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REGISTERED NUMBER: 09017903 (England and Wales)









Financial Statements

for the Year Ended 31 May 2024

for

Lozi Investments Limited

Lozi Investments Limited (Registered number: 09017903)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lozi Investments Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M P Vaghela





REGISTERED OFFICE: 207 Field End Road
Pinner
Middlesex
HA5 1QZ





REGISTERED NUMBER: 09017903 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Lozi Investments Limited (Registered number: 09017903)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 49,607
Property, plant and equipment 5 130,355 23,729
130,355 73,336

CURRENT ASSETS
Inventories 45,761 45,761
Debtors 6 14,176 14,696
Cash at bank 410,204 509,938
470,141 570,395
CREDITORS
Amounts falling due within one year 7 (141,271 ) (71,278 )
NET CURRENT ASSETS 328,870 499,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,225

572,453

CREDITORS
Amounts falling due after more than one
year

8

-

(8,867

)

PROVISIONS FOR LIABILITIES (32,589 ) (5,932 )
NET ASSETS 426,636 557,654

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 426,536 557,554
426,636 557,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Lozi Investments Limited (Registered number: 09017903)

Statement of Financial Position - continued
31 May 2024


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 6 November 2024 and were signed on its behalf by:





M P Vaghela - Director


Lozi Investments Limited (Registered number: 09017903)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Lozi Investments 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible Assets are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% Straight line

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2023 - 4 ) .

Lozi Investments Limited (Registered number: 09017903)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 444,150 3,847 447,997
AMORTISATION
At 1 June 2023 394,800 3,590 398,390
Charge for year 49,350 257 49,607
At 31 May 2024 444,150 3,847 447,997
NET BOOK VALUE
At 31 May 2024 - - -
At 31 May 2023 49,350 257 49,607

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 June 2023 114,794
Additions 139,203
Disposals (9,228 )
At 31 May 2024 244,769
DEPRECIATION
At 1 June 2023 91,065
Charge for year 32,577
Eliminated on disposal (9,228 )
At 31 May 2024 114,414
NET BOOK VALUE
At 31 May 2024 130,355
At 31 May 2023 23,729

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,900 1,915
Other debtors 11,276 12,781
14,176 14,696

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,867 13,300
Taxation and social security 402 11,132
Other creditors 132,002 46,846
141,271 71,278

Lozi Investments Limited (Registered number: 09017903)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 8,867