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REGISTERED NUMBER: 02007833 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

FIZZA ELECTRONICS LIMITED

FIZZA ELECTRONICS LIMITED (REGISTERED NUMBER: 02007833)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIZZA ELECTRONICS LIMITED

COMPANY INFORMATION
for the Year Ended 29th February 2024







Director: M A Sheikh





Registered office: 159 Cheetham Hill Road
Manchester
M8 8LG





Registered number: 02007833 (England and Wales)





Accountant: DBF Associates
Chartered Accountants
10 Park Place
Manchester
Lancashire
M4 4EY

FIZZA ELECTRONICS LIMITED (REGISTERED NUMBER: 02007833)

BALANCE SHEET
29th February 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 15,124 1,541

Current assets
Stocks 1,220,000 864,000
Debtors 5 195,676 27,521
Cash at bank and in hand 66,165 157,784
1,481,841 1,049,305
Creditors
Amounts falling due within one year 6 817,696 386,253
Net current assets 664,145 663,052
Total assets less current liabilities 679,269 664,593

Creditors
Amounts falling due after more than one year 7 23,155 33,046
Net assets 656,114 631,547

Capital and reserves
Called up share capital 8 10,000 10,000
Retained earnings 646,114 621,547
Shareholders' funds 656,114 631,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th September 2024 and were signed by:



M A Sheikh - Director


FIZZA ELECTRONICS LIMITED (REGISTERED NUMBER: 02007833)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29th February 2024

1. Statutory information

Fizza Electronics 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

Deferred taxation
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.

It has been found that a provision for deferred taxation is not required.


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

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1st March 2023 - 10,377 8,000 18,377
Additions 10,000 624 8,000 18,624
At 29th February 2024 10,000 11,001 16,000 37,001
Depreciation
At 1st March 2023 - 10,260 6,576 16,836
Charge for year 2,500 185 2,356 5,041
At 29th February 2024 2,500 10,445 8,932 21,877
Net book value
At 29th February 2024 7,500 556 7,068 15,124
At 28th February 2023 - 117 1,424 1,541

FIZZA ELECTRONICS LIMITED (REGISTERED NUMBER: 02007833)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29th February 2024

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 163,498 27,521
Other debtors 32,178 -
195,676 27,521

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 714,699 292,664
Taxation and social security 55,165 54,316
Other creditors 47,832 39,273
817,696 386,253

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 23,155 33,046

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000