1 May 2023 false No description of principal activity Taxfiler 2024.5 SC628597business:PrivateLimitedCompanyLtd2023-05-012024-04-30 SC6285972023-04-30 SC6285972023-05-012024-04-30 SC628597business:AuditExemptWithAccountantsReport2023-05-012024-04-30 SC628597business:AbridgedAccounts2023-05-012024-04-30 SC6285972024-04-30 SC628597business:Director12023-05-012024-04-30 SC628597business:RegisteredOffice2023-05-012024-04-30 SC6285972023-04-30 SC628597core:WithinOneYear2024-04-30 SC628597core:WithinOneYear2023-04-30 SC628597core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 SC628597core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 SC628597core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 SC628597core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 SC628597core:PreviouslyStatedAmount2024-04-30 SC628597core:PreviouslyStatedAmount2023-04-30 SC628597business:SmallEntities2023-05-012024-04-30 SC628597countries:Scotland2023-05-012024-04-30 SC628597core:PlantMachinery2023-05-012024-04-30 SC6285972022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. SC628597 (Scotland)
Lazy Boy Developments Ltd Unaudited accounts for the year ended 30 April 2024
Lazy Boy Developments Ltd Unaudited accounts Contents
Page
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Lazy Boy Developments Ltd Company Information for the year ended 30 April 2024
Director
Mr S Baillie
Company Number
SC628597 (Scotland)
Registered Office
117 Inchview North Prestonpans East Lothian EH32 9SE
Accountants
GF Accountancy Services Ltd 4 Rowanhill Way Port Seton East Lothian EH32 0SZ
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Lazy Boy Developments Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,736 
340 
Current assets
Debtors
35,311 
57,966 
Cash at bank and in hand
1,057,104 
679,882 
1,092,415 
737,848 
Creditors: amounts falling due within one year
(116,351)
(87,676)
Net current assets
976,064 
650,172 
Net assets
977,800 
650,512 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
977,700 
650,412 
Shareholders' funds
977,800 
650,512 
For the year ending 30 April 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 30 September 2024 and were signed on its behalf by
Mr S Baillie Director Company Registration No. SC628597
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Lazy Boy Developments Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Lazy Boy Developments Ltd is a private company, limited by shares, registered in Scotland, registration number SC628597. The registered office is 117 Inchview North, Prestonpans, East Lothian , EH32 9SE.
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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
33% straight line
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2023
3,084 
Additions
2,350 
At 30 April 2024
5,434 
Depreciation
At 1 May 2023
2,744 
Charge for the year
954 
At 30 April 2024
3,698 
Net book value
At 30 April 2024
1,736 
At 30 April 2023
340 
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Lazy Boy Developments Ltd Notes to the Accounts for the year ended 30 April 2024
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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