IRIS Accounts Production v23.2.0.158 03714193 director 1.4.22 31.3.23 31.3.23 false true false false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure037141932022-03-31037141932023-03-31037141932022-04-012023-03-31037141932021-03-31037141932021-04-012022-03-31037141932022-03-3103714193ns16:EnglandWales2022-04-012023-03-3103714193ns15:PoundSterling2022-04-012023-03-3103714193ns11:Director12022-04-012023-03-3103714193ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3103714193ns11:SmallEntities2022-04-012023-03-3103714193ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3103714193ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103714193ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3103714193ns11:FullAccounts2022-04-012023-03-3103714193ns6:OtherJointVenturesTotalIndividuallyImmaterialJointVentures2022-04-012023-03-310371419312022-04-012023-03-3103714193ns11:OrdinaryShareClass12022-04-012023-03-3103714193ns11:CompanySecretary12022-04-012023-03-3103714193ns11:RegisteredOffice2022-04-012023-03-3103714193ns6:CurrentFinancialInstruments2023-03-3103714193ns6:CurrentFinancialInstruments2022-03-3103714193ns6:Non-currentFinancialInstruments2023-03-3103714193ns6:Non-currentFinancialInstruments2022-03-3103714193ns6:ShareCapital2023-03-3103714193ns6:ShareCapital2022-03-3103714193ns6:RetainedEarningsAccumulatedLosses2023-03-3103714193ns6:RetainedEarningsAccumulatedLosses2022-03-3103714193ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3103714193ns6:PatentsTrademarksLicencesConcessionsSimilar2022-04-012023-03-3103714193ns6:PlantMachinery2022-04-012023-03-3103714193ns6:FurnitureFittings2022-04-012023-03-3103714193ns6:ComputerEquipment2022-04-012023-03-3103714193ns6:PatentsTrademarksLicencesConcessionsSimilar2022-03-3103714193ns6:PatentsTrademarksLicencesConcessionsSimilar2023-03-3103714193ns6:PatentsTrademarksLicencesConcessionsSimilar2022-03-3103714193ns6:PlantMachinery2022-03-3103714193ns6:FurnitureFittings2022-03-3103714193ns6:ComputerEquipment2022-03-3103714193ns6:PlantMachinery2023-03-3103714193ns6:FurnitureFittings2023-03-3103714193ns6:ComputerEquipment2023-03-3103714193ns6:PlantMachinery2022-03-3103714193ns6:FurnitureFittings2022-03-3103714193ns6:ComputerEquipment2022-03-3103714193ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3103714193ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3103714193ns11:OrdinaryShareClass12023-03-3103714193ns11:Director112022-03-3103714193ns11:Director112021-03-3103714193ns11:Director112022-04-012023-03-3103714193ns11:Director112021-04-012022-03-3103714193ns11:Director112023-03-3103714193ns11:Director112022-03-31
REGISTERED NUMBER: 03714193 (England and Wales)


















Lovegrove Service Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Lovegrove Service Limited (Registered number: 03714193)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lovegrove Service Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr S Lovegrove





SECRETARY: Mrs S C Lovegrove





REGISTERED OFFICE: Delta 606
Welton Road
Delta Office Park
Swindon
SN5 7XF





REGISTERED NUMBER: 03714193 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

Lovegrove Service Limited (Registered number: 03714193)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,437 2,187
Tangible assets 5 29 302
Investments 6 6,263 6,263
7,729 8,752

CURRENT ASSETS
Debtors 7 84,026 106,415
Cash at bank 8,768 -
92,794 106,415
CREDITORS
Amounts falling due within one year 8 (70,467 ) (79,802 )
NET CURRENT ASSETS 22,327 26,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,056

35,365

CREDITORS
Amounts falling due after more than one
year

9

(29,986

)

(35,024

)
NET ASSETS 70 341

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 68 339
SHAREHOLDERS' FUNDS 70 341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Lovegrove Service Limited (Registered number: 03714193)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





Mr S Lovegrove - Director


Lovegrove Service Limited (Registered number: 03714193)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Lovegrove Service 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Investments in joint ventures undertaking are recognised at cost.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Lovegrove Service Limited (Registered number: 03714193)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2022
and 31 March 2023 7,607
AMORTISATION
At 1 April 2022 5,420
Amortisation for year 750
At 31 March 2023 6,170
NET BOOK VALUE
At 31 March 2023 1,437
At 31 March 2022 2,187

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 166 437 3,854 4,457
DEPRECIATION
At 1 April 2022 165 436 3,554 4,155
Charge for year - - 273 273
At 31 March 2023 165 436 3,827 4,428
NET BOOK VALUE
At 31 March 2023 1 1 27 29
At 31 March 2022 1 1 300 302

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2022
and 31 March 2023 6,263
NET BOOK VALUE
At 31 March 2023 6,263
At 31 March 2022 6,263

Lovegrove Service Limited (Registered number: 03714193)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,634 19,094
Other debtors 75,392 87,321
84,026 106,415

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,375 23,387
Taxation and social security 40,950 49,144
Other creditors 9,142 7,271
70,467 79,802

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 29,986 35,024

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,986 22,274

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr S Lovegrove
Balance outstanding at start of year 31,687 7,368
Amounts advanced 78,571 24,319
Amounts repaid (79,637 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,621 31,687