Lizzb Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09542976 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

LIZZB LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss S D Saidi

Ms G N Saidi

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

09542976 (England and Wales)

ACCOUNTANTS:

BTMR Limited

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

BANKERS:

Barclays Bank PLC

George Street

Richmond

TW9 1JU

FIXED ASSETS

Tangible assets

3

134

178

CURRENT ASSETS

Stocks

5,529

6,552

Debtors

4

2,912

2,329

Cash at bank

2,582

5,162

11,023

14,043

CREDITORS

Amounts falling due within one year

5

76,775

39,394

NET CURRENT LIABILITIES

(65,752

)

(25,351

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(65,618

)

(25,173

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(65,620

)

(25,175

)

SHAREHOLDERS' FUNDS

(65,618

)

(25,173

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19 September 2019 and were signed on its behalf by:

Miss S D Saidi - Director

1.	STATUTORY INFORMATION

Lizzb Ltd 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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration

in exchange for its performance of its obligations under the sales contract with the customer. The amount

reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual

arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are initially recorded at cost.

Stocks

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

slow moving items.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any

contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2018

and 30 April 2019

354

650

1,004

DEPRECIATION

At 1 May 2018

176

650

826

Charge for year

44

-

44

At 30 April 2019

220

650

870

NET BOOK VALUE

At 30 April 2019

134

-

134

At 30 April 2018

178

-

178

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Other debtors

2,912

2,329

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Other creditors

76,775

39,394

6.	BASIS OF PREPARATION

The financial statements have been prepared on a going concern basis, the applicability of which is dependent

upon the continued support of its creditors and financiers. At the balance sheet date the company had net

liabilities of £65,618 (2018:£25,173) and a reported loss of £40,445 (2018:£13,899).

In the opinion of the directors, the company has the support of its creditors and financiers for the foreseeable

future and it is therefore appropriate to adopt the going concern basis.