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REGISTERED NUMBER: 00897324 (England and Wales)















LOVELOCK & BERRY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024






LOVELOCK & BERRY LIMITED (REGISTERED NUMBER: 00897324)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3 to 4


LOVELOCK & BERRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTOR: Mr L T Berry





REGISTERED OFFICE: The Thimbles
Covenham St. Mary
Louth
Lincolnshire
LN11 0PG





REGISTERED NUMBER: 00897324 (England and Wales)

LOVELOCK & BERRY LIMITED (REGISTERED NUMBER: 00897324)

ABRIDGED BALANCE SHEET
29TH FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 222,251 222,312
Investments 5 637 637
222,888 222,949

CURRENT ASSETS
Debtors 7,187 7,278
Cash at bank 31,769 26,241
38,956 33,519
CREDITORS
Amounts falling due within one year 6,101 12,964
NET CURRENT ASSETS 32,855 20,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,743

243,504

CAPITAL AND RESERVES
Called up share capital 620 620
Retained earnings 255,123 242,884
SHAREHOLDERS' FUNDS 255,743 243,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29th February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th April 2024 and were signed by:





Mr L T Berry - Director


LOVELOCK & BERRY LIMITED (REGISTERED NUMBER: 00897324)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Lovelock & Berry Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st March 2023 232,751
Disposals (10,500 )
At 29th February 2024 222,251
DEPRECIATION
At 1st March 2023 10,439
Charge for year 7
Eliminated on disposal (10,446 )
At 29th February 2024 -
NET BOOK VALUE
At 29th February 2024 222,251
At 28th February 2023 222,312

LOVELOCK & BERRY LIMITED (REGISTERED NUMBER: 00897324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st March 2023
and 29th February 2024 10
NET BOOK VALUE
At 29th February 2024 10
At 28th February 2023 10

Investments (neither listed nor unlisted) were as follows:
29.2.24 28.2.23
£    £   
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