Vezo Networks Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06867359 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Vezo Networks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Mills

Mr D Nairn

REGISTERED OFFICE:

The Lodge

Coxes Farm Road

Billericay

Essex

CM11 2UA

REGISTERED NUMBER:

06867359 (England and Wales)

ACCOUNTANTS:

Vortex Accountants Limited

Top Floor

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

FIXED ASSETS

Tangible assets

4

10,413

1,682

CURRENT ASSETS

Debtors

5

16,222

16,481

Cash at bank

106,537

115,869

122,759

132,350

CREDITORS

Amounts falling due within one year

6

66,139

71,925

NET CURRENT ASSETS

56,620

60,425

TOTAL ASSETS LESS CURRENT LIABILITIES

67,033

62,107

PROVISIONS FOR LIABILITIES

7

327

317

NET ASSETS

66,706

61,790

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

66,704

61,788

SHAREHOLDERS' FUNDS

66,706

61,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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 Board of Directors and authorised for issue on 22 April 2022 and were signed on its behalf by:

Mr P Mills - Director

Mr D Nairn - Director

1.	STATUTORY INFORMATION

Vezo Networks 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

Motor vehicles

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2021

4,782

7,097

11,879

Additions

2,085

9,250

11,335

At 31 March 2022

6,867

16,347

23,214

DEPRECIATION

At 1 April 2021

4,178

6,019

10,197

Charge for year

538

2,066

2,604

At 31 March 2022

4,716

8,085

12,801

NET BOOK VALUE

At 31 March 2022

2,151

8,262

10,413

At 31 March 2021

604

1,078

1,682

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

15,509

15,768

Prepayments

713

713

16,222

16,481

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Tax

12,404

16,291

Social security and other taxes

3,500

-

VAT

7,181

10,208

Other creditors

338

449

Directors' current accounts

41,216

43,477

Accrued expenses

1,500

1,500

66,139

71,925

7.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

327

317

Deferred

tax

£

Balance at 1 April 2021

317

Provided during year

10

Balance at 31 March 2022

327

8.	RELATED PARTY DISCLOSURES

Controlling party

The company is controlled by the directors who hold both shares in issue.