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Company Registration No. 11765368 (England and Wales)
VIZAT AUTOS LTD Unaudited accounts for the year ended 31 December 2023
VIZAT AUTOS LTD Unaudited accounts Contents
Page
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VIZAT AUTOS LTD Company Information for the year ended 31 December 2023
Director
Mr.Vijitharan SELLATHURAY
Company Number
11765368 (England and Wales)
Registered Office
19 UNIT 3 LAYTON ROAD LEICESTER LE5 0PU UNITED KINGDOM
Accountants
Farshan & Co Accountants & Tax Advisers Suite 1, 2 Britannia Street Leicester LE1 3LE
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VIZAT AUTOS LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,263 
1,541 
Current assets
Inventories
59,670 
81,120 
Cash at bank and in hand
1,705 
1,971 
61,375 
83,091 
Creditors: amounts falling due within one year
(59,980)
(39,258)
Net current assets
1,395 
43,833 
Total assets less current liabilities
2,658 
45,374 
Creditors: amounts falling due after more than one year
(30,089)
(39,914)
Net (liabilities)/assets
(27,431)
5,460 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(27,531)
5,360 
Shareholders' funds
(27,431)
5,460 
For the year ending 31 December 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 September 2024 and were signed on its behalf by
Mr.Vijitharan SELLATHURAY Director Company Registration No. 11765368
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VIZAT AUTOS LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
VIZAT AUTOS LTD is a private company, limited by shares, registered in England and Wales, registration number 11765368. The registered office is 19 UNIT 3, LAYTON ROAD, LEICESTER, LE5 0PU, UNITED KINGDOM.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
18%
Computer equipment
18%
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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VIZAT AUTOS LTD Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
2,550 
859 
3,409 
At 31 December 2023
2,550 
859 
3,409 
Depreciation
At 1 January 2023
1,397 
471 
1,868 
Charge for the year
208 
70 
278 
At 31 December 2023
1,605 
541 
2,146 
Net book value
At 31 December 2023
945 
318 
1,263 
At 31 December 2022
1,153 
388 
1,541 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
35,500 
32,301 
Taxes and social security
- 
957 
Loans from directors
24,480 
6,000 
59,980 
39,258 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,089 
39,914 
7
Average number of employees
During the year the average number of employees was 3 (2022: 1).
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