BLACK & LIZARS LIMITED

BLACK & LIZARS LIMITED

BLACK & LIZARS LIMITED - Company Information

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BLACK & LIZARS LIMITED

Company Registration Number:
SC189423 (Scotland)

Unaudited abridged accounts for the year ended 30 September 2020

Period of accounts

Start date: 01 October 2019

End date: 30 September 2020

BLACK & LIZARS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2020

Balance sheet
Notes

BLACK & LIZARS LIMITED

Balance sheet

As at 30 September 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets: 3 331,004 409,735
Tangible assets: 4 1,843,041 2,089,840
Investments: 5 466,250 955,000
Total fixed assets: 2,640,295 3,454,575
Current assets
Stocks: 255,811 298,863
Debtors:   959,209 797,503
Cash at bank and in hand: 713,526 80,273
Total current assets: 1,928,546 1,176,639
Creditors: amounts falling due within one year:   (1,109,574) (1,406,874)
Net current assets (liabilities): 818,972 (230,235)
Total assets less current liabilities: 3,459,267 3,224,340
Creditors: amounts falling due after more than one year:   (6,428) (9,096)
Total net assets (liabilities): 3,452,839 3,215,244
Capital and reserves
Called up share capital: 1,189,000 1,189,000
Share premium account: 96,380 96,380
Profit and loss account: 2,167,459 1,929,864
Shareholders funds: 3,452,839 3,215,244

The notes form part of these financial statements

BLACK & LIZARS LIMITED

Balance sheet statements

For the year ending 30 September 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 August 2021
and signed on behalf of the board by:

Name: JOHN HARE
Status: Director

The notes form part of these financial statements

BLACK & LIZARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.

Tangible fixed assets and depreciation policy

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:If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates

Intangible fixed assets and amortisation policy

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years

Valuation and information policy

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 stocks to their present location and condition.

Other accounting policies

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.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.When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

BLACK & LIZARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2020

2. Employees

2020 2019
Average number of employees during the period 127 194

BLACK & LIZARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2020

3. Intangible Assets

Total
Cost £
At 01 October 2019 849,262
At 30 September 2020 849,262
Amortisation
At 01 October 2019 439,527
Charge for year 78,731
At 30 September 2020 518,258
Net book value
At 30 September 2020 331,004
At 30 September 2019 409,735

BLACK & LIZARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2020

4. Tangible Assets

Total
Cost £
At 01 October 2019 5,769,173
At 30 September 2020 5,769,173
Depreciation
At 01 October 2019 3,679,333
Charge for year 246,799
At 30 September 2020 3,926,132
Net book value
At 30 September 2020 1,843,041
At 30 September 2019 2,089,840

BLACK & LIZARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2020

5. Fixed investments

Cost as at 1 October 2019 955,000Disposals in year (488,750)Carrying amount at 30 September 2020 466,250