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REGISTERED NUMBER: 03998783 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Bazco Limited
Bazco Limited (Registered number: 03998783)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bazco Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: A H Brown
E E Brown
Mrs M Brown
B G Brown





SECRETARY: E E Brown





REGISTERED OFFICE: The Coach House
171 Richmond Park Road
Bournemouth
Dorset
BH8 8UB





REGISTERED NUMBER: 03998783 (England and Wales)





ACCOUNTANTS: Prosper Accountancy & Tax
204 Bourne House
23 Hinton Road
Bournemouth
Dorset
BH1 2EF
Page 1
Bazco Limited (Registered number: 03998783)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 80,158 43,061
80,158 43,061

CURRENT ASSETS
Stocks 200 200
Debtors 6 310,546 238,223
Cash at bank and in hand 44,761 20,096
355,507 258,519
CREDITORS
Amounts falling due within one year 7 303,203 203,805
NET CURRENT ASSETS 52,304 54,714
TOTAL ASSETS LESS CURRENT
LIABILITIES
132,462
97,775

CREDITORS
Amounts falling due after more than one year 8 63,417 38,242
NET ASSETS 69,045 59,533

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,945 59,433
69,045 59,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
Bazco Limited (Registered number: 03998783)

Balance Sheet - continued
30 September 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:





E E Brown - Director


The notes form part of these financial statements

Page 3
Bazco Limited (Registered number: 03998783)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Bazco Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 4 continued...
Bazco Limited (Registered number: 03998783)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 185,000
AMORTISATION
At 1 October 2023
and 30 September 2024 185,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 200,047
Additions 57,917
At 30 September 2024 257,964
DEPRECIATION
At 1 October 2023 156,986
Charge for year 20,820
At 30 September 2024 177,806
NET BOOK VALUE
At 30 September 2024 80,158
At 30 September 2023 43,061

Page 5 continued...
Bazco Limited (Registered number: 03998783)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 209,904 132,429
Other debtors 100,642 105,794
310,546 238,223

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 14,976 7,645
Trade creditors 173,624 74,457
Taxation and social security 32,668 39,466
Other creditors 71,935 72,237
303,203 203,805

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 7,500 17,500
Hire purchase contracts 55,917 20,742
63,417 38,242

Page 6