14 12 BZB IT Ltd 11360738 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is the provision of IT services. Digita Accounts Production Advanced 6.30.9574.0 true 11360738 2023-06-01 2024-05-31 11360738 2024-05-31 11360738 bus:OrdinaryShareClass1 2024-05-31 11360738 core:RetainedEarningsAccumulatedLosses 2024-05-31 11360738 core:ShareCapital 2024-05-31 11360738 core:SharePremium 2024-05-31 11360738 core:CurrentFinancialInstruments 2024-05-31 11360738 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 11360738 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 11360738 core:FurnitureFittingsToolsEquipment 2024-05-31 11360738 bus:SmallEntities 2023-06-01 2024-05-31 11360738 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11360738 bus:FilletedAccounts 2023-06-01 2024-05-31 11360738 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11360738 bus:RegisteredOffice 2023-06-01 2024-05-31 11360738 bus:Director1 2023-06-01 2024-05-31 11360738 bus:Director2 2023-06-01 2024-05-31 11360738 bus:Director3 2023-06-01 2024-05-31 11360738 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 11360738 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11360738 core:FurnitureFittings 2023-06-01 2024-05-31 11360738 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 11360738 countries:England 2023-06-01 2024-05-31 11360738 2023-05-31 11360738 core:FurnitureFittingsToolsEquipment 2023-05-31 11360738 2022-06-01 2023-05-31 11360738 2023-05-31 11360738 bus:OrdinaryShareClass1 2023-05-31 11360738 core:RetainedEarningsAccumulatedLosses 2023-05-31 11360738 core:ShareCapital 2023-05-31 11360738 core:SharePremium 2023-05-31 11360738 core:CurrentFinancialInstruments 2023-05-31 11360738 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 11360738 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 11360738 core:FurnitureFittingsToolsEquipment 2023-05-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 11360738

BZB IT Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2024

 

BZB IT Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

BZB IT Ltd

Company Information

Directors

Mr S Vesey

Mr D Matovski

Mr J Vesey

Registered office

4 Kelso Place
Upper Bristol Road
Bath
BA1 3AU

 

BZB IT Ltd

(Registration number: 11360738)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,934

18,128

Current assets

 

Debtors

185,446

174,222

Cash at bank and in hand

 

430,534

218,614

 

615,980

392,836

Creditors: Amounts falling due within one year

(294,369)

(215,449)

Net current assets

 

321,611

177,387

Total assets less current liabilities

 

330,545

195,515

Creditors: Amounts falling due after more than one year

(6,305)

(12,452)

Provisions for liabilities

(2,234)

(4,532)

Net assets

 

322,006

178,531

Capital and reserves

 

Called up share capital

5

3

2

Share premium reserve

4,999

-

Retained earnings

317,004

178,529

Shareholders' funds

 

322,006

178,531

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

BZB IT Ltd

(Registration number: 11360738)
Abridged Balance Sheet as at 31 May 2024

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

.........................................
Mr J Vesey
Director

   
     
 

BZB IT Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

1

General information

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

The address of its registered office is:
4 Kelso Place
Upper Bristol Road
Bath
BA1 3AU

These financial statements were authorised for issue by the Board on 26 February 2025.

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 abridged 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 abridged 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

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 tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

BZB IT Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

BZB IT Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund
and the company has no legal or constructive obligation to pay further contributions even if the fund does
not hold sufficient assets to pay all employees the benefits relating to employee service in the current and
prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are
due. If contribution payments exceed the contribution due for service, the excess is recognised as a
prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 12).

 

BZB IT Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

50,191

50,191

Additions

7,643

7,643

At 31 May 2024

57,834

57,834

Depreciation

At 1 June 2023

32,063

32,063

Charge for the year

16,837

16,837

At 31 May 2024

48,900

48,900

Carrying amount

At 31 May 2024

8,934

8,934

At 31 May 2023

18,128

18,128

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

3

3

2

2

       

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £20,625 (2023 - £48,125).