 July 2023
2,979
 
Charge
2,344
 
At
30 June 2024
5,323
 
Carrying amount  
At
30 June 2024
6,592
 
At 30 June 2023
8,936
 

Tangible assets held at valuation

In respect of tangible assets held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
Plant and machineryPlant and machinery
20242023
££
Aggregate historical cost 11,915   11,915  
Aggregate depreciation (5,323 ) (2,979 )
Carrying amount 6,592   8,936  

6 Debtors

20242023
££
Trade debtors
7,428
 
9,408
 
The debtors above include the following amounts falling due after more than one year:
20242023
££
Trade debtors -  
9,408
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
16,885
 
17,924
 
Other creditors
25,158
 
25,951
 
42,043
 
43,875