IRIS Accounts Production v18.3.0.590 09622961 Board of Directors 1.7.17 30.6.18 30.6.18 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure096229612017-06-30096229612018-06-30096229612017-07-012018-06-30096229612016-06-30096229612016-07-012017-06-30096229612017-06-3009622961ns15:EnglandWales2017-07-012018-06-3009622961ns14:PoundSterling2017-07-012018-06-3009622961ns10:Director12017-07-012018-06-3009622961ns10:PrivateLimitedCompanyLtd2017-07-012018-06-3009622961ns10:SmallEntities2017-07-012018-06-3009622961ns10:AuditExempt-NoAccountantsReport2017-07-012018-06-3009622961ns10:SmallCompaniesRegimeForDirectorsReport2017-07-012018-06-3009622961ns10:SmallCompaniesRegimeForAccounts2017-07-012018-06-3009622961ns10:FullAccounts2017-07-012018-06-3009622961ns10:Director22017-07-012018-06-3009622961ns10:Director32017-07-012018-06-3009622961ns10:Director42017-07-012018-06-3009622961ns10:Director52017-07-012018-06-3009622961ns10:RegisteredOffice2017-07-012018-06-3009622961ns5:CurrentFinancialInstruments2018-06-3009622961ns5:CurrentFinancialInstruments2017-06-3009622961ns5:ShareCapital2018-06-3009622961ns5:ShareCapital2017-06-3009622961ns5:SharePremium2018-06-3009622961ns5:SharePremium2017-06-3009622961ns5:RetainedEarningsAccumulatedLosses2018-06-3009622961ns5:RetainedEarningsAccumulatedLosses2017-06-3009622961ns5:FurnitureFittings2017-06-3009622961ns5:ComputerEquipment2017-06-3009622961ns5:FurnitureFittings2017-07-012018-06-3009622961ns5:ComputerEquipment2017-07-012018-06-3009622961ns5:FurnitureFittings2018-06-3009622961ns5:ComputerEquipment2018-06-3009622961ns5:FurnitureFittings2017-06-3009622961ns5:ComputerEquipment2017-06-3009622961ns5:AdditionsToInvestments2018-06-3009622961ns5:CostValuation2018-06-3009622961ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-06-3009622961ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-06-3009622961ns5:Non-currentFinancialInstruments2018-06-3009622961ns5:Non-currentFinancialInstruments2017-06-30


REGISTERED NUMBER: 09622961 (England and Wales)















Advizzo Ltd

Unaudited Financial Statements for the Year Ended 30 June 2018






Advizzo Ltd (Registered number: 09622961)






Contents of the Financial Statements
for the Year Ended 30 June 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Advizzo Ltd

Company Information
for the Year Ended 30 June 2018







DIRECTORS: A Calzarossa
P Guillouzic
J Lancha
I Peters
P Urban





REGISTERED OFFICE: 24 Undine Road
London
E14 9UW





REGISTERED NUMBER: 09622961 (England and Wales)






Advizzo Ltd (Registered number: 09622961)

Balance Sheet
30 June 2018

30.6.18 30.6.17
Notes £ £
FIXED ASSETS
Tangible assets 4 6,394 4,442
Investments 5 9,102 -
15,496 4,442

CURRENT ASSETS
Debtors 6 450,589 381,352
Cash at bank 317,560 380,524
768,149 761,876
CREDITORS
Amounts falling due within one year 7 (102,530 ) (109,964 )
NET CURRENT ASSETS 665,619 651,912
TOTAL ASSETS LESS CURRENT LIABILITIES 681,115 656,354

CAPITAL AND RESERVES
Called up share capital 521 479
Share premium 1,542,187 899,809
Retained earnings (861,593 ) (243,934 )
681,115 656,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 24 October 2018 and were signed on its behalf by:





P Guillouzic - Director


Advizzo Ltd (Registered number: 09622961)

Notes to the Financial Statements
for the Year Ended 30 June 2018

1. STATUTORY INFORMATION

Advizzo Limited is a private company, limited by shares and 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
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies
and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and
Republic of Ireland ("FRS 102") and the Companies Act 2006. The presentational and functional currency of these financial statements is
sterling. All amounts in the financial statements have been rounded to the nearest £1.

Going concern
The directors believe that notwithstanding current year losses of £617,659, the company's financial statements should be prepared on a
going concern basis on the grounds that current and future sources of funding will be adequate to meet the company's needs for a period of at
least 12 months from the date of approval of these financial statements.

Related party exemption
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned
subsidiaries within the group.

Preparation of consolidated financial statements
The company is exempt under Section 399 of the Companies Act from the requirement to prepare consolidated financial statements by virtue
of the fact it is subject to the small companies regime. These financial statements contain information the company as an individual
undertaking and not about its group.

Turnover
Revenue is recognised to the extent that it is probable economic benefits will flow to the company and the revenue can be reliably measured.
Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other
sales taxes.

Revenue from a contract to provide services is recognised in the period in which the services are provided.

Interest receivable and payable
Interest income and interest payable are recognised in profit or loss as they accrue, using the effective interest method.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes
expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the
manner intended by management.

Depreciation is charged to profit or loss over the estimated useful economic lives, as follows -

- Computer equipment - Over 3 years on a straight line basis.
- Fixtures and Fittings - Over 3 years on a straight line basis.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an
indication of a significant change since the last reporting date.

Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount
of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised
immediately as an expense within the profit or loss.

Government grants
Grants are accounted for under the accruals model of accounting. Grants relating to expenditure on tangible fixed assets are credited to profit
or loss at the same rate as the depreciation on assets to which the grant relates. The deferred element of grants is included in creditors as
deferred income. Grants of a revenue nature are recognised in profit or loss in the same period as the related expenditure.

Advizzo Ltd (Registered number: 09622961)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

2. ACCOUNTING POLICIES - continued

Basic financial instruments
Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are
recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised
cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing
transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments
discounted at a market rate of interest for a similar debt instrument.

Investments

Investments in subsidiaries are held at cost less accumulated impairment losses.

Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of
impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying
amount and the present value of estimated cash flows discounted at the asset's original effective interest rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount
and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Current and deferred taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in profit or loss except to the extent that it relates
to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other
comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively
enacted at the balance sheet date.

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different
from those in which they are recognised in the financial statements. Deferred tax is not recognised on permanent differences arising because
certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or
smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or
substantively enacted at the balance sheet date.

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.

Research and development
Expenditure on research and development is written off as incurred.

Foreign currencies
Transactions in foreign currencies are translated to the company's functional currency at the foreign exchange rate ruling at the date of the
transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are retranslated to the functional
currency at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in profit or loss.

Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company
pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The
contributions are recognised as an expense in profit or loss in the periods during which services are rendered by employees.

3. STAFF NUMBERS

The average number of employees during the year was 11 (2017 - 8 ) .

Advizzo Ltd (Registered number: 09622961)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 July 2017 300 7,154 7,454
Additions 2,774 3,875 6,649
At 30 June 2018 3,074 11,029 14,103
DEPRECIATION
At 1 July 2017 100 2,912 3,012
Charge for year 1,024 3,673 4,697
At 30 June 2018 1,124 6,585 7,709
NET BOOK VALUE
At 30 June 2018 1,950 4,444 6,394
At 30 June 2017 200 4,242 4,442

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
Additions 9,102
At 30 June 2018 9,102
NET BOOK VALUE
At 30 June 2018 9,102

6. DEBTORS
30.6.18 30.6.17
£ £
Amounts falling due within one year:
Trade debtors 184,346 277,711
Other debtors 227,343 92,120
Prepayments and accrued income 33,000 11,521
444,689 381,352

Amounts falling due after more than one year:
Other debtors 5,900 -

Aggregate amounts 450,589 381,352

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£ £
Trade creditors 78,434 60,954
Social security and other taxes 16,528 22,858
Other creditors 7,238 12,403
Accruals and deferred income 330 13,749
102,530 109,964

Advizzo Ltd (Registered number: 09622961)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

8. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. 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 amount to
£3,619 (2017: £Nil). Contributions totalling £1,299 (2017: £Nil) were payable to the fund at the balance sheet date and are included in
creditors.

9. RELATED PARTY DISCLOSURES

During the year the company made loans to directors of £54,670 (2017: £15,092) and received repayments of £55,684 (2017: £22,922). As
at 30 June 2018 Advizzo Ltd owed £4,231 (2017: £3,217) to the directors. All balances attract a nil rate of interest, and are repayable on
demand.