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REGISTERED NUMBER: 06867359 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Vezo Networks Limited

Vezo Networks Limited (Registered number: 06867359)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vezo Networks Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr P Mills
Mr D Nairn





REGISTERED OFFICE: The Lodge
Coxes Farm Road
Billericay
Essex
CM11 2UA





REGISTERED NUMBER: 06867359 (England and Wales)





ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU

Vezo Networks Limited (Registered number: 06867359)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,665 8,331

CURRENT ASSETS
Debtors 5 34,721 22,228
Cash at bank 118,419 114,192
153,140 136,420
CREDITORS
Amounts falling due within one year 6 56,154 64,931
NET CURRENT ASSETS 96,986 71,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,651

79,820

PROVISIONS FOR LIABILITIES 7 - 30
NET ASSETS 103,651 79,790

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 103,649 79,788
SHAREHOLDERS' FUNDS 103,651 79,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Vezo Networks Limited (Registered number: 06867359)

Balance Sheet - continued
31 March 2024


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 15 November 2024 and were signed on its behalf by:




Mr P Mills - Director



Mr D Nairn - Director


Vezo Networks Limited (Registered number: 06867359)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Vezo Networks 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

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.

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

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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 6,867 16,347 23,214
DEPRECIATION
At 1 April 2023 5,146 9,737 14,883
Charge for year 344 1,322 1,666
At 31 March 2024 5,490 11,059 16,549
NET BOOK VALUE
At 31 March 2024 1,377 5,288 6,665
At 31 March 2023 1,721 6,610 8,331

Vezo Networks Limited (Registered number: 06867359)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,419 18,332
Other debtors 9,302 3,896
34,721 22,228

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,503 19,017
Tax 21,231 14,623
Social security and other taxes 2,502 2,185
VAT 5,592 8,009
Directors' current accounts 1,376 19,597
Accrued expenses 1,950 1,500
56,154 64,931

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 30

Deferred
tax
£   
Balance at 1 April 2023 30
Balance at 31 March 2024 30

8. RELATED PARTY DISCLOSURES

Controlling party
The company is controlled by the directors who hold both shares in issue.