LOZI LIMITED

Company Registration Number:
04170199 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

LOZI LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

LOZI LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 62,747 71,733
Total fixed assets: 62,747 71,733
Current assets
Debtors:   750 100
Cash at bank and in hand: 2,908 1,214
Total current assets: 3,658 1,314
Creditors: amounts falling due within one year:   (904,885) (834,080)
Net current assets (liabilities): (901,227) (832,766)
Total assets less current liabilities: (838,480) (761,033)
Creditors: amounts falling due after more than one year:   (1,948,514) (2,025,872)
Total net assets (liabilities): (2,786,994) (2,786,905)
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (2,787,994) (2,787,905)
Shareholders funds: (2,786,994) (2,786,905)

The notes form part of these financial statements

LOZI LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 November 2024
and signed on behalf of the board by:

Name: Dr H M Fernandes
Status: Director

The notes form part of these financial statements

LOZI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents and invoiced amount of event management goods and services issued during the year, excluding value added tax

Tangible fixed assets and depreciation policy

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% on cost and 10% on cost

Intangible fixed assets and amortisation policy

Goodwill Goodwill in connection with the acquisition of a business in 2001 has been fully written off.

Other accounting policies

Hire purchase and leasing commitments Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LOZI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 3 2

LOZI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 1,872,015
Additions 725
At 31 March 2024 1,872,740
Depreciation
At 01 April 2023 1,800,282
Charge for year 9,711
At 31 March 2024 1,809,993
Net book value
At 31 March 2024 62,747
At 31 March 2023 71,733

LOZI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Related party transactions

At the year end £904,385 was owed to Helen Fernandes Medicolegal Enterprises Limited, another member of the group. The creditor falling due after more than one year is a loan due to the director. The controlling party is Lufflick Holdings Limited. The ultimate controlling party is Dr H M Fernandes.