REGISTERED NUMBER: 07116813 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

LIZZANNO PARTITIONS (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M S Johal

Mrs F Johal

SECRETARY:

Mrs F Johal

REGISTERED OFFICE:

European House

Abbey Point

Abbey Road

London

NW10 7DD

REGISTERED NUMBER:

07116813 (England and Wales)

AUDITORS:

Ward Divecha Limited

Chartered Accountants &

Statutory Auditors

29 Welbeck Street

London

W1G 8DA

FIXED ASSETS

Intangible assets

4

350

410

Tangible assets

5

1,032

1,735

1,382

2,145

CURRENT ASSETS

Stocks

113,439

80,241

Debtors

6

964,623

1,073,823

Cash at bank

346,959

478,092

1,425,021

1,632,156

CREDITORS

Amounts falling due within one year

7

324,314

599,783

NET CURRENT ASSETS

1,100,707

1,032,373

TOTAL ASSETS LESS CURRENT LIABILITIES

1,102,089

1,034,518

PROVISIONS FOR LIABILITIES

8

258

548

NET ASSETS

1,101,831

1,033,970

CAPITAL AND RESERVES

Called up share capital

220,465

220,465

Retained earnings

881,366

813,505

1,101,831

1,033,970

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 24 April 2026 and were signed on its behalf by:

M S Johal - Director

1.	STATUTORY INFORMATION

Lizzanno Partitions (UK) 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.

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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Development cost

-

3 years

Trade marks

-

10 % straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent ccumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & machinery

-

10% straight line

Fixtures & fittings

-

25% straight line

Motor vehicles

-

25% straight line

Equipment

-

10 % straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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.

Research and development

Development expenditure relates to the development of partition systems and is capitalised when the requirements of FRS 102 are met. Development expenditure incurred on clearly defined projects whose outcome can be assessed with reasonable certainty and whose future sales revenue will exceed costs incurred in the development of the products is carried forward and amortised on a systematic basis over the lesser of the life of the project or 3 years.

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

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Going concern

In accordance with their responsibilities, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.

For this purpose, the directors have considered the adequacy of the company's cash resources covering the period 12 months ahead of the approval of these financial statements.

The directors have reasonable expectations that the company has adequate resources to continue in operational existence. For this reason, the directors continue to adopt the going concern basis in preparing these financial statements.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Development

licences

costs

Totals

£

£

£

COST

At 1 May 2024

and 30 April 2025

3,460

334,750

338,210

AMORTISATION

At 1 May 2024

3,050

334,750

337,800

Amortisation for year

60

-

60

At 30 April 2025

3,110

334,750

337,860

NET BOOK VALUE

At 30 April 2025

350

-

350

At 30 April 2024

410

-

410

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 May 2024

42,296

23,602

6,788

72,686

Reclassification/transfer

(398

)

398

-

-

At 30 April 2025

41,898

24,000

6,788

72,686

DEPRECIATION

At 1 May 2024

42,295

21,868

6,788

70,951

Charge for year

57

647

-

704

Reclassification/transfer

(741

)

740

-

(1

)

At 30 April 2025

41,611

23,255

6,788

71,654

NET BOOK VALUE

At 30 April 2025

287

745

-

1,032

At 30 April 2024

1

1,734

-

1,735

6.

DEBTORS

2025

2024

as restated

£

£

Amounts falling due within one year:

Trade debtors

106,408

172,791

Other debtors

58,215

101,032

164,623

273,823

Amounts falling due after more than one year:

Amounts owed by associates

800,000

800,000

Aggregate amounts

964,623

1,073,823

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade creditors

132,187

213,207

Amounts owed to associates

151,399

94,899

Tax

22,778

27,958

Social security and other taxes

6,537

6,413

Other creditors

2,000

2,000

Accruals and deferred income

9,413

255,306

324,314

599,783

8.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

£

£

Deferred tax

258

548

Deferred

tax

£

Balance at 1 May 2024

548

Utilised during year

(290

)

Balance at 30 April 2025

258

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adil Divecha (Senior Statutory Auditor)

for and on behalf of Ward Divecha Limited

10.	RELATED PARTY DISCLOSURES

At 30 April 2025, creditors, amounts falling due within one year, included amounts owed to related parties, which included an amount of £2,000 (2024: £2,000), in respect of a joint directors' loan account. The loan is interest free, unsecured and has no fixed term of repayment.

At 30 April 2025, creditors, amounts falling due within one year, included amounts owed to associated company of £151,399 (2024: £94,899). The balances relate to loans from companies under common control. The loans are interest-free, unsecured and repayable on demand.

At 30 April 2025, debtors also include amounts due from associated company of £800,000 (2024: £800,000).

The balances relate to amounts due from companies under common control and are unsecured and interest-free. The amounts are due after more than one year.

During the year, the company purchased goods and services from related parties under common control totalling £228,657 (2024: £675,847).