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Company Registration No. 07154586 (England and Wales)
Biz Accounting Ltd Unaudited accounts for the year ended 31 December 2024
Biz Accounting Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Biz Accounting Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
34,380 
9,667 
Investments
5
310,086 
310,086 
344,466 
319,753 
Current assets
Debtors
6
40,888 
35,209 
Cash at bank and in hand
59,315 
70,419 
100,203 
105,628 
Creditors: amounts falling due within one year
7
(127,051)
(119,661)
Net current liabilities
(26,848)
(14,033)
Total assets less current liabilities
317,618 
305,720 
Creditors: amounts falling due after more than one year
8
(22,847)
(33,441)
Net assets
294,771 
272,279 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
294,770 
272,278 
Shareholders' funds
294,771 
272,279 
For the year ending 31 December 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 director acknowledges her 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 and authorised for issue on 19 September 2025 and were signed on its behalf by
Kiruthiga Yohamoorty Director Company Registration No. 07154586
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Biz Accounting Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Biz Accounting Ltd is a private company, limited by shares, registered in England and Wales, registration number 07154586. The registered office is 14 Village Way East, Harrow, London, Middlesex, HA2 7LU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
over 4 years
Motor vehicles
4 Years
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
62,856 
- 
62,856 
Additions
1,047 
40,040 
41,087 
At 31 December 2024
63,903 
40,040 
103,943 
Depreciation
At 1 January 2024
53,189 
- 
53,189 
Charge for the year
6,364 
10,010 
16,374 
At 31 December 2024
59,553 
10,010 
69,563 
Net book value
At 31 December 2024
4,350 
30,030 
34,380 
At 31 December 2023
9,667 
- 
9,667 
5
Investments
Other investments 
£ 
Valuation at 1 January 2024
310,086 
Valuation at 31 December 2024
310,086 
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Biz Accounting Ltd Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
40,888 
35,209 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
7,945 
177 
Taxes and social security
15,292 
31,077 
Other creditors
103,814 
88,407 
127,051 
119,661 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,847 
33,441 
9
Average number of employees
During the year the average number of employees was 6 (2023: 7).
- 5 -