Busy Lizzy Mum Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07754378 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2023

FOR

BUSY LIZZY MUM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S L Batterbury

M Clabby

J Clabby

REGISTERED OFFICE:

Swatton Barn

Badbury

Swindon

SN4 0EU

REGISTERED NUMBER:

07754378 (England and Wales)

ACCOUNTANTS:

d&t

Chartered Accountants

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

FIXED ASSETS

Intangible assets

4

1,289

1,933

Tangible assets

5

4,719

6,550

6,008

8,483

CURRENT ASSETS

Debtors

6

24,013

62,750

Cash at bank

83,511

64,378

107,524

127,128

CREDITORS

Amounts falling due within one year

7

64,903

72,781

NET CURRENT ASSETS

42,621

54,347

TOTAL ASSETS LESS CURRENT LIABILITIES

48,629

62,830

CREDITORS

Amounts falling due after more than one year

8

(43,500

)

(61,500

)

PROVISIONS FOR LIABILITIES

(1,178

)

(1,242

)

NET ASSETS

3,951

88

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,851

(12

)

SHAREHOLDERS' FUNDS

3,951

88

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 20 February 2024 and were signed on its behalf by:

J Clabby - Director

1.	STATUTORY INFORMATION

Busy Lizzy Mum 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of five years.

TANGIBLE FIXED ASSETS

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

Plant and machinery etc

-

25% on reducing balance

TAXATION

Taxation for the year 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 or deferred 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.

DEFERRED TAX

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2022

and 31 August 2023

15,796

AMORTISATION

At 1 September 2022

13,863

Charge for year

644

At 31 August 2023

14,507

NET BOOK VALUE

At 31 August 2023

1,289

At 31 August 2022

1,933

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2022

25,815

Additions

333

At 31 August 2023

26,148

DEPRECIATION

At 1 September 2022

19,265

Charge for year

2,164

At 31 August 2023

21,429

NET BOOK VALUE

At 31 August 2023

4,719

At 31 August 2022

6,550

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

8,453

40,982

Other debtors

15,560

21,768

24,013

62,750

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

18,000

18,000

Hire purchase contracts (see note 9)

-

12,100

Taxation and social security

39,073

32,414

Other creditors

7,830

10,267

64,903

72,781

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

43,500

61,500

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023

2022

£

£

Net obligations repayable:

Within one year

-

12,100

At 31st August 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those assets of £____ (2022 - £3,101).

10.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Hire purchase contracts

-

12,100

There is a fixed and floating charge over all assets in the Company dated 7 May 2020.

11.	RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market

conditions, including dividend payments to it's shareholders.

During the year one of the Participator's repaid £1,750 towards an overdrawn loan account.

12.	LOANS WITH PARTICIPATORS

During the year, the directors were advanced £13,247 by the company, and they repaid £14,804 before the year end.