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
LORVEN GLOBAL SERVICES LIMITED
Company Information
for the year ended 28 February 2023
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
LORVEN GLOBAL SERVICES LIMITED
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
9,192
41,388
Creditors: amounts falling due within one year
(9,189)
(21,909)
Net current assets
355,003
374,479
Net assets
355,918
375,394
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
LORVEN GLOBAL SERVICES LIMITED
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
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 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
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
At 1 March 2022
9,919
150
6,013
16,082
At 28 February 2023
9,919
150
6,013
16,082
At 28 February 2023
-
-
915
915
At 28 February 2022
-
-
915
915
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
Loans from directors
6,452
852
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).