REGISTERED NUMBER: 08641771 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LZGOVENEK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Mitchell

Mrs Y D Mitchell

SECRETARY:

Mrs Y D Mitchell

REGISTERED OFFICE:

Bryndon House

5-7 Berry Road

Newquay

Cornwall

TR7 1AD

REGISTERED NUMBER:

08641771 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Intangible assets

4

-

66,000

Tangible assets

5

11,965

84,270

11,965

150,270

CURRENT ASSETS

Debtors

6

119,427

755

Cash at bank

25,911

3,584

145,338

4,339

CREDITORS

Amounts falling due within one year

7

72,312

135,770

NET CURRENT ASSETS/(LIABILITIES)

73,026

(131,431

)

TOTAL ASSETS LESS CURRENT LIABILITIES

84,991

18,839

CREDITORS

Amounts falling due after more than one year

8

(9,167

)

-

PROVISIONS FOR LIABILITIES

(2,992

)

(13,353

)

NET ASSETS

72,832

5,486

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

72,632

5,286

SHAREHOLDERS' FUNDS

72,832

5,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:

P J Mitchell - Director

Mrs Y D Mitchell - Director

1.	STATUTORY INFORMATION

LZGOVENEK 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

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

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.

Patents and licences are being amortised evenly over their estimated useful life of nil 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

-

at variable rates

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2024

66,000

Disposals

(66,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

66,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

252,591

Additions

9,120

Disposals

(242,377

)

At 31 March 2025

19,334

DEPRECIATION

At 1 April 2024

168,321

Charge for year

2,774

Eliminated on disposal

(163,726

)

At 31 March 2025

7,369

NET BOOK VALUE

At 31 March 2025

11,965

At 31 March 2024

84,270

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

108,334

755

Directors' current accounts

11,093

-

119,427

755

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

29,167

Tax

59,135

3,187

Social security and other taxes

1,000

1,500

VAT

511

-

Other creditors

-

56,062

Directors' current accounts

-

44,379

Accruals and deferred income

1,666

1,475

72,312

135,770

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

9,167

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

P J Mitchell and Mrs Y D Mitchell

Balance outstanding at start of year

(44,379

)

(59,930

)

Amounts advanced

162,931

108,332

Amounts repaid

(107,459

)

(92,781

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,093

(44,379

)

Interest has been charged on the overdrawn directors' current account at the HM Revenue and Customs approved rate. The balance was repaid within 9 months of the year end.

10.	RELATED PARTY DISCLOSURES

The company is controlled by its director, by virue of the fact that the director owns 100% of the company's issued share capital.