Lovett Services Ltd 14241341 false 2022-07-18 2023-07-31 2023-07-31 The principal activity of the company is that of manufacture of other builders' carpentry and joinery. Digita Accounts Production Advanced 6.30.9574.0 true 14241341 2022-07-18 2023-07-31 14241341 2023-07-31 14241341 bus:OrdinaryShareClass1 2023-07-31 14241341 bus:Original 2023-07-31 14241341 core:RetainedEarningsAccumulatedLosses 2023-07-31 14241341 core:ShareCapital 2023-07-31 14241341 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 14241341 core:FurnitureFittings 2023-07-31 14241341 bus:SmallEntities 2022-07-18 2023-07-31 14241341 bus:AuditExemptWithAccountantsReport 2022-07-18 2023-07-31 14241341 bus:FullAccounts 2022-07-18 2023-07-31 14241341 bus:SmallCompaniesRegimeForAccounts 2022-07-18 2023-07-31 14241341 bus:RegisteredOffice 2022-07-18 2023-07-31 14241341 bus:Director1 2022-07-18 2023-07-31 14241341 bus:OrdinaryShareClass1 2022-07-18 2023-07-31 14241341 bus:PrivateLimitedCompanyLtd 2022-07-18 2023-07-31 14241341 core:FurnitureFittings 2022-07-18 2023-07-31 14241341 core:FurnitureFittingsToolsEquipment 2022-07-18 2023-07-31 14241341 countries:AllCountries 2022-07-18 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14241341

Lovett Services Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Period from 18 July 2022 to 31 July 2023

 

Lovett Services Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Lovett Services Ltd

Company Information

Director

C E Lovett

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Lovett Services Ltd

(Registration number: 14241341)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

Fixed assets

 

Tangible assets

3

549

Current assets

 

Cash at bank and in hand

 

20,743

Creditors: Amounts falling due within one year

(12,266)

Net current assets

 

8,477

Net assets

 

9,026

Capital and reserves

 

Called up share capital

1

Retained earnings

9,025

Shareholders' funds

 

9,026

For the financial period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 18 January 2024
 

.........................................
C E Lovett
Director

 

Lovett Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 18 July 2022 to 31 July 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture

33.3% straight line basis

 

Lovett Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 18 July 2022 to 31 July 2023

2

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

3

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

Additions

823

823

At 31 July 2023

823

823

Depreciation

Charge for the period

274

274

At 31 July 2023

274

274

Carrying amount

At 31 July 2023

549

549

4

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary of £1 each

1

1