REGISTERED NUMBER: 03016401 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

BYZANTINE OVERSEAS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms S L Sinclair

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

03016401 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

1,238

1,654

CURRENT ASSETS

Debtors

5

30,819

25,458

Cash at bank

8,449

6,480

39,268

31,938

CREDITORS

Amounts falling due within one year

6

(27,986

)

(30,071

)

NET CURRENT ASSETS

11,282

1,867

TOTAL ASSETS LESS CURRENT LIABILITIES

12,520

3,521

PROVISIONS FOR LIABILITIES

(310

)

(414

)

NET ASSETS

12,210

3,107

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

12,207

3,104

12,210

3,107

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

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

The director acknowledges her 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 30 October 2025 and were signed by:

Ms S L Sinclair - Director

1.	STATUTORY INFORMATION

Byzantine Overseas 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

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 NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

165

10,309

10,474

DEPRECIATION

At 1 February 2024

12

8,808

8,820

Charge for year

41

375

416

At 31 January 2025

53

9,183

9,236

NET BOOK VALUE

At 31 January 2025

112

1,126

1,238

At 31 January 2024

153

1,501

1,654

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15,396

4,575

Other debtors

6,160

6,452

Directors' loan accounts

9,113

14,093

Prepayments

150

338

30,819

25,458

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,418

2,810

Tax

7,381

4,683

Social security and other taxes

2,048

1,628

Other creditors

1,422

1,072

Deferred income

14,717

19,748

Accrued expenses

-

130

27,986

30,071

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

Ms S L Sinclair

Balance outstanding at start of year

14,092

15,091

Amounts advanced

47,727

43,996

Amounts repaid

(52,706

)

(44,995

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,113

14,092

This balance represented the maximum amount outstanding during the year. 2.25% Interest is charged on any overdrawn amounts at the beneficial loan interest rate.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms S L Sinclair.

This was by virtue of her 100%, holding of the issued share capital.