REGISTERED NUMBER: 04193991 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

LUZZO BESPOKE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B C Challenger

REGISTERED OFFICE:

Claydons Barns

11 Towcester Road

Whittlebury

Northants

NN12 8XU

REGISTERED NUMBER:

04193991 (England and Wales)

ACCOUNTANTS:

Neuhoff & Co

Chartered Accountants

Claydons Barns

11 Towcester Road

Whittlebury

Northamptonshire

NN12 8XU

BANKERS:

Lloyds TSB

30 Market Place

Brackley

Northamptonshire

NN13 7BA

FIXED ASSETS

Tangible assets

4

717,058

580,668

CURRENT ASSETS

Stocks

440,726

419,507

Debtors

5

619,181

707,135

Cash at bank and in hand

41,136

44,153

1,101,043

1,170,795

CREDITORS

Amounts falling due within one year

6

(689,009

)

(621,701

)

NET CURRENT ASSETS

412,034

549,094

TOTAL ASSETS LESS CURRENT LIABILITIES

1,129,092

1,129,762

CREDITORS

Amounts falling due after more than one year

7

(718,972

)

(695,994

)

PROVISIONS FOR LIABILITIES

(69,816

)

(75,728

)

NET ASSETS

340,304

358,040

CAPITAL AND RESERVES

Called up share capital

30,000

30,000

Capital redemption reserve

50,000

50,000

Retained earnings

260,304

278,040

SHAREHOLDERS' FUNDS

340,304

358,040

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2026 and were signed by:

B C Challenger - Director

1.	STATUTORY INFORMATION

Luzzo Bespoke 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The Director considers that the company has adequate financial resources to continue in operational existence for the foreseeable future and to meet its liabilities as they fall due. Therefore the Director continues to adopt the going concern basis of accounting in preparing the Financial Statements.

Turnover

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

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, 20% on cost and at varying rates on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their 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.

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.

Interest payable under hire-purchase agreements is charged using the Effective Interest Method (EIM) where applicable.

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 22 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

1,703,255

Additions

328,144

Disposals

(181,319

)

At 31 December 2025

1,850,080

DEPRECIATION

At 1 January 2025

1,122,587

Charge for year

191,754

Eliminated on disposal

(181,319

)

At 31 December 2025

1,133,022

NET BOOK VALUE

At 31 December 2025

717,058

At 31 December 2024

580,668

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

445,180

544,998

Other debtors

174,001

162,137

619,181

707,135

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

227,877

190,938

Trade creditors

154,963

176,941

Taxation and social security

113,051

82,473

Other creditors

193,118

171,349

689,009

621,701

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

374,392

291,414

Other creditors

344,580

404,580

718,972

695,994

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

65,000

125,000

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due between two and five years:

Other loans - 2-5 years

240,000

240,000

Preference shares

39,580

39,580

279,580

279,580

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

65,000

125,000

The company has received funding from its major shareholder Automotive Trim Developments Limited (ATD) and agreement has been reached regarding the repayment of the sum owed. The financial statements reflect the amounts due within one year and those repayable after one year in accordance with that agreement.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

305,000

365,000

The company borrowed the sum of £208,000 in May 2009 from the Luzzo Bespoke Retirement and Death Benefit Scheme (formerly the Frazero Retirement and Death Benefit Scheme) . This debt was repaid in full during the year ended 31 December 2023.

On 19 May 2010 a Rent Deposit Deed was created between the company and Midwinter Property Holdings Limited, the company's landlord. The deed secures that part of the annual rent which was covered by the amount of the Rent Deposit held on behalf of the landlord in respect of a lease dated 27 April 2009.

Included in other creditors is an amount of £101,226 outstanding to Investec Commercial Finance Limited (2024 - 70,575) under the terms of a Receivables Finance Agreement dated 18 September 2017. These funds are secured by a Fixed and Floating charge dated 10 October 2017 on the assets of the company.

10.	FINANCIAL INSTRUMENTS

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related third parties and investments in non-puttable ordinary shares.

11.	OTHER FINANCIAL COMMITMENTS

At 31 December 2025 the company had financial commitments totalling £326,122 under non-cancellable operating leases over the remaining life of those leases. (2024 - £489,654).