VIZ-UK Limited - Period Ending 2013-10-31

31 October 2013

Ordinary shares of £1 each

VIZ-UK Limited

Unaudited Abbreviated Accounts

for the Period from 22 October 2012 to 31 October 2013

Finch Lynton Limited
Chartered Accountants
2/4 Ash Lane,
Rustington
Littlehampton
West Sussex
BN16 3BZ

VIZ-UK Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

VIZ-UK Limited
(Registration number: 8260942)
Abbreviated Balance Sheet at 31 October 2013

	Note	31 October 2013 £
Fixed assets
Tangible fixed assets		7,197
Current assets
Stocks		27,526
Debtors		21
Cash at bank and in hand		10,874
		38,421
Creditors: Amounts falling due within one year		(43,988)
Net current liabilities		(5,567)
Total assets less current liabilities		1,630
Provisions for liabilities		(730)
Net assets		900
Capital and reserves
Called up share capital	3	100
Profit and loss account		800
Shareholders' funds		900

For the year ending 31 October 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 16 May 2014 and signed on its behalf by:

.........................................
Mr V Zukovskis
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

VIZ-UK Limited
Notes to the Abbreviated Accounts for the Period from 22 October 2012 to 31 October 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	15% Reducing balance
Computer equipment	33.3% Straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

VIZ-UK Limited
Notes to the Abbreviated Accounts for the Period from 22 October 2012 to 31 October 2013
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	8,854	8,854
At 31 October 2013	8,854	8,854
Depreciation
Charge for the period	1,657	1,657
At 31 October 2013	1,657	1,657
Net book value
At 31 October 2013	7,197	7,197

3	Share capital

Allotted, called up and fully paid shares

Page 3