The Bizzi Company Ltd iXBRL

Company Registration Number: NI620247

The Bizzi Company Ltd

Unaudited Financial Statements

for the financial year ended 30 September 2025

The Bizzi Company Ltd

Company Registration Number: NI620247

BALANCE SHEET

as at 30 September 2025

		2025	2024
	Notes	£	£

Fixed Assets

Intangible assets

28,786

28,786

Tangible assets

146

193

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Fixed Assets

28,932

28,979

─────────

Current Assets

Stocks

991

1,006

Creditors: amounts falling due within one year

(68,635)

(69,411)

─────────

Net Current Liabilities

(67,644)

(68,405)

─────────

Total Assets less Current Liabilities

(38,712)

(39,426)

Creditors:

amounts falling due after more than one year

(71,513)

(67,079)

Provisions for liabilities

30,107

29,188

Government grants

(4,460)

(4,460)

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Net Liabilities

(84,578)

(81,777)

═════════

Capital and Reserves

Called up share capital

120

120

Share premium account

9,994

9,994

Retained earnings

(94,692)

(91,891)

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Equity attributable to owners of the company

(84,578)

(81,777)

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 8 June 2026



________________________________
Ms. Sharon McGillion
Director

The Bizzi Company Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 September 2025

General Information

The Bizzi Company Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 11 Tudor Grove, Omagh, Co Tyrone, Northern Ireland. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 30 September 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Intangible assets

Intellectual Property

Intellectual Property are valued at cost less accumulated amortisation.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

20% Reducing Balance

Website

25% Reducing Balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Borrowing costs

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Government grants

Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Going concern

The balance sheet shows a deficiency of assets on a historical cost basis of £84,578. The director considers the preparation of accounts on the going concern basis to be a appropriate for the following reasons: - (1) £85,765 of the deficiency has been created by the existence of loans from the director and her relatives and these loans are not repayable in the foreseeable future (2) The director used this year to explore other markets and has various lines of enquiry and is confident that new deals will be secured and believes this company will make profits in the next 12 months.

Intangible assets

Intellectual

Property

Total

Cost

At 1 October 2024

28,786

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At 30 September 2025

28,786

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Net book value

At 30 September 2025

28,786

═════════

At 30 September 2024

28,786

═════════

No depreciation charged as there is continuing expenditure on Intellectual Property.


5.	Tangible assets
		Plant and	Website	Total
		machinery

		£	£	£
	Cost
	At 1 October 2024	274	4,000	4,274
		─────────	─────────	─────────

	At 30 September 2025	274	4,000	4,274
		─────────	─────────	─────────
	Depreciation
	At 1 October 2024	250	3,831	4,081
	Charge for the financial year	5	42	47
		─────────	─────────	─────────
	At 30 September 2025	255	3,873	4,128
		─────────	─────────	─────────
	Net book value
	At 30 September 2025	19	127	146
		═════════	═════════	═════════
	At 30 September 2024	24	169	193
		═════════	═════════	═════════


6.	Stocks	2025	2024
		£	£

	Finished goods and goods for resale	991	1,006
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.


7.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Bank overdrafts	11,461	11,289
	Other loans	54,774	55,400
	Trade creditors	-	322
	Accruals	2,400	2,400
		─────────	─────────
		68,635	69,411
		═════════	═════════


8.	Creditors	2025	2024
	Amounts falling due after more than one year	£	£

	Other Loans	25,049	26,925
	Director's loan accounts	46,464	40,154
		─────────	─────────
		71,513	67,079
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 7)	66,235	66,689
	Repayable between one and two years	3,795	5,750
	Repayable between two and five years	1,554	1,475
	Repayable in five years or more	19,700	19,700
		─────────	─────────
		91,284	93,614
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Losses

Total

Total

allowances

2025

2024

At financial year start

(29,194)

(29,188)

(21,525)

Charged to profit and loss

(1)

(918)

(919)

(7,663)

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At financial year end

(30,112)

(30,107)

(29,188)

═════════


10.	Government Grants Deferred	2025	2024
		£	£

	Capital grants received and receivable
	At 1 October 2024	9,041	9,041
		─────────	─────────
	Amortisation
	At 1 October 2024	(4,581)	(4,581)
		─────────	─────────
	Net book value
	At 30 September 2025	4,460	4,460
		═════════	═════════
	At 1 October 2024	4,460	4,460
		═════════	═════════

11.

Reserves

Share Premium Reserve

The amount carried forward is the premium that arose from the issue of shares in 2014.

12.

Related party transactions

The director of The Bizzi Company Ltd had an opening directors loan account of £40,154. During the year The Bizzi Company Ltd borrowed £6,310 from the director. At the year end the company owes the director £46,464 (2024: £40,154) and this is included in the creditors section of the balance sheet.