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Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Lizzo Uk Limited

Lizzo Uk Limited (Registered number: 02471823)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lizzo Uk Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J A Climent Garcia
Ms S M Pulido Macho



REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF



REGISTERED NUMBER: 02471823 (England and Wales)



ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF



BANKERS: Coutts & Co
440 Strand
London
WC2R 0QS

Lizzo Uk Limited (Registered number: 02471823)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,440 33,136

CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 88,048 87,474
Cash at bank 523,939 379,812
616,987 472,286
CREDITORS
Amounts falling due within one year 7 377,697 297,509
NET CURRENT ASSETS 239,290 174,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,730

207,913

CREDITORS
Amounts falling due after more than one
year

8

17,989

28,454
NET ASSETS 241,741 179,459

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 241,641 179,359
SHAREHOLDERS' FUNDS 241,741 179,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Ms S M Pulido Macho - Director


Lizzo Uk Limited (Registered number: 02471823)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Lizzo Uk 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.

Turnover is recognised when the goods are dispatched.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 ) .

Lizzo Uk Limited (Registered number: 02471823)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 44,119 81 53,359 97,559
DEPRECIATION
At 1 January 2023 30,537 63 33,823 64,423
Charge for year 7,816 5 4,875 12,696
At 31 December 2023 38,353 68 38,698 77,119
NET BOOK VALUE
At 31 December 2023 5,766 13 14,661 20,440
At 31 December 2022 13,582 18 19,536 33,136

5. STOCKS
2023 2022
£    £   
Stocks 5,000 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,028 18,229
Other debtors 21,231 18,825
Loan to Holding Company - 26,709
Prepayments and accrued income 22,789 23,711
88,048 87,474

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 12,011 11,546
Trade creditors 52,603 27,504
Tax 49,691 14,728
Social security and other taxes 3,748 3,874
VAT 32,019 42,974
Customer deposits 86,079 126,389
Other Creditors 6,015 843
Loan from holding company 58,133 -
Accrued expenses 77,398 69,651
377,697 297,509

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 17,989 28,454

Lizzo Uk Limited (Registered number: 02471823)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,011 11,546

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,809 10,465

Amounts falling due between two and five years:
Bank loans - 2-5 years 7,180 17,989

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Share capital 1 £1 100 100

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company was Home Essence SL, a company based in Spain.

Throughout the year ending 31 December 2023, the company was under the control of S Pulido, a director and shareholder.