REGISTERED NUMBER: 06150507 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BUSINESS SYSTEMS GROUP (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr N J Gerard

Mr G E Reis

REGISTERED OFFICE:

Ground Floor Marlborough House,

298 Regents Park Road,

London,

United Kingdom

N3 2SZ

REGISTERED NUMBER:

06150507 (England and Wales)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

CURRENT ASSETS

Debtors

5

54,286

39,549

Cash at bank

698,930

688,588

753,216

728,137

CREDITORS

Amounts falling due within one year

6

868,533

817,956

NET CURRENT LIABILITIES

(115,317

)

(89,819

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(115,317

)

(89,819

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

(115,318

)

(89,820

)

SHAREHOLDERS' FUNDS

(115,317

)

(89,819

)

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 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 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 15 December 2025 and were signed on its behalf by:

Mr G E Reis - Director

1.	STATUTORY INFORMATION

Business Systems Group (Uk) 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, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

Tangible fixed assets

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

Computer Software 33% on cost

Equipment 20% on cost

Computer Equipment 33% on cost

Going concern disclosure

The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

Computer

Computer

Equipment

software

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

356

4,458

27,458

32,272

DEPRECIATION

At 1 April 2024

and 31 March 2025

356

4,458

27,458

32,272

NET BOOK VALUE

At 31 March 2025

-

-

-

-

At 31 March 2024

-

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

(4,644

)

(4,644

)

Other debtors

58,930

44,158

VAT

-

35

54,286

39,549

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

-

3,956

VAT

6,731

-

Other creditors

77

-

Accruals and deferred income

861,725

814,000

868,533

817,956

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

10,000

Ordinary

0.01p

1

1

8.

RESERVES

Retained

earnings

£

At 1 April 2024

(89,820

)

Deficit for the year

(25,498

)

At 31 March 2025

(115,318

)

9.	RELATED PARTY DISCLOSURES

Included under debtors, due within one year, are balances owed by related parties of £58,930 (2024: £44,158). These balances are unsecured, carry no interest and have no fixed terms of repayment.

10.	ULTIMATE CONTROLLING PARTY

The controlling parties are the company directors by virtue of their shareholdings.

11.

TAXATION

The company has carried forward the loss of £206,539 (2024: £181,041) which it can use against future taxable profit.