Fizza Electronics Limited - Accounts to registrar (filleted) - small 23.1.2

Fizza Electronics Limited - Accounts to registrar (filleted) - small 23.1.2

FIZZA ELECTRONICS LIMITED - Company Information

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REGISTERED NUMBER: 02007833 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

FIZZA ELECTRONICS LIMITED
FIZZA ELECTRONICS LIMITED (REGISTERED NUMBER: 02007833)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIZZA ELECTRONICS LIMITED

COMPANY INFORMATION
for the Year Ended 28th February 2023







Director: M A Sheikh





Registered office: 159 Cheetham Hill Road
Manchester
M8 8LG





Registered number: 02007833 (England and Wales)





Accountant: DBF Associates
Chartered Accountants
10 Park Place
Manchester
Lancashire
M4 4EY
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FIZZA ELECTRONICS LIMITED (REGISTERED NUMBER: 02007833)

BALANCE SHEET
28th February 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,541 2,055

Current assets
Stocks 864,000 856,100
Debtors 5 27,521 169,818
Cash at bank and in hand 157,784 28,048
1,049,305 1,053,966
Creditors
Amounts falling due within one year 6 386,253 454,206
Net current assets 663,052 599,760
Total assets less current liabilities 664,593 601,815

Creditors
Amounts falling due after more than one year 7 33,046 42,014
Net assets 631,547 559,801

Capital and reserves
Called up share capital 8 10,000 10,000
Retained earnings 621,547 549,801
Shareholders' funds 631,547 559,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th October 2023 and were signed by:



M A Sheikh - Director


The notes form part of these financial statements

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FIZZA ELECTRONICS LIMITED (REGISTERED NUMBER: 02007833)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2023

1. Statutory information

Fizza Electronics 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

Deferred taxation
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.

It has been found that a provision for deferred taxation is not required.


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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 5 (2022 - 5 ) .

4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1st March 2022
and 28th February 2023 10,377 8,000 18,377
Depreciation
At 1st March 2022 10,221 6,101 16,322
Charge for year 39 475 514
At 28th February 2023 10,260 6,576 16,836
Net book value
At 28th February 2023 117 1,424 1,541
At 28th February 2022 156 1,899 2,055

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FIZZA ELECTRONICS LIMITED (REGISTERED NUMBER: 02007833)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2023

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 27,521 169,818

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 292,664 404,857
Taxation and social security 54,316 21,836
Other creditors 39,273 27,513
386,253 454,206

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 33,046 42,014

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000

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