2024-01-01 2024-12-31 09693926 Lizard Concepts Limited false 09693926 2024-01-01 2024-12-31 09693926 uk-bus:Director1 2024-01-01 2024-12-31 09693926 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09693926 uk-bus:SmallEntities 2024-01-01 2024-12-31 09693926 uk-bus:FullAccounts 2024-01-01 2024-12-31 09693926 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09693926 2024-01-01 09693926 2024-12-31 09693926 2023-12-31 xbrli:pure iso4217:GBP 09693926 2023-01-01 2023-12-31
Company Registration Number : 09693926 (England and Wales)
09693926
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-12-31
false
Lizard Concepts Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-01-01
Lizard Concepts Limited
Unaudited filleted financial statements
For the year ended 31 December 2024
Lizard Concepts Limited
Contents
For the year ended 31 December 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


Lizard Concepts Limited
Company Information
For the year ended 31 December 2024

Company registration number 09693926 (England and Wales)
Directors Mr N Sanders
Mr R Sanders
Mrs V Sanders
Registered office address The Bay Hotel
North Corner, Coverack
Helston
Cornwall
TR12 6TF
Accountant Kitchen and Brown Accountants Ltd
Alpha House
40 Coinagehall Street
Helston
Cornwall
TR13 8EQ
Lizard Concepts Limited
Statement of Financial Position
For the year ended 31 December 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 22,500 52,500
Property, plant and equipment 1,570,286 1,575,270
5 1,592,786 1,627,770
Current assets
Inventories 5,725 5,850
Debtors 5,427 5,949
Cash and cash equivalents 22,580 30,480
33,731 42,280
Current liabilities
Creditors: Amounts falling due within one year (839,160) (762,277)
(839,160) (762,277)
Net current (liabilities)/assets (805,429) (719,998)
Total assets less current liabilities 787,357 907,772
Non-current liabilities
Creditors: Amounts falling due after more than one year (1,600,000) (1,600,000)
Net (liabilities)/assets (812,643) (692,228)
Capital and reserves
Called up share capital 3 3
Retained earnings (812,646) (692,231)
Shareholder's funds (812,643) (692,228)
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 December 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 10 June 2025
.............................
Mr N Sanders (Director)
Company registration number: 09693926
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-12-31 31 December 2024
2024 2023
£ £
Fixed Assets 1,592,786 1,627,770
Current Assets 33,731 42,280
Creditors: amounts falling due within one year (839,160) (762,277)
Net current assets/(liabilities) (805,429) (719,998)
Total assets less current liabilities 787,357 907,772
CREDITORS: Amounts falling due more than one year (1,600,000) (1,600,000)
Net Assets/(liabilities) (812,643) (692,228)
Capital and Reserves (812,643) (692,228)
For the year ending 31/12/2024 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. For the year ending 31-12-2024 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 for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 10 June 2025 2025-06-13 and signed on behalf of the board,
.............................
Mr N Sanders
Director
Company registration number: 09693926
Lizard Concepts Limited
Notes to the Financial Statements
For the year ended 31 December 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is The Bay Hotel, North Corner, Coverack, Helston, Cornwall, TR12 6TF.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound sterling (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of an unincorporated
business on 25 September 2015, is being amortised evenly over 10 years. In the opinion of the directors, this represents a prudent estimate of the period over which the company will derive
direct economic benefit from acquiring the business.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings15% reducing balance
Equipment
Motor Cars20% reducing balance
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Pensions
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which
they relate.
Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Employees
During the year, the average number of employees including director was 22 (2023 : 18).

(5) Fixed assets
Intangible

£
Tangible

£
Totals

£
Cost
As at 01 January 2024300,0001,714,7442,014,744
Additions-13,16613,166
Disposals-(2,224)(2,224)
As at 31 December 2024300,0001,725,6862,025,686
Depreciation/Amortisation
As at 01 January 2024247,500139,474386,974
For the year30,00017,19447,194
Write off on disposals-(1,268)(1,268)
As at 31 December 2024277,500155,400432,900
Net book value
As at 31 December 202422,5001,570,2861,592,786
As at 31 December 202352,5001,575,2701,627,770

(6) Creditors: Amounts Falling Due Within One Year
On 10 July 2020, the directors' loan accounts of Mr. NI B Sanders and Mrs. VE Sanders were assigned to their six children in equal shares. The loans of £639,639 (2023: £644,639) are unsecured, non-interest bearing and are repayable on demand. The loans are included within Other Creditors.

(7) Creditors: Amounts Falling Due After More Than One Year
On 10 July 2020, the loan of £1,600,000, formerly due to Mr. NI B Sanders and Mrs. VE Sanders, was assigned to their six children in equal shares. The loans are unsecured, and ultimately repayable on 30 September 2040. It has been agreed by the Company and the Noteholders that the interest of £3,000 per month will be rolled- up. Interest of Nil (2023: Nil) has been charged in the year.