REGISTERED NUMBER: 08085977 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

BIZ SMARTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr K Brent

REGISTERED OFFICE:

The Lobin

53 Monument Lane

Lickey

Worcestershire

B45 9QQ

REGISTERED NUMBER:

08085977 (England and Wales)

ACCOUNTANTS:

SRC Accountancy Services Limited

3 The Mill

Stuart Works

High Street

Wordsley

West Midlands

DY8 4FA

FIXED ASSETS

Tangible assets

4

2,449

3,062

CURRENT ASSETS

Stocks

198

1,793

Debtors

5

5,311

30,421

Cash at bank

4,102

4,748

9,611

36,962

CREDITORS

Amounts falling due within one year

6

80,291

34,242

NET CURRENT (LIABILITIES)/ASSETS

(70,680

)

2,720

TOTAL ASSETS LESS CURRENT LIABILITIES

(68,231

)

5,782

CREDITORS

Amounts falling due after more than one year

7

44,086

101,811

NET LIABILITIES

(112,317

)

(96,029

)

CAPITAL AND RESERVES

Called up share capital

95

95

Retained earnings

(112,412

)

(96,124

)

SHAREHOLDERS' FUNDS

(112,317

)

(96,029

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 15 August 2025 and were signed by:

Mr K Brent - Director

1.	STATUTORY INFORMATION

BIZ SMARTS LTD 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.

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

-

25% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

13,736

DEPRECIATION

At 1 April 2024

10,674

Charge for year

613

At 31 March 2025

11,287

NET BOOK VALUE

At 31 March 2025

2,449

At 31 March 2024

3,062

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

3,451

11,063

Amounts owed by group undertakings

1,860

-

Other debtors

-

19,358

5,311

30,421

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

15,765

7,616

Trade creditors

1,445

7,916

Taxation and social security

9,542

9,210

Other creditors

53,539

9,500

80,291

34,242

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

44,086

101,811

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The controlling party is Mr K Brent.

The control is by virtue of their majority shareholding and control in the Ultimate Parent Company, BizSmart Holdings Ltd.