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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
LJZ Limited is a private limited liability company incorporated in England and Wales. It's registered office address in at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.
The priniciple activity of the company continued to be that of acting as an introducer.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting activities and policies have been applied:
The following principal accounting policies have been applied:
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Basic financial instruments
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The company only enters into transactions that result in in basic financial instruments such as trade and other debtors, other creditors, cash at bank and in hand and loans from related parties.
Trade debtors and other debtors are recognised initally at the transaction price less attributable transaction costs. Other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Sebsequently they are measured at amortised cost using the effective interest method, less any impairement losses in the case of trade and other debtors.
Cash at bank and in hand comprise cash balances and call deposits.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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