Company Registration No. 08416239 (England and Wales)
Bizpedia UK Limited
Unaudited financial statements
for the year ended 31 December 2024
Pages for filing with the registrar
Bizpedia UK Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
Bizpedia UK Limited
Balance sheet
As at 31 December 2024
31 December 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
412
542
Tangible assets
4
30,004
22,957
30,416
23,499
Current assets
Debtors
5
116,060
68,193
Cash at bank and in hand
3,432
17,140
119,492
85,333
Creditors: amounts falling due within one year
6
(208,368)
(90,731)
Net current liabilities
(88,876)
(5,398)
Total assets less current liabilities
(58,460)
18,101
Creditors: amounts falling due after more than one year
7
(38,570)
(32,763)
Provisions for liabilities
-
0
(378)
Net liabilities
(97,030)
(15,040)
Capital and reserves
Called up share capital
9
1
1
Profit and loss reserves
(97,031)
(15,041)
Total equity
(97,030)
(15,040)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Bizpedia UK Limited
Balance sheet (continued)
As at 31 December 2024
31 December 2024
2
The financial statements were approved and signed by the director and authorised for issue on 12 August 2025.
Josh Williams
Director
Company Registration No. 08416239
Bizpedia UK Limited
Notes to the financial statements
For the year ended 31 December 2024
3
1
Accounting policies
Company information

Bizpedia UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Midland House, 2 Poole Road, Bournemouth, Dorset, BH2 5QY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair vale of the consideration received or receivable for marketing and networking services provided, and is shown net of VAT and other sales related taxes. In line with the cancellation policy contained in the company's terms and conditions, unless otherwise specified, income is recognised in full one month after the commencement of the period to which it relates.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Trade marks
20% straight line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% straight line basis
Bizpedia UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
1
Accounting policies (continued)
4

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Bizpedia UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
1
Accounting policies (continued)
5
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
Bizpedia UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
6
3
Intangible fixed assets
Trade marks
£
Cost
At 1 January 2024 and 31 December 2024
650
Amortisation and impairment
At 1 January 2024
108
Amortisation charged for the year
130
At 31 December 2024
238
Carrying amount
At 31 December 2024
412
At 31 December 2023
542
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
43,546
Additions
14,950
At 31 December 2024
58,496
Depreciation and impairment
At 1 January 2024
20,589
Depreciation charged in the year
7,903
At 31 December 2024
28,492
Carrying amount
At 31 December 2024
30,004
At 31 December 2023
22,957
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
52,381
11,020
Other debtors
63,679
57,173
116,060
68,193
Bizpedia UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
7
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
22,033
16,952
Trade creditors
19,271
11,057
Taxation and social security
66,748
35,511
Other creditors
100,316
27,211
208,368
90,731
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
38,570
32,763

Included within bank loans due within one year and more than one year, there are four types of borrowings.

The amount included due more than one year relates to the bounce back loan and funding circle loan. Interest is being recognised at 2.5%, 12.4% and 20.3%.

Bizpedia UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
8
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
Assets
Assets
2024
2023
2024
2023
Balances:
£
£
£
£
Accelerated capital allowances
6,733
378
-
-
Tax losses
-
-
6,733
-
6,733
378
6,733
-
2024
Movements in the year:
£
Liability at 1 January 2024
378
Credit to profit or loss
(378)
Liability at 31 December 2024
-

The carried forward trading losses of £79,334 have been utilised to bring the deferred tax position to £nil.

9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
Bizpedia UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
9
10
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Loans and Advances
2.25
35,666
72,332
327
(114,910)
(6,585)
35,666
72,332
327
(114,910)
(6,585)
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