REGISTERED NUMBER: 11905559 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

LAZZARINI LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr V Lazzarini

REGISTERED OFFICE:

The Cheeseyard Knutsford

69 King Street

Knutsford

Cheshire

WA16 6DX

REGISTERED NUMBER:

11905559 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Intangible assets

4

8,927

11,159

Tangible assets

5

18,245

13,632

27,172

24,791

CURRENT ASSETS

Stocks

2,146

2,020

Debtors

6

15,636

16,755

Cash at bank and in hand

9,672

15,475

27,454

34,250

CREDITORS

Amounts falling due within one year

7

28,356

25,396

NET CURRENT (LIABILITIES)/ASSETS

(902

)

8,854

TOTAL ASSETS LESS CURRENT LIABILITIES

26,270

33,645

CREDITORS

Amounts falling due after more than one year

8

(21,243

)

(26,096

)

PROVISIONS FOR LIABILITIES

9

(3,467

)

(3,408

)

NET ASSETS

1,560

4,141

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

1,460

4,041

SHAREHOLDERS' FUNDS

1,560

4,141

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2025 and were signed by:

Mr V Lazzarini - Director

1.	STATUTORY INFORMATION

Lazzarini 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 represents the total amount receivable by the company for goods supplied and services provided, excluding value added tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

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 etc

-

33% on cost, 25% on reducing balance, 25% on cost and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

22,319

AMORTISATION

At 1 June 2024

11,160

Charge for year

2,232

At 31 May 2025

13,392

NET BOOK VALUE

At 31 May 2025

8,927

At 31 May 2024

11,159

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

26,975

Additions

8,157

At 31 May 2025

35,132

DEPRECIATION

At 1 June 2024

13,343

Charge for year

3,544

At 31 May 2025

16,887

NET BOOK VALUE

At 31 May 2025

18,245

At 31 May 2024

13,632

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Trade debtors

5,236

5,791

Other debtors

10,400

10,964

15,636

16,755

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans and overdrafts

4,853

4,793

Taxation and social security

2,265

896

Other creditors

21,238

19,707

28,356

25,396

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans

21,243

26,096

9.	PROVISIONS FOR LIABILITIES

31/5/25

31/5/24

£

£

Deferred tax

3,467

3,408

Deferred

tax

£

Balance at 1 June 2024

3,408

Charge to Statement of Income and Retained Earnings during year

59

Balance at 31 May 2025

3,467

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/25

31/5/24

value:

£

£

100

Ordinary

£1

100

100