Company Registration No. 05852812 (England and Wales)
Bizee Cars Ltd
Unaudited accounts
for the year ended 9 September 2024
Bizee Cars Ltd
Unaudited accounts
Contents
Bizee Cars Ltd
Company Information
for the year ended 9 September 2024
Directors
Liton Miah
Mohamad Shakeel MEHRAB
Company Number
05852812 (England and Wales)
Registered Office
Lakeside Garage
48 Welley Road Wraysbury
Staines
TW19 5DJ
Bizee Cars Ltd
Statement of financial position
as at 9 September 2024
Intangible assets
233,639
241,341
Tangible assets
59,513
63,107
Cash at bank and in hand
34,514
42,224
Creditors: amounts falling due within one year
(210,954)
(352,127)
Net current liabilities
(176,440)
(309,903)
Net assets/(liabilities)
116,712
(5,455)
Called up share capital
10
10
Profit and loss account
116,702
(5,465)
Shareholders' funds
116,712
(5,455)
For the year ending 9 September 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2024 and were signed on its behalf by
Liton Miah
Director
Company Registration No. 05852812
Bizee Cars Ltd
Notes to the Accounts
for the year ended 9 September 2024
Bizee Cars Ltd is a private company, limited by shares, registered in England and Wales, registration number 05852812. The registered office is Lakeside Garage, 48 Welley Road Wraysbury, Staines, TW19 5DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing
Motor vehicles
25 reducing
Fixtures & fittings
25% reducing
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill is written off over its estimated useful life of 20 years at 5% on original cost annually.
The accompanying financial statements have been prepared as a going concern and the directors have considered this is appropriate for the foreseeable future.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Bizee Cars Ltd
Notes to the Accounts
for the year ended 9 September 2024
4
Intangible fixed assets
Goodwill
At 10 September 2023
254,044
At 9 September 2024
254,044
At 10 September 2023
12,703
At 9 September 2024
20,405
At 9 September 2024
233,639
At 9 September 2023
241,341
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 10 September 2023
73,223
10,000
921
84,144
At 9 September 2024
76,134
10,000
921
87,055
At 10 September 2023
18,306
2,500
231
21,037
Charge for the year
4,457
1,875
173
6,505
At 9 September 2024
22,763
4,375
404
27,542
At 9 September 2024
53,371
5,625
517
59,513
At 9 September 2023
54,917
7,500
690
63,107
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
32,270
7,359
Other creditors
6,458
83,959
Loans from directors
154,910
245,727
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).