Company Registration No. 8847971 (England and Wales)
Bizdaq (UK) Limited
Annual report and unaudited accounts
for the year ended 31 January 2017
Bizdaq (UK) Limited
Annual report and unaudited accounts
Contents
Bizdaq (UK) Limited
Company Information
for the year ended 31 January 2017
Directors
Mr S Mallon
Mr M E Bennison
Company Number
8847971 (England and Wales)
Registered Office
51A St Pauls Street
Leeds
West Yorkshire
LS1 2TE
Accountants
Simpson Accounting Services
2 Ledston Luck Cottages
Leeds
West Yorkshire
LS25 7BX
Bizdaq (UK) Limited
Accountants' report
Accountants' report to the board of directors of Bizdaq (UK) Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Bizdaq (UK) Limited for the year ended
31 January 2017 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Bizdaq (UK) Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Bizdaq (UK) Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bizdaq (UK) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Bizdaq (UK) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bizdaq (UK) Limited. You consider that Bizdaq (UK) Limited 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 accounts of Bizdaq (UK) Limited. 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 accounts.
Simpson Accounting Services
2 Ledston Luck Cottages
Leeds
West Yorkshire
LS25 7BX
24 February 2017
Bizdaq (UK) Limited
Statement of financial position
as at
31 January 2017
Tangible assets
4,087
4,750
Cash at bank and in hand
2,884
2,425
Creditors: amounts falling due within one year
(354,723)
(113,124)
Net current liabilities
(349,665)
(106,061)
Total assets less current liabilities
(345,578)
(101,311)
Creditors: amounts falling due after more than one year
(221,738)
(261,550)
Net liabilities
(567,316)
(362,861)
Called up share capital
31
1
Profit and loss account
(567,347)
(362,862)
Shareholders' funds
(567,316)
(362,861)
For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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.
Approved by the Board on 24 February 2017.
Mr M E Bennison
Director
Company Registration No. 8847971
Bizdaq (UK) Limited
Statement of Changes in Equity
as at
31 January 2017
Share
capital
Profit
& loss
account
Total
At 1 February 2015
1
(251,673)
(251,672)
Loss for the year
(111,189)
(111,189)
At 31 January 2016
1
(362,862)
(362,861)
At 1 February 2016
1
(362,862)
(362,861)
Loss for the year
(204,485)
(204,485)
At 31 January 2017
31
(567,347)
(567,316)
Bizdaq (UK) Limited
Notes to the Accounts
for the year ended 31 January 2017
Bizdaq (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 8847971. The registered office and principal place of business is 51A St Pauls Street, Leeds, West Yorkshire, LS1 2TE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2016
5,937
-
5,937
At 31 January 2017
6,289
250
6,539
At 1 February 2016
1,187
-
1,187
Charge for the year
1,265
-
1,265
At 31 January 2017
2,452
-
2,452
At 31 January 2017
3,837
250
4,087
At 31 January 2016
4,750
-
4,750
Bizdaq (UK) Limited
Notes to the Accounts
for the year ended 31 January 2017
Other debtors
2,174
4,638
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
15,564
4,606
Amounts owed to group undertakings and other participating interests
339,390
107,908
Other taxes and social security costs
(2,886)
-
7
Creditors: amounts falling due after more than one year
2017
2016
Amounts owed to group undertakings and other participating interests
301,349
296,449
Corporation tax
(79,611)
(34,899)
8
Average number of employees
During the year the average number of employees was 6 (2016: 5).