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Company Registration No. 10501955 (England and Wales)
Lozdon Group Limited Unaudited management accounts for the year ended 30 November 2023
Lozdon Group Limited Unaudited management accounts Contents
Page
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Lozdon Group Limited Company Information for the year ended 30 November 2023
Director
Mr M Naveed
Company Number
10501955 (England and Wales)
Registered Office
Holdsworth House 65-73 Staines Road Hounslow Middlesex TW3 3HW United Kingdom
Accountants
ABS Advisors Limited 19 Boxmoor Road Romford Essex RM6 2SH
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Lozdon Group Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
93,532 
76,915 
Current assets
Debtors
1,515,368 
1,080,624 
Cash at bank and in hand
585,750 
1,160,799 
2,101,118 
2,241,423 
Creditors: amounts falling due within one year
(686,467)
(932,224)
Net current assets
1,414,651 
1,309,199 
Total assets less current liabilities
1,508,183 
1,386,114 
Creditors: amounts falling due after more than one year
(707,473)
(742,682)
Net assets
800,710 
643,432 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
800,610 
643,332 
Shareholders' funds
800,710 
643,432 
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 August 2024 and were signed on its behalf by
Mr M Naveed Director Company Registration No. 10501955
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Lozdon Group Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Lozdon Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10501955. The registered office is Holdsworth House, 65-73 Staines Road, Hounslow, Middlesex, TW3 3HW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
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Lozdon Group Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
135,944 
3,887 
17,006 
156,837 
Additions
40,000 
- 
- 
40,000 
At 30 November 2023
175,944 
3,887 
17,006 
196,837 
Depreciation
At 1 December 2022
62,681 
3,543 
13,698 
79,922 
Charge for the year
22,652 
69 
662 
23,383 
At 30 November 2023
85,333 
3,612 
14,360 
103,305 
Net book value
At 30 November 2023
90,611 
275 
2,646 
93,532 
At 30 November 2022
73,263 
344 
3,308 
76,915 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
855,968 
721,224 
Other debtors
659,400 
359,400 
1,515,368 
1,080,624 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
70,844 
84,019 
VAT
63,450 
18,668 
Trade creditors
179,163 
553,111 
Taxes and social security
57,276 
74,080 
Other creditors
252,454 
158,896 
Loans from directors
39,500 
- 
Accruals
23,780 
43,450 
686,467 
932,224 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
707,473 
742,682 
8
Average number of employees
During the year the average number of employees was 210 (2022: 190).
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