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REGISTERED NUMBER: 11491659 (England and Wales)
























Unaudited Financial Statements for the Year Ended 30 July 2024

for

Biz Group Limited

Biz Group Limited (Registered number: 11491659)






Contents of the Financial Statements
for the Year Ended 30 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Biz Group Limited

Company Information
for the Year Ended 30 July 2024







DIRECTOR: A L Walton





REGISTERED OFFICE: 11 Grocotts Row
Nantwich
Cheshire
CW5 5BN





REGISTERED NUMBER: 11491659 (England and Wales)





ACCOUNTANTS: Craven Dalton
PO Box 284
Wirral
CH29 9GW

Biz Group Limited (Registered number: 11491659)

Balance Sheet
30 July 2024

30.7.24 30.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 810 755

CURRENT ASSETS
Debtors 5 25,842 19,754
Cash at bank 44,279 11,201
70,121 30,955
CREDITORS
Amounts falling due within one year 6 50,733 18,552
NET CURRENT ASSETS 19,388 12,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,198

13,158

CREDITORS
Amounts falling due after more than one
year

7

(9,863

)

(11,813

)

PROVISIONS FOR LIABILITIES (152 ) (143 )
NET ASSETS 10,183 1,202

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10,182 1,201
SHAREHOLDERS' FUNDS 10,183 1,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2024 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.

Biz Group Limited (Registered number: 11491659)

Balance Sheet - continued
30 July 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 director and authorised for issue on 25 April 2025 and were signed by:





A L Walton - Director


Biz Group Limited (Registered number: 11491659)

Notes to the Financial Statements
for the Year Ended 30 July 2024

1. STATUTORY INFORMATION

Biz Group 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 20% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Biz Group Limited (Registered number: 11491659)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 31 July 2023 396 758 1,154
Additions - 333 333
At 30 July 2024 396 1,091 1,487
DEPRECIATION
At 31 July 2023 111 288 399
Charge for year 72 206 278
At 30 July 2024 183 494 677
NET BOOK VALUE
At 30 July 2024 213 597 810
At 30 July 2023 285 470 755

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.24 30.7.23
£    £   
Trade debtors 25,842 10,678
Directors' loan accounts - 9,076
25,842 19,754

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.24 30.7.23
£    £   
Bank loans and overdrafts 2,010 2,010
Trade creditors 19,824 2,145
Tax 20,741 10,822
Social security and other taxes 481 507
VAT 6,424 2,315
Directors' loan accounts 500 -
Accrued expenses 753 753
50,733 18,552

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.7.24 30.7.23
£    £   
Bank loans - 1-2 years 2,060 2,060
Bank loans - 2-5 years 6,335 6,335
Bank loans more 5 yr by instal 1,468 3,418
9,863 11,813

Biz Group Limited (Registered number: 11491659)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.7.24 30.7.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,468 3,418

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 July 2024 and 30 July 2023:

30.7.24 30.7.23
£    £   
A L Walton
Balance outstanding at start of year 9,076 (469 )
Amounts advanced 23,734 19,545
Amounts repaid (33,310 ) (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (500 ) 9,076