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Company Registration No. 09369277 (England and Wales)
M J Lovell Caravans Ltd Unaudited accounts for the year ended 31 December 2023
M J Lovell Caravans Ltd Unaudited accounts Contents
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M J Lovell Caravans Ltd Company Information for the year ended 31 December 2023
Directors
Martin John Lovell Samuel Lovell
Company Number
09369277 (England and Wales)
Registered Office
99 WORSTON ROAD HIGHBRIDGE SOMERSET TA9 3JX
Accountants
Poolbridge Accountancy Limited Forge Enterprise Centre 3 Church Road, West Huntspill Highbridge Somerset TA9 3RN
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M J Lovell Caravans Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,375 
12,376 
Current assets
Debtors
23,382 
6,080 
Cash at bank and in hand
104,495 
86,973 
127,877 
93,053 
Creditors: amounts falling due within one year
(85,821)
(75,083)
Net current assets
42,056 
17,970 
Net assets
52,431 
30,346 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
52,331 
30,246 
Shareholders' funds
52,431 
30,346 
For the year ending 31 December 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 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 23 April 2024 and were signed on its behalf by
Samuel Lovell Director Company Registration No. 09369277
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M J Lovell Caravans Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
M J Lovell Caravans Ltd is a private company, limited by shares, registered in England and Wales, registration number 09369277. The registered office is 99 WORSTON ROAD, HIGHBRIDGE, SOMERSET, TA9 3JX.
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
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
19,727 
524 
20,251 
Additions
- 
1,068 
1,068 
At 31 December 2023
19,727 
1,592 
21,319 
Depreciation
At 1 January 2023
7,744 
131 
7,875 
Charge for the year
2,996 
73 
3,069 
At 31 December 2023
10,740 
204 
10,944 
Net book value
At 31 December 2023
8,987 
1,388 
10,375 
At 31 December 2022
11,983 
393 
12,376 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,382 
6,080 
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M J Lovell Caravans Ltd Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
24,951 
34,841 
VAT
8,699 
11,248 
Obligations under finance leases and hire purchase contracts
3,078 
4,418 
Trade creditors
800 
- 
Taxes and social security
31,494 
12,931 
Other creditors
9 
51 
Loans from directors
14,562 
11,594 
Accruals
2,228 
- 
85,821 
75,083 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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