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Company Registration No. 8895390 (England and Wales)
LORVEN GLOBAL SERVICES LIMITED Unaudited accounts for the year ended 28 February 2023
LORVEN GLOBAL SERVICES LIMITED Unaudited accounts Contents
Page
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LORVEN GLOBAL SERVICES LIMITED Company Information for the year ended 28 February 2023
Director
Swapna Konda
Company Number
8895390 (England and Wales)
Registered Office
6 Leslie Gardens Sutton SM2 6QU
Accountants
VSCT Tax Consultancy Ltd Chartered Certified Accountants and Tax Advisers 406 Brighton Road South Croydon CR2 6AN
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LORVEN GLOBAL SERVICES LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
915 
915 
Current assets
Debtors
355,000 
355,000 
Cash at bank and in hand
9,192 
41,388 
364,192 
396,388 
Creditors: amounts falling due within one year
(9,189)
(21,909)
Net current assets
355,003 
374,479 
Net assets
355,918 
375,394 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
355,818 
375,294 
Shareholders' funds
355,918 
375,394 
For the year ending 28 February 2023 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 director acknowledges her 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 and authorised for issue on 29 November 2023 and were signed on its behalf by
Swapna Konda Director Company Registration No. 8895390
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LORVEN GLOBAL SERVICES LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
LORVEN GLOBAL SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8895390. The registered office is 6 Leslie Gardens, Sutton, SM2 6QU.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Pension costs
The company operates a defined contribution scheme for the beenefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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:
Motor vehicles
25% on a reducing balance basis
Fixtures & fittings
25% on a reducing balance basis
Computer equipment
25% on a reducing balance basis
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LORVEN GLOBAL SERVICES LIMITED Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
9,919 
150 
6,928 
16,997 
At 28 February 2023
9,919 
150 
6,928 
16,997 
Depreciation
At 1 March 2022
9,919 
150 
6,013 
16,082 
At 28 February 2023
9,919 
150 
6,013 
16,082 
Net book value
At 28 February 2023
- 
- 
915 
915 
At 28 February 2022
- 
- 
915 
915 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
355,000 
355,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,417 
21,057 
Other creditors
1,320 
- 
Loans from directors
6,452 
852 
9,189 
21,909 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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