Bizantec Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04786292 (England and Wales)

Financial Statements for the Year Ended 31 March 2019

for

Bizantec Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G L Price

SECRETARY:

Mrs F Price

REGISTERED OFFICE:

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

REGISTERED NUMBER:

04786292 (England and Wales)

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Tangible assets

4

6,438

6,793

CURRENT ASSETS

Debtors

5

101

3,378

Cash at bank

2,755

4,056

2,856

7,434

CREDITORS

Amounts falling due within one year

6

12,244

4,428

NET CURRENT (LIABILITIES)/ASSETS

(9,388

)

3,006

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,950

)

9,799

PROVISIONS FOR LIABILITIES

1,223

1,290

NET (LIABILITIES)/ASSETS

(4,173

)

8,509

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(4,183

)

8,499

SHAREHOLDERS' FUNDS

(4,173

)

8,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 21 January 2020 and were signed by:

G L Price - Director

1.	STATUTORY INFORMATION

Bizantec Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current tax recognised as the amount of tax payable using the tax rates and laws that have been enacted

or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is not recognised in respect of any timing differences that have originated but not reversed at the balance sheet date since

the amount is not considered to be material.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 April 2018

3,981

19,403

23,384

Additions

-

1,255

1,255

At 31 March 2019

3,981

20,658

24,639

DEPRECIATION

At 1 April 2018

3,005

13,586

16,591

Charge for year

196

1,414

1,610

At 31 March 2019

3,201

15,000

18,201

NET BOOK VALUE

At 31 March 2019

780

5,658

6,438

At 31 March 2018

976

5,817

6,793

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

101

3,378

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other creditors

12,244

4,428