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Registered number: 08816766
Vizeo Digital Media Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Simon Laskey Ltd
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 08816766
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,802 9,689
7,802 9,689
CURRENT ASSETS
Debtors 5 14,832 24,006
Cash at bank and in hand - 46
14,832 24,052
Creditors: Amounts Falling Due Within One Year 6 (29,346 ) (30,196 )
NET CURRENT ASSETS (LIABILITIES) (14,514 ) (6,144 )
TOTAL ASSETS LESS CURRENT LIABILITIES (6,712 ) 3,545
Creditors: Amounts Falling Due After More Than One Year 7 (6,818 ) (11,362 )
NET LIABILITIES (13,530 ) (7,817 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement (13,531 ) (7,818 )
SHAREHOLDERS' FUNDS (13,530) (7,817)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr R N Kirkley
Director
27/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Vizeo Digital Media Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08816766 . The registered office is 41 Arnold Drive Weldon Lakes, Corby, Northamptonshire, NN17 5FY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% reducing balance
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2024 4,605 22,966 27,571
Additions - 238 238
As at 31 December 2024 4,605 23,204 27,809
Depreciation
As at 1 January 2024 2,159 15,723 17,882
Provided during the period 245 1,880 2,125
As at 31 December 2024 2,404 17,603 20,007
Net Book Value
As at 31 December 2024 2,201 5,601 7,802
As at 1 January 2024 2,446 7,243 9,689
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 301
Other debtors 14,832 23,705
14,832 24,006
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 196
Bank loans and overdrafts 6,647 6,573
Other creditors 22,699 23,427
29,346 30,196
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,818 11,362
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3