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Company Registration No. 07473158 (England and Wales)
IAN LOVERIDGE LIMITED Unaudited accounts for the year ended 31 December 2022
IAN LOVERIDGE LIMITED Unaudited accounts Contents
Page
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IAN LOVERIDGE LIMITED Company Information for the year ended 31 December 2022
Directors
Mr Ian Loveridge Mrs Leslea Loveridge
Company Number
07473158 (England and Wales)
Registered Office
26 OLIVIER ROAD SWINDON SN25 4XF
Accountants
Accounts On Us Ltd Suite 5, Crowood House Gipsy Lane Swindon Wilts SN2 8YY
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IAN LOVERIDGE LIMITED Accountants' report
Accountants' report to the board of directors of IAN LOVERIDGE LIMITED (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2022.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 December 2022. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Accounts On Us Ltd Suite 5, Crowood House Gipsy Lane Swindon Wilts SN2 8YY 14 September 2023
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IAN LOVERIDGE LIMITED Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,097 
5,121 
Current assets
Debtors
- 
1,512 
Cash at bank and in hand
(798)
(798)
(798)
714 
Creditors: amounts falling due within one year
6,744 
7,404 
Net current assets
5,946 
8,118 
Total assets less current liabilities
10,043 
13,239 
Creditors: amounts falling due after more than one year
(9,942)
(13,137)
Net assets
101 
102 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1 
2 
Shareholders' funds
101 
102 
For the year ending 31 December 2022 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2023 and were signed on its behalf by
Mr Ian Loveridge Director Company Registration No. 07473158
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IAN LOVERIDGE LIMITED Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
IAN LOVERIDGE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07473158. The registered office is 26 OLIVIER ROAD, SWINDON, SN25 4XF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
17,083 
1,134 
18,217 
At 31 December 2022
17,083 
1,134 
18,217 
Depreciation
At 1 January 2022
12,146 
950 
13,096 
Charge for the year
987 
37 
1,024 
At 31 December 2022
13,133 
987 
14,120 
Net book value
At 31 December 2022
3,950 
147 
4,097 
At 31 December 2021
4,937 
184 
5,121 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
1,512 
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IAN LOVERIDGE LIMITED Notes to the Accounts for the year ended 31 December 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
1,463 
Taxes and social security
16,572 
18,479 
Other creditors
12,961 
10,223 
Loans from directors
(37,345)
(38,505)
Accruals
1,068 
936 
(6,744)
(7,404)
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
9,942 
13,137 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Ian Loveridge
Drawings from Ian Loveridge Limited
38,505 
46,322 
47,482 
37,345 
38,505 
46,322 
47,482 
37,345 
Directors Loan payments made during the period ending 31/12/2022 and not repaid - £37,345.00 Interest rate applicable 2.25%
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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