Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 01730184 Mr Nicholas Bizzell Mrs Valerie Bizzell Mr William Bizzell false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01730184 2024-03-31 01730184 2025-03-31 01730184 2024-04-01 2025-03-31 01730184 frs-core:CurrentFinancialInstruments 2025-03-31 01730184 frs-core:Non-currentFinancialInstruments 2025-03-31 01730184 frs-core:FurnitureFittings 2025-03-31 01730184 frs-core:FurnitureFittings 2024-04-01 2025-03-31 01730184 frs-core:FurnitureFittings 2024-03-31 01730184 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 01730184 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 01730184 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 01730184 frs-core:MotorVehicles 2025-03-31 01730184 frs-core:MotorVehicles 2024-04-01 2025-03-31 01730184 frs-core:MotorVehicles 2024-03-31 01730184 frs-core:ShareCapital 2025-03-31 01730184 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 01730184 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01730184 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 01730184 frs-bus:SmallEntities 2024-04-01 2025-03-31 01730184 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01730184 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01730184 1 2024-04-01 2025-03-31 01730184 frs-bus:Director1 2024-04-01 2025-03-31 01730184 frs-bus:Director2 2024-04-01 2025-03-31 01730184 frs-bus:Director3 2024-04-01 2025-03-31 01730184 frs-countries:EnglandWales 2024-04-01 2025-03-31 01730184 2023-03-31 01730184 2024-03-31 01730184 2023-04-01 2024-03-31 01730184 frs-core:CurrentFinancialInstruments 2024-03-31 01730184 frs-core:Non-currentFinancialInstruments 2024-03-31 01730184 frs-core:WithinOneYear 2024-03-31 01730184 frs-core:ShareCapital 2024-03-31 01730184 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 01730184
Bizzell Paper Company Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Freeman Lunn
Accountants & Business Advisers
11 Marlings Park Avenue
Chislehurst
Kent
BR7 6QN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 01730184
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 52,497 70,805
52,497 70,805
CURRENT ASSETS
Stocks 4 18,549 25,073
Debtors 5 880,223 957,576
Cash at bank and in hand 266,980 225,701
1,165,752 1,208,350
Creditors: Amounts Falling Due Within One Year 6 (881,596 ) (914,327 )
NET CURRENT ASSETS (LIABILITIES) 284,156 294,023
TOTAL ASSETS LESS CURRENT LIABILITIES 336,653 364,828
Creditors: Amounts Falling Due After More Than One Year 7 (5,000 ) (35,000 )
NET ASSETS 331,653 329,828
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Profit and Loss Account 321,653 319,828
SHAREHOLDERS' FUNDS 331,653 329,828
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Bizzell
Director
23/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold By equal instalments over the lease period
Motor Vehicles 25% per annum on book reducing balance
Fixtures & Fittings 25% per annum on book reducing balance
1.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors.

1.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
1.6. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
No provision is made for deferred tax as a result of timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.
1.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
Page 2
Page 3
3. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 34,948 104,611 29,928 169,487
As at 31 March 2025 34,948 104,611 29,928 169,487
Depreciation
As at 1 April 2024 25,725 50,608 22,349 98,682
Provided during the period 2,912 13,501 1,895 18,308
As at 31 March 2025 28,637 64,109 24,244 116,990
Net Book Value
As at 31 March 2025 6,311 40,502 5,684 52,497
As at 1 April 2024 9,223 54,003 7,579 70,805
Included above are assets held under finance leases or hire purchase contracts with a net book value of £0 (2024 £24,956)
4. Stocks
2025 2024
£ £
Materials 18,549 25,073
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 867,642 945,179
Prepayments and accrued income 12,581 12,397
880,223 957,576
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 25,975
Trade creditors 785,931 781,560
Bank loans and overdrafts 30,000 30,000
Corporation tax 12,427 7,096
Other taxes and social security 39,574 50,799
Accruals and deferred income 13,664 18,897
881,596 914,327
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 5,000 35,000
Page 3
Page 4
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 25,975
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,000 10,000
10. Related Party Transactions
The company paid rent of £42,000 (2024 £36,500) to UB5 Property Limited, a company of which Mr N W Bizzell is a director and substantial shareholder. This is in accordance with lease arrangements and is a commercial market rent. Debtors include a sum of £1,900 (2024 £3,055) advanced as a loan to UB5 Property Limited. The advance is interest free and repayable on demand.
11. Controlling Party
The company's controlling parties are Mr Nicholas William Bizzell and Mr Lloyd Peter Gregory by virtue of their ownership of 60% of the issued share capital in the company.
12. Bank borrowings
Bank facilities are secured by way of a mortgage debenture dated 11 November 1988 including a specific charge over book debts. The liability at the balance sheet date was £7,077 (2024 £5,756).
Page 4