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REGISTERED NUMBER: 13589797 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 August 2024

for

Vizantio Web Ltd

Vizantio Web Ltd (Registered number: 13589797)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Vizantio Web Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: S J Jackaman





REGISTERED OFFICE: 123 Pall Mall
St. James's
London
SW1Y 5EA





REGISTERED NUMBER: 13589797 (England and Wales)





ACCOUNTANTS: Hawksford UK Services Limited
123 Pall Mall
St. James's
London
SW1Y 5EA

Vizantio Web Ltd (Registered number: 13589797)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes €    €   
CURRENT ASSETS
Debtors 4 11,888 1,932
Cash at bank and in hand 1,603 1,852
13,491 3,784
CREDITORS
Amounts falling due within one year 5 (62,134 ) (56,086 )
NET CURRENT LIABILITIES (48,643 ) (52,302 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,643

)

(52,302

)

CAPITAL AND RESERVES
Called up share capital 116 116
Retained earnings (48,759 ) (52,418 )
(48,643 ) (52,302 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 April 2025 and were signed by:





S J Jackaman - Director


Vizantio Web Ltd (Registered number: 13589797)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Vizantio Web Ltd 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.

The financial statements have been prepared in Euro which is also the Company's functional currency. The rounding in the financial statements is to the nearest Euro.

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

Financial instruments
Trade and other debtors

Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand and cash held on demand with banks, and bank overdrafts.Bank overdrafts are shown within borrowings in current liabilities on the balance sheet.

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

Current tax 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The financial statements have been prepared on a going concern basis even though at the balance sheet date the company had net liabilities amounting to €48,643 (2023: €52,302) and incurred a net profit of €3,659 (2023: net loss of €16,552) for the year.

The director considers the going concern basis to be appropriate due to the fact that the controlling party has expressed its willingness to provide financial support for the next 12 months as from the date of approval of the financial statements in order for the company to meet its current liabilities.

Therefore the director continues to adopt the going concern basis of accounting, which contemplates the realisation of assets and satisfaction of liabilities and commitments in the normal course of business.

3. EMPLOYEES AND DIRECTORS

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

Vizantio Web Ltd (Registered number: 13589797)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
€    €   
Trade debtors 8,125 -
Other debtors 3,763 1,932
11,888 1,932

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
€    €   
Bank loans and overdrafts (see note 6) - 830
Other loans (see note 6) 45,000 45,000
Other creditors 8,356 772
Amount owed to related parties 4,861 4,861
Accrued expenses 3,917 4,623
62,134 56,086

6. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
€    €   
Amounts falling due within one year or on demand:
Bank overdrafts - 830
Other loans 45,000 45,000
45,000 45,830

This loan is interest free and repayable on demand.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Vitalii Bykov.