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 2021

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

1,682

1,393

CURRENT ASSETS

Debtors

5

16,481

32,465

Cash at bank

115,869

72,320

132,350

104,785

CREDITORS

Amounts falling due within one year

6

71,476

65,820

NET CURRENT ASSETS

60,874

38,965

TOTAL ASSETS LESS CURRENT LIABILITIES

62,556

40,358

CREDITORS

Amounts falling due after more than one year

7

(449

)

-

PROVISIONS FOR LIABILITIES

8

(317

)

(265

)

NET ASSETS

61,790

40,093

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

61,788

40,091

SHAREHOLDERS' FUNDS

61,790

40,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 15 November 2021 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 6 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2020

4,072

7,097

11,169

Additions

710

-

710

At 31 March 2021

4,782

7,097

11,879

DEPRECIATION

At 1 April 2020

4,026

5,750

9,776

Charge for year

152

269

421

At 31 March 2021

4,178

6,019

10,197

NET BOOK VALUE

At 31 March 2021

604

1,078

1,682

At 31 March 2020

46

1,347

1,393

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

15,768

31,752

Prepayments

713

713

16,481

32,465

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Tax

16,291

16,250

VAT

10,208

6,241

Directors' current accounts

43,477

41,829

Accrued expenses

1,500

1,500

71,476

65,820

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

449

-

8.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

317

265

Deferred

tax

£

Balance at 1 April 2020

265

Provided during year

52

Balance at 31 March 2021

317

9.	RELATED PARTY DISCLOSURES

Controlling party

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