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Company Registration No. 13689992 (England and Wales)
Reyzen Limited Unaudited accounts for the year ended 31 October 2024
Reyzen Limited Unaudited accounts Contents
Page
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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
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Reyzen Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
3,362 
Current assets
Inventories
- 
442 
Debtors
- 
6,600 
Cash at bank and in hand
8 
2,738 
8 
9,780 
Creditors: amounts falling due within one year
(2,524)
(10,106)
Net current liabilities
(2,516)
(326)
Net (liabilities)/assets
(2,516)
3,036 
Capital and reserves
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
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Reyzen Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
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.
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
Going concern
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
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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Reyzen Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2023
5,000 
Disposals
(5,000)
At 31 October 2024
- 
Depreciation
At 1 November 2023
1,638 
On disposals
(1,638)
At 31 October 2024
- 
Net book value
At 31 October 2024
- 
At 31 October 2023
3,362 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
6,600 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
299 
Loans from directors
2,524 
9,807 
2,524 
10,106 
7
Share capital
2024 
2023 
£ 
£ 
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).
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