Biz Minds (UK) Limited - Accounts to registrar (filleted) - small 18.2

Biz Minds (UK) Limited - Accounts to registrar (filleted) - small 18.2

BIZ MINDS (UK) LIMITED - Company Information

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IRIS Accounts Production v22.1.0.628 09248361 Board of Directors 30.10.19 29.4.21 29.4.21 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure092483612019-10-29092483612021-04-29092483612019-10-302021-04-29092483612018-10-31092483612018-11-012019-10-29092483612019-10-2909248361ns16:EnglandWales2019-10-302021-04-2909248361ns15:PoundSterling2019-10-302021-04-2909248361ns11:Director12019-10-302021-04-2909248361ns11:PrivateLimitedCompanyLtd2019-10-302021-04-2909248361ns11:SmallEntities2019-10-302021-04-2909248361ns11:AuditExempt-NoAccountantsReport2019-10-302021-04-2909248361ns11:SmallCompaniesRegimeForDirectorsReport2019-10-302021-04-2909248361ns11:SmallCompaniesRegimeForAccounts2019-10-302021-04-2909248361ns11:FullAccounts2019-10-302021-04-2909248361ns11:OrdinaryShareClass12019-10-302021-04-2909248361ns11:OrdinaryShareClass22019-10-302021-04-2909248361ns11:Director22019-10-302021-04-2909248361ns11:RegisteredOffice2019-10-302021-04-2909248361ns6:CurrentFinancialInstruments2021-04-2909248361ns6:CurrentFinancialInstruments2019-10-2909248361ns6:Non-currentFinancialInstruments2021-04-2909248361ns6:Non-currentFinancialInstruments2019-10-2909248361ns6:ShareCapital2021-04-2909248361ns6:ShareCapital2019-10-2909248361ns6:SharePremium2021-04-2909248361ns6:SharePremium2019-10-2909248361ns6:RetainedEarningsAccumulatedLosses2021-04-2909248361ns6:RetainedEarningsAccumulatedLosses2019-10-2909248361ns6:CurrentFinancialInstrumentsns6:WithinOneYear2021-04-2909248361ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-10-2909248361ns11:OrdinaryShareClass12021-04-2909248361ns11:OrdinaryShareClass22021-04-29
REGISTERED NUMBER: 09248361 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 OCTOBER 2019 TO 29 APRIL 2021

FOR

BIZ MINDS (UK) LIMITED
BIZ MINDS (UK) LIMITED (REGISTERED NUMBER: 09248361)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 OCTOBER 2019 TO 29 APRIL 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BIZ MINDS (UK) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 30 OCTOBER 2019 TO 29 APRIL 2021







DIRECTORS: C J Bamford
R C Ellis





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 09248361 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL
Page 1
BIZ MINDS (UK) LIMITED (REGISTERED NUMBER: 09248361)

BALANCE SHEET
29 APRIL 2021

29.4.21 29.10.19
Notes £    £   
CURRENT ASSETS
Debtors 4 199,671 149,924
Cash at bank 4,946 645
204,617 150,569
CREDITORS
Amounts falling due within one year 5 78,275 40,195
NET CURRENT ASSETS 126,342 110,374
TOTAL ASSETS LESS CURRENT
LIABILITIES
126,342
110,374

CREDITORS
Amounts falling due after more than one
year
6
50,240
-
NET ASSETS 76,102 110,374

CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium 24,975 24,975
Retained earnings 51,027 85,299
SHAREHOLDERS' FUNDS 76,102 110,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 April 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 April 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2022 and were signed on its behalf by:





R C Ellis - Director


The notes form part of these financial statements

Page 2
BIZ MINDS (UK) LIMITED (REGISTERED NUMBER: 09248361)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 OCTOBER 2019 TO 29 APRIL 2021


1. STATUTORY INFORMATION

Biz Minds (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of software development services, excluding Value Added Tax.

Turnover is recognised in the period that services are provided.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2019 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.21 29.10.19
£    £   
Trade debtors 9,798 45,263
Other debtors 189,873 104,661
199,671 149,924

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.21 29.10.19
£    £   
Trade creditors 329 3,000
Taxation and social security 67,571 35,396
Other creditors 10,375 1,799
78,275 40,195

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.4.21 29.10.19
£    £   
Other creditors 50,240 -

Page 3
BIZ MINDS (UK) LIMITED (REGISTERED NUMBER: 09248361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 OCTOBER 2019 TO 29 APRIL 2021


7. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 29.4.21 29.10.19
value: £    £   
75 A Ordinary £1.00 75 75
25 B Ordinary £1.00 25 25
100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 29 April 2021 and 29 October 2019:

29.4.21 29.10.19
£    £   
Director
Balance outstanding at start of period 38,142 35,709
Amounts advanced 247,587 78,934
Amounts repaid (123,290 ) (76,501 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 162,439 38,142

Director
Balance outstanding at start of period - -
Amounts advanced 5,436 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 5,436 -

Interest is charged on the loan to the director at a rate of 2.5% per annum.

Page 4