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REGISTERED NUMBER: 11773180 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Vizetelli Limited

Vizetelli Limited (Registered number: 11773180)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vizetelli Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: E T Anderson
R P Anderson
Mrs J Anderson





REGISTERED OFFICE: The Malt House
Winterfield Lane
West Malling
Kent
ME19 6HY





REGISTERED NUMBER: 11773180 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

Vizetelli Limited (Registered number: 11773180)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,125 1,501
Investment property 5 465,807 -
466,932 1,501

CURRENT ASSETS
Debtors 6 - 46,843
Cash at bank 217,282 2,208
217,282 49,051
CREDITORS
Amounts falling due within one year 7 703,532 42,379
NET CURRENT (LIABILITIES)/ASSETS (486,250 ) 6,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,318

)

8,173

PROVISIONS FOR LIABILITIES 8 214 300
NET (LIABILITIES)/ASSETS (19,532 ) 7,873

CAPITAL AND RESERVES
Called up share capital 24 100
Retained earnings (19,556 ) 7,773
(19,532 ) 7,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Vizetelli Limited (Registered number: 11773180)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by:




E T Anderson - Director R P Anderson - Director




Mrs J Anderson - Director


Vizetelli Limited (Registered number: 11773180)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Vizetelli 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
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The company's day to day working capital is met through loan accounts with the directors. The directors have given their undertaking not to draw down on the loan to the detriment of the company and the directors therefore consider it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

Vizetelli Limited (Registered number: 11773180)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 4,575
DEPRECIATION
At 1 May 2023 3,074
Charge for year 376
At 30 April 2024 3,450
NET BOOK VALUE
At 30 April 2024 1,125
At 30 April 2023 1,501

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 465,807
At 30 April 2024 465,807
NET BOOK VALUE
At 30 April 2024 465,807

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 14,500
Directors' current accounts - 32,343
- 46,843

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,901 41,329
Tax - 207
Social security and other taxes 508 29
Directors' current accounts 665,719 -
Accrued expenses 1,404 814
703,532 42,379

Vizetelli Limited (Registered number: 11773180)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 214 300

Deferred
tax
£   
Balance at 1 May 2023 300
Provided during year (86 )
Balance at 30 April 2024 214

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
E T Anderson
Balance outstanding at start of year 32,343 -
Amounts advanced 23,376 32,343
Amounts repaid (243,350 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (187,631 ) 32,343

R P Anderson
Balance outstanding at start of year - -
Amounts repaid (237,852 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (237,852 ) -

Mrs J Anderson
Balance outstanding at start of year - -
Amounts repaid (240,236 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (240,236 ) -