Company Registration No. 13689992 (England and Wales)
Reyzen Limited
Unaudited accounts
for the year ended 31 October 2024
Reyzen Limited
Unaudited accounts
Contents
Reyzen Limited
Company Information
for the year ended 31 October 2024
Director
Mr C F G Marsicano
Company Number
13689992 (England and Wales)
Registered Office
214 Baker Street
Enfield
EN1 3JT
United Kingdom
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
Reyzen Limited
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
8
2,738
Creditors: amounts falling due within one year
(2,524)
(10,106)
Net current liabilities
(2,516)
(326)
Net (liabilities)/assets
(2,516)
3,036
Called up share capital
1,000
1,000
Profit and loss account
(3,516)
2,036
Shareholders' funds
(2,516)
3,036
For the year ending 31 October 2024 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 4 December 2024 and were signed on its behalf by
Mr C F G Marsicano
Director
Company Registration No. 13689992
Reyzen Limited
Notes to the Accounts
for the year ended 31 October 2024
Reyzen Limited is a private company, limited by shares, registered in England and Wales, registration number 13689992. The registered office is 214 Baker Street, Enfield, EN1 3JT, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
Fixtures & fittings
18% - reducing balance method
The company has ceased trading on 31 October 2024 and the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company's assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.
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.
Reyzen Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
299
Loans from directors
2,524
9,807
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
8
Transactions with related parties
Included within other creditors is an amount of £2,524 (2023;£9,807) due to its directors. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).