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Registered number: 07675829 BAZ TRADING AND INVESTMENTS LTD FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
BAZ TRADING AND INVESTMENTS LTD REGISTERED NUMBER: 07675829 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 1 |  | 1
Tangible assets | 5 |  | 16,864 |  | 22,320
|  |  | 16,865 |  | 22,321
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 44,981 |  | 37,210 |
Cash at bank and in hand | 7 | 850,035 |  | 566,724 |
|  | 895,016 |  | 603,934 |
Creditors: amounts falling due within one year | 8 | (643,516) |  | (403,068) |
Net current assets |  |  | 251,500 |  | 200,866
Total assets less current liabilities |  |  | 268,365 |  | 223,187
Creditors: amounts falling due after more than one year | 9 |  | (54,998) |  | (84,998)
Net assets |  |  | 213,367 |  | 138,189
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 61 |  | 61
Capital redemption reserve |  |  | 39 |  | 39
Profit and loss account |  |  | 213,267 |  | 138,089
|  |  | 213,367 |  | 138,189
Page 1
BAZ TRADING AND INVESTMENTS LTD REGISTERED NUMBER: 07675829 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ S Boyd
Director
Date: 18 September 2025
The notes on pages 3 to 9 form part of these financial statements. Page 2
BAZ TRADING AND INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Baz Trading and Investments Ltd is a private company limited by shares. The Company is incorporated in England & Wales and its registered address is Unit 2 Bridge House, Chamberlayne Road, Kensal Rise, London, NW10 3NR. The registered company number is 07675829. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 3
BAZ TRADING AND INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.7 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.8 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.9 | Intangible assets
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life. Page 4
BAZ TRADING AND INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.10 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Long-term leasehold property | - | 25% | Straight-line
|  |  |  | Motor vehicles | - | 25% | Straight-line
|  |  |  | Office equipment | - | 25% | Straight-line
|  |  |  | Computer equipment | - | 25% | Straight-line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.11 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.12 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.13 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.14 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Page 5
BAZ TRADING AND INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
3. | Employees
| The average monthly number of employees, including directors, during the year was 14 (2023 - 12).
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 January 2024 | 114,992
| At 31 December 2024 | 114,992
| Amortisation |
| At 1 January 2024 | 114,991
| At 31 December 2024 | 114,991
| Net book value |
| At 31 December 2024 | 1
| At 31 December 2023 | 1
Page 6
BAZ TRADING AND INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Tangible fixed assets
|  | Long-term leasehold property | Motor vehicles | Office equipment | Computer equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2024 | 36,715 | 23,066 | 76,352 | 54,150 | 190,283
| Additions | - | - | - | 165 | 165
| At 31 December 2024 | 36,715 | 23,066 | 76,352 | 54,315 | 190,448
| Depreciation |  |  |  |  |
| At 1 January 2024 | 18,359 | 22,207 | 76,351 | 51,046 | 167,963
| Charge for the year on owned assets | 4,589 | 215 | - | 817 | 5,621
| At 31 December 2024 | 22,948 | 22,422 | 76,351 | 51,863 | 173,584
| Net book value |  |  |  |  |
| At 31 December 2024 | 13,767 | 644 | 1 | 2,452 | 16,864
| At 31 December 2023 | 18,356 | 859 | 1 | 3,104 | 22,320
6. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 44,981 | 36,507
| Other debtors | - | 703
|  | 44,981 | 37,210
Page 7
BAZ TRADING AND INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 850,035 | 566,724
|  | 850,035 | 566,724
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 27,716 | 21,020
| Other taxation and social security | 301,812 | 175,549
| Other creditors | 283,457 | 203,669
| Accruals and deferred income | 30,531 | 2,830
|  | 643,516 | 403,068
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 54,998 | 84,998
|  | 54,998 | 84,998
Page 8
BAZ TRADING AND INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts falling due 2-5 years |  |
| Bank loans | 54,998 | 84,998
|  | 54,998 | 84,998
|  | 54,998 | 84,998
Page 9