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
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
M J Lovell Caravans Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
10,375
12,376
Cash at bank and in hand
104,495
86,973
Creditors: amounts falling due within one year
(85,821)
(75,083)
Net current assets
42,056
17,970
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
M J Lovell Caravans Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
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
At 31 December 2023
19,727
1,592
21,319
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
At 31 December 2023
8,987
1,388
10,375
At 31 December 2022
11,983
393
12,376
Amounts falling due within one year
Trade debtors
23,382
6,080
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
Obligations under finance leases and hire purchase contracts
3,078
4,418
Taxes and social security
31,494
12,931
Loans from directors
14,562
11,594
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).