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Company Registration No. 12705193 (England and Wales)
IZZY'S LAZY DAYS HOT TUB BREAKS LTD Unaudited accounts for the year ended 30 June 2024
IZZY'S LAZY DAYS HOT TUB BREAKS LTD Unaudited accounts Contents
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IZZY'S LAZY DAYS HOT TUB BREAKS LTD Company Information for the year ended 30 June 2024
Directors
Colin Anderson Isabell Anderson
Company Number
12705193 (England and Wales)
Registered Office
112-113 HIGH STREET LINCOLN LN5 7PY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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IZZY'S LAZY DAYS HOT TUB BREAKS LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,397 
38,218 
Current assets
Cash at bank and in hand
42,505 
44,550 
Creditors: amounts falling due within one year
(26,578)
(19,031)
Net current assets
15,927 
25,519 
Total assets less current liabilities
50,324 
63,737 
Provisions for liabilities
Deferred tax
(4,376)
(4,376)
Net assets
45,948 
59,361 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
40,000 
40,000 
Profit and loss account
5,848 
19,261 
Shareholders' funds
45,948 
59,361 
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 10 November 2024 and were signed on its behalf by
Colin Anderson Director Company Registration No. 12705193
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IZZY'S LAZY DAYS HOT TUB BREAKS LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
IZZY'S LAZY DAYS HOT TUB BREAKS LTD is a private company, limited by shares, registered in England and Wales, registration number 12705193. The registered office is 112-113 HIGH STREET, LINCOLN, LN5 7PY, ENGLAND.
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:
Fixtures & fittings
10% Reducing balance
Computer equipment
20% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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IZZY'S LAZY DAYS HOT TUB BREAKS LTD Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
51,235 
1,160 
52,395 
At 30 June 2024
51,235 
1,160 
52,395 
Depreciation
At 1 July 2023
13,685 
492 
14,177 
Charge for the year
3,754 
67 
3,821 
At 30 June 2024
17,439 
559 
17,998 
Net book value
At 30 June 2024
33,796 
601 
34,397 
At 30 June 2023
37,550 
668 
38,218 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
1 
Loans from directors
26,008 
18,460 
Accruals
570 
570 
26,578 
19,031 
6
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
4,376 
4,376 
2024 
2023 
£ 
£ 
Provision at start of year
4,376 
5,099 
Credited to the profit and loss account
- 
(723)
Provision at end of year
4,376 
4,376 
A deferred taxation reserve has been provided of some £4376 that will reverse in future periods and create a tax liability at the prevailing rate on the day.
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Capital contribution reserve
There has been no movement in the capital contribution reserve in this period
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IZZY'S LAZY DAYS HOT TUB BREAKS LTD Notes to the Accounts for the year ended 30 June 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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