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
Lozdon Group Limited
Company Information
for the year ended 30 November 2023
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
Lozdon Group Limited
Statement of financial position
as at 30 November 2023
Tangible assets
93,532
76,915
Debtors
1,515,368
1,080,624
Cash at bank and in hand
585,750
1,160,799
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
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
Lozdon Group Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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
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
At 30 November 2023
90,611
275
2,646
93,532
At 30 November 2022
73,263
344
3,308
76,915
Amounts falling due within one year
Trade debtors
855,968
721,224
Other debtors
659,400
359,400
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
70,844
84,019
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
-
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).