Bidurk Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Bidurk Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12569824 . The registered office is 5 Cornfield Terrace, Eastbourne, United Kingdom, BN21 4NN.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Significant judgements and estimations

No significant judgements have had to be made by the directors in preparing these financial statements.

The directors have made key assumptions in the determination of the value of the amounts recoverable on contracts.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities of the actual completion of a proportion of the total services to be rendered.

When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

2.4. Research and Development

Costs incurred in relation to the research and development of software are written off to the statement of profit or loss in the period that they arise. As such, there is no intangible asset in relation to research and development.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases, assets held under finance leases are depreciated in the same way as owned assets:

Fixtures & Fittings	25% reducing balance
Computer Equipment	3 year straight line

Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Assets held under finance leases are depreciated in the same way as owned assets.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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Bidurk Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

The financial statements are presented in Sterling, which is also the functional currency of the company. Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

2.8. Taxation

Taxation represents the sum of the tax currently payable and deferred tax.

The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 2 (2024: 2)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	-	1,309	1,309
Additions	2,174	-	2,174

As at 31 March 2025	2,174	1,309	3,483

Depreciation
As at 1 April 2024	-	436	436
Provided during the period	369	436	805

As at 31 March 2025	369	872	1,241

...CONTINUED

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Bidurk Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	1,805	437	2,242

As at 1 April 2024	-	873	873

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,800	183
Amounts recoverable on contracts	51,276	42,672
Other debtors	65,942	40,956
Directors' loan accounts	143,396	121,352

	265,414	205,163

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	57,097	57,000
Corporation tax	115,925	64,751
Other taxes and social security	2,946	-
VAT	5,167	13,371
Other creditors	28,428	121,674
Accruals and deferred income	196,451	33,890

	406,014	290,686

7. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Thomas Breeze	121,352	52,124	(30,080 )	-	143,396

The above loan is unsecured and repayable on demand. Interest of £2,727 (2024 - £1,128) has been charged in accordance with HMRC beneficical loan arrangements.

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Bidurk Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Related Party Transactions

Included in other debtors is a balance of £17,479 (2024 - £79,913 creditor) due from Video Results Ltd, a connected company. This loan is unsecured, interest free and repayable on demand.

During the year a management charge of £155,000 (2024 - £79,500) was levied by Video Results Ltd, a connected company. At the year end, £57,000 (2024 - £57,000) was outstanding and included in trade creditors. An additional amount of £187,000 (2024 - £32,000) is also included in accruals.

Included in other debtors is a balance of £67 (2025 - £NIL) due from TomBreezeTV Ltd, a connected company. This loan is unsecured, interest free and repayable on demand.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,242		873

			2,242		873
CURRENT ASSETS
Debtors	5	265,414		205,163
Cash at bank and in hand		233,992		167,417

		499,406		372,580
Creditors: Amounts Falling Due Within One Year	6	(406,014 )		(290,686 )

NET CURRENT ASSETS (LIABILITIES)			93,392		81,894

TOTAL ASSETS LESS CURRENT LIABILITIES			95,634		82,767

PROVISIONS FOR LIABILITIES
Deferred Taxation			(560 )		(218 )

NET ASSETS			95,074		82,549

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			94,974		82,449

SHAREHOLDERS' FUNDS			95,074		82,549