Company No: 03260342 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.03.2026		30.09.2025
		£		£
Fixed assets
Tangible assets	3	187,523		186,673
		187,523		186,673
Current assets
Stocks	4	49,704		61,284
Debtors	5	113,092		132,007
Cash at bank and in hand		737,715		472,170
		900,511		665,461
Creditors: amounts falling due within one year	6	( 438,005)		( 694,117)
Net current assets/(liabilities)		462,506		(28,656)
Total assets less current liabilities		650,029		158,017
Provision for liabilities	7	( 22,807)		( 43,527)
Net assets		627,222		114,490
Capital and reserves
Called-up share capital	8	2		2
Share premium account		71,649		0
Capital redemption reserve		( 730,000 )		( 730,000 )
Profit and loss account		1,285,571		844,488
Total shareholders' funds		627,222		114,490

For the financial period ending 31 March 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 financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Buzz Networks Limited (registered number: 03260342) were approved and authorised for issue by the Board of Directors on 18 August 2026. They were signed on its behalf by:

Mark Stephen Swire Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Buzz Networks Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 6 Glenmore Business Park Blackhill Road, Holton Heath, Poole, BH16 6NL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The current accounting period covers six months and is therefore not directly comparable with the previous period, which comprised a full year.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

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. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings	3 - 5 years straight line
Computer equipment	3 - 6 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	Period from 01.10.2025 to 31.03.2026		Year ended 30.09.2025
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	20		21

3. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 October 2025	47,843		622,188		670,031
Additions	7,143		41,688		48,831
Disposals	( 3,262)		0		( 3,262)
At 31 March 2026	51,724		663,876		715,600
Accumulated depreciation
At 01 October 2025	32,949		450,409		483,358
Charge for the financial period	3,178		44,803		47,981
Disposals	( 3,262)		0		( 3,262)
At 31 March 2026	32,865		495,212		528,077
Net book value
At 31 March 2026	18,859		168,664		187,523
At 30 September 2025	14,894		171,779		186,673

4. Stocks

	31.03.2026		30.09.2025
	£		£
Stocks	49,704		61,284

5. Debtors

	31.03.2026		30.09.2025
	£		£
Trade debtors	42,222		52,558
Prepayments and accrued income	66,020		74,599
Other debtors	4,850		4,850
	113,092		132,007

6. Creditors: amounts falling due within one year

	31.03.2026		30.09.2025
	£		£
Trade creditors	9,769		25,750
Amounts owed to directors	0		2,444
Accruals and deferred income	175,100		149,517
Corporation tax	14,924		294,959
Other taxation and social security	139,108		133,848
Other creditors	99,104		87,599
	438,005		694,117

7. Deferred tax

	31.03.2026		30.09.2025
	£		£
At the beginning of financial period/year	( 43,527)		0
Credited/(charged) to the Statement of Income and Retained Earnings	20,720		( 43,527)
At the end of financial period/year	( 22,807)		( 43,527)

The deferred taxation balance is made up as follows:

	31.03.2026		30.09.2025
	£		£
Accelerated capital allowances	( 43,834)		( 43,527)
Tax losses carry forward	21,027		0
	( 22,807)		( 43,527)

8. Called-up share capital

	31.03.2026		30.09.2025
	£		£
Allotted, called-up and fully-paid
8,622 A Ordinary shares of £ 0.0001 each	0.86		0.86
6,378 B Ordinary shares of £ 0.0001 each	0.64		0.64
1,724 Ordinary shares of £ 0.0001 each (30.09.2025: nil shares)	0.17		0
	1.67		1.50

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	31.03.2026		30.09.2025
	£		£
Within one year	6,478		0
Between one and five years	29,167		35,675
	35,645		35,675

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

The pension cost charge represents contributions payable by the company to the fund and amounted to £14,981 (2025: £29,287).

10. Ultimate controlling party

Parent Company:

Indexsecond Limited

Hillcot Hazeley Bottom, Hartley Wintney, Hook, England, RG27 8LU