2023-11-012024-10-312024-10-31false08241393Lazenbys Financial Services Limited2024-11-20iso4217:GBPxbrli:pure082413932023-11-01082413932024-10-31082413932023-11-012024-10-31082413932022-11-01082413932023-10-31082413932022-11-012023-10-3108241393bus:SmallEntities2023-11-012024-10-3108241393bus:AuditExempt-NoAccountantsReport2023-11-012024-10-3108241393bus:FullAccounts2023-11-012024-10-3108241393bus:PrivateLimitedCompanyLtd2023-11-012024-10-3108241393core:WithinOneYear2024-10-3108241393core:AfterOneYear2024-10-3108241393core:WithinOneYear2023-10-3108241393core:AfterOneYear2023-10-3108241393core:ShareCapital2024-10-3108241393core:SharePremium2024-10-3108241393core:RevaluationReserve2024-10-3108241393core:OtherReservesSubtotal2024-10-3108241393core:RetainedEarningsAccumulatedLosses2024-10-3108241393core:ShareCapital2023-10-3108241393core:SharePremium2023-10-3108241393core:RevaluationReserve2023-10-3108241393core:OtherReservesSubtotal2023-10-3108241393core:RetainedEarningsAccumulatedLosses2023-10-3108241393core:LandBuildings2024-10-3108241393core:PlantMachinery2024-10-3108241393core:Vehicles2024-10-3108241393core:FurnitureFittings2024-10-3108241393core:OfficeEquipment2024-10-3108241393core:NetGoodwill2024-10-3108241393core:IntangibleAssetsOtherThanGoodwill2024-10-3108241393core:ListedExchangeTraded2024-10-3108241393core:UnlistedNon-exchangeTraded2024-10-3108241393core:LandBuildings2023-10-3108241393core:PlantMachinery2023-10-3108241393core:Vehicles2023-10-3108241393core:FurnitureFittings2023-10-3108241393core:OfficeEquipment2023-10-3108241393core:NetGoodwill2023-10-3108241393core:IntangibleAssetsOtherThanGoodwill2023-10-3108241393core:ListedExchangeTraded2023-10-3108241393core:UnlistedNon-exchangeTraded2023-10-3108241393core:LandBuildings2023-11-012024-10-3108241393core:PlantMachinery2023-11-012024-10-3108241393core:Vehicles2023-11-012024-10-3108241393core:FurnitureFittings2023-11-012024-10-3108241393core:OfficeEquipment2023-11-012024-10-3108241393core:NetGoodwill2023-11-012024-10-3108241393core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3108241393core:ListedExchangeTraded2023-11-012024-10-3108241393core:UnlistedNon-exchangeTraded2023-11-012024-10-3108241393core:MoreThanFiveYears2023-11-012024-10-3108241393core:Non-currentFinancialInstruments2024-10-3108241393core:Non-currentFinancialInstruments2023-10-3108241393dpl:CostSales2023-11-012024-10-3108241393dpl:DistributionCosts2023-11-012024-10-3108241393core:LandBuildings2023-11-012024-10-3108241393core:PlantMachinery2023-11-012024-10-3108241393core:Vehicles2023-11-012024-10-3108241393core:FurnitureFittings2023-11-012024-10-3108241393core:OfficeEquipment2023-11-012024-10-3108241393dpl:AdministrativeExpenses2023-11-012024-10-3108241393core:NetGoodwill2023-11-012024-10-3108241393core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3108241393dpl:GroupUndertakings2023-11-012024-10-3108241393dpl:ParticipatingInterests2023-11-012024-10-3108241393dpl:GroupUndertakingscore:ListedExchangeTraded2023-11-012024-10-3108241393core:ListedExchangeTraded2023-11-012024-10-3108241393dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-11-012024-10-3108241393core:UnlistedNon-exchangeTraded2023-11-012024-10-3108241393dpl:CostSales2022-11-012023-10-3108241393dpl:DistributionCosts2022-11-012023-10-3108241393core:LandBuildings2022-11-012023-10-3108241393core:PlantMachinery2022-11-012023-10-3108241393core:Vehicles2022-11-012023-10-3108241393core:FurnitureFittings2022-11-012023-10-3108241393core:OfficeEquipment2022-11-012023-10-3108241393dpl:AdministrativeExpenses2022-11-012023-10-3108241393core:NetGoodwill2022-11-012023-10-3108241393core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3108241393dpl:GroupUndertakings2022-11-012023-10-3108241393dpl:ParticipatingInterests2022-11-012023-10-3108241393dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3108241393core:ListedExchangeTraded2022-11-012023-10-3108241393dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3108241393core:UnlistedNon-exchangeTraded2022-11-012023-10-3108241393core:NetGoodwill2024-10-3108241393core:IntangibleAssetsOtherThanGoodwill2024-10-3108241393core:LandBuildings2024-10-3108241393core:PlantMachinery2024-10-3108241393core:Vehicles2024-10-3108241393core:FurnitureFittings2024-10-3108241393core:OfficeEquipment2024-10-3108241393core:AfterOneYear2024-10-3108241393core:WithinOneYear2024-10-3108241393core:ListedExchangeTraded2024-10-3108241393core:UnlistedNon-exchangeTraded2024-10-3108241393core:ShareCapital2024-10-3108241393core:SharePremium2024-10-3108241393core:RevaluationReserve2024-10-3108241393core:OtherReservesSubtotal2024-10-3108241393core:RetainedEarningsAccumulatedLosses2024-10-3108241393core:NetGoodwill2023-10-3108241393core:IntangibleAssetsOtherThanGoodwill2023-10-3108241393core:LandBuildings2023-10-3108241393core:PlantMachinery2023-10-3108241393core:Vehicles2023-10-3108241393core:FurnitureFittings2023-10-3108241393core:OfficeEquipment2023-10-3108241393core:AfterOneYear2023-10-3108241393core:WithinOneYear2023-10-3108241393core:ListedExchangeTraded2023-10-3108241393core:UnlistedNon-exchangeTraded2023-10-3108241393core:ShareCapital2023-10-3108241393core:SharePremium2023-10-3108241393core:RevaluationReserve2023-10-3108241393core:OtherReservesSubtotal2023-10-3108241393core:RetainedEarningsAccumulatedLosses2023-10-3108241393core:NetGoodwill2022-11-0108241393core:IntangibleAssetsOtherThanGoodwill2022-11-0108241393core:LandBuildings2022-11-0108241393core:PlantMachinery2022-11-0108241393core:Vehicles2022-11-0108241393core:FurnitureFittings2022-11-0108241393core:OfficeEquipment2022-11-0108241393core:AfterOneYear2022-11-0108241393core:WithinOneYear2022-11-0108241393core:ListedExchangeTraded2022-11-0108241393core:UnlistedNon-exchangeTraded2022-11-0108241393core:ShareCapital2022-11-0108241393core:SharePremium2022-11-0108241393core:RevaluationReserve2022-11-0108241393core:OtherReservesSubtotal2022-11-0108241393core:RetainedEarningsAccumulatedLosses2022-11-0108241393core:AfterOneYear2023-11-012024-10-3108241393core:WithinOneYear2023-11-012024-10-3108241393core:Non-currentFinancialInstrumentscore:CostValuation2023-11-012024-10-3108241393core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-11-012024-10-3108241393core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-11-012024-10-3108241393core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-11-012024-10-3108241393core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-11-012024-10-3108241393core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-11-012024-10-3108241393core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3108241393core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3108241393core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-11-012024-10-3108241393core:Non-currentFinancialInstrumentscore:CostValuation2024-10-3108241393core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-10-3108241393core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-10-3108241393core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-10-3108241393core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-10-3108241393core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-10-3108241393core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-10-3108241393core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-10-3108241393core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-10-3108241393core:Non-currentFinancialInstrumentscore:CostValuation2023-10-3108241393core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-3108241393core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-3108241393core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-3108241393core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-3108241393core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-3108241393core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-3108241393core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-3108241393core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-3108241393bus:Director12023-11-012024-10-3108241393bus:Director22023-11-012024-10-3108241393core:FurnitureFittingsToolsEquipment2023-10-3108241393core:FurnitureFittingsToolsEquipment2023-11-012024-10-3108241393core:FurnitureFittingsToolsEquipment2024-10-31

Lazenbys Financial Services Limited

Registered Number
08241393
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

Lazenbys Financial Services Limited
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

A Lazenby
D Lazenby

Registered Address

First Floor, Stable Mews Beechwood Estate
Roundhay
Leeds
LS8 2LQ

Registered Number

08241393 (England and Wales)
Lazenbys Financial Services Limited
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets410,7398,062
Investments533,58517,817
44,32425,879
Current assets
Stocks6-8,250
Debtors713,42622,253
Cash at bank and on hand9,73721,865
23,16352,368
Creditors amounts falling due within one year8(36,053)(45,087)
Net current assets (liabilities)(12,890)7,281
Total assets less current liabilities31,43433,160
Creditors amounts falling due after one year9(4,500)(10,500)
Provisions for liabilities10(2,490)(1,730)
Net assets24,44420,930
Capital and reserves
Called up share capital10,00010,000
Profit and loss account14,44410,930
Shareholders' funds24,44420,930
The financial statements were approved and authorised for issue by the Board of Directors on 20 November 2024, and are signed on its behalf by:
A Lazenby
Director
Registered Company No. 08241393
Lazenbys Financial Services Limited
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets include website costs which are amortised over 3 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Office Equipment4
Investments
Fixed asset investments and listed investments are measured at fair value where the difference between cost and fair value is material. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year54
3.Intangible assets
Intangible assets include website costs which are amortised over 3 years.

Other

Total

££
Cost or valuation
At 01 November 233,0003,000
At 31 October 243,0003,000
Amortisation and impairment
At 01 November 233,0003,000
At 31 October 243,0003,000
Net book value
At 31 October 24--
At 31 October 23--
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 November 2315,8976,67722,574
Additions4,1732,5946,767
At 31 October 2420,0709,27129,341
Depreciation and impairment
At 01 November 237,8676,64514,512
Charge for year3,4816094,090
At 31 October 2411,3487,25418,602
Net book value
At 31 October 248,7222,01710,739
At 31 October 238,030328,062
5.Fixed asset investments
Other investments as detailed below comprise UK gold coins and a listed general investment account (GIA).

Other investments1

Total

££
Cost or valuation
At 01 November 2317,81717,817
Additions26,34326,343
Revaluations7,8837,883
Disposals(18,458)(18,458)
At 31 October 2433,58533,585
Net book value
At 31 October 2433,58533,585
At 31 October 2317,81717,817

Notes

1Other investments other than loans
6.Stocks

2024

2023

££
Work in progress-8,250
Total-8,250
7.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables7,50015,000
Prepayments and accrued income5,9267,253
Total13,42622,253
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
8.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts6,0006,000
Amounts owed to related parties357
Taxation and social security27,66024,944
Payments received on account-12,886
Other creditors648400
Accrued liabilities and deferred income1,710850
Total36,05345,087
Included within Bank borrowings and overdrafts is a Government Bounce Back loan totalling £6,000 (2023 £6,000) which is denominated in sterling. There are no fees or interest payable for the first 12 months, and thereafter the loan carries a nominal interest rate of 2.5%. The loan is repayable over 6 years, with no repayments in the first year, and with the final instalment due in July 2026. The overall carrying value of the loan as at the year-end is £10,500 (2023 £16,500).
9.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts4,50010,500
Total4,50010,500
Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Included within Bank borrowings and overdrafts is a Government Bounce Back loan totalling £4,500 (2023 £10,500) which is denominated in sterling. There are no fees or interest payable for the first 12 months, and thereafter the loan carries a nominal interest rate of 2.5%. The loan is repayable over 6 years, with no repayments in the first year, and with the final instalment due in July 2026. The overall carrying value of the loan as at the year-end is £10,500 (2023 £16,500).
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)2,4901,730
Total2,4901,730
11.Other commitments
The total amount of financial commitments not included in the balance sheet is £52,800 (2023 - £62,700). This commitment represents total office rental payments over the remaining 5 year lease term.