Biz Rates UK Ltd 31/05/2026 iXBRL

Company registration number: 12561887

Biz Rates UK Ltd

Unaudited filleted abridged financial statements

31 May 2026

Biz Rates UK Ltd

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Biz Rates UK Ltd

Directors and other information


Directors	Mr Paul James Tully	(Resigned 3 October 2025)
	Mr Jonathan Guy Elwyn Weastell


Company number	12561887


Registered office	Varsity House, 2 Falcon Court
	Preston Farm Industrial Estate
	Stockton-On-Tees
	TS18 3TS


Business address	Varsity House, 2 Falcon Court
	Preston Farm Industrial Estate
	Stockton-On-Tees
	TS18 3TS


Accountants	TR Dixon & Co Ltd
	Chartered Certified Accountants
	Statutory Auditors
	Bermuda House
	1A Dinsdale Place
	Newcastle upon Tyne
	NE2 1BD




	Bankers	Lloyds Bank Plc

Biz Rates UK Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Biz Rates UK Ltd

Year ended 31 May 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Biz Rates UK Ltd for the year ended 31 May 2026 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements.

This report is made solely to the board of directors of Biz Rates UK Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Biz Rates UK Ltd and state those matters that we have agreed to state to the board of directors of Biz Rates UK Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Biz Rates UK Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Biz Rates UK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Biz Rates UK Ltd. You consider that Biz Rates UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Biz Rates UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

TR Dixon & Co Ltd

Chartered Certified Accountants

Statutory Auditors

Bermuda House

1A Dinsdale Place

Newcastle upon Tyne

NE2 1BD

29 July 2026

Biz Rates UK Ltd

Abridged statement of financial position

31 May 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	707		-
		_______		_______
			707		-

Current assets
Debtors		18,441		19,693
Cash at bank and in hand		41,686		30,496
		_______		_______
		60,127		50,189
Creditors: amounts falling due
within one year		( 11,891)		( 6,803)
		_______		_______
Net current assets			48,236		43,386
			_______		_______
Total assets less current liabilities			48,943		43,386

			_______		_______
Net assets			48,943		43,386
			_______		_______

Capital and reserves
Called up share capital	6		3		3
Profit and loss account			48,940		43,383
			_______		_______
Shareholders funds			48,943		43,386
			_______		_______

For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 May 2026 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 29 July 2026 , and are signed on behalf of the board by:

Mr Jonathan Guy Elwyn Weastell

Director

Company registration number: 12561887

Biz Rates UK Ltd

Notes to the financial statements

Year ended 31 May 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Biz Rates UK Ltd, Varsity House, 2 Falcon Court, Preston Farm Industrial Estate, Stockton-On-Tees, TS18 3TS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

5. Tangible assets


		£
	Cost
	At 1 June 2025	-
	Additions	800
		_______
	At 31 May 2026	800
		_______
	Depreciation
	At 1 June 2025	-
	Charge for the year	93
		_______
	At 31 May 2026	93
		_______
	Carrying amount
	At 31 May 2026	707
		_______
	At 31 May 2025	-
		_______

6. Called up share capital

Issued, called up and fully paid

	2026		2025
	No	£	No	£
Ordinary shares of £ 1.00 each	3	3	3	3
	_______	_______	_______	_______