16 May 2023 false No description of principal activity Taxfiler 2024.5 14872034business:PrivateLimitedCompanyLtd2023-05-162024-03-31 148720342023-05-15 148720342023-05-162024-03-31 14872034business:AuditExemptWithAccountantsReport2023-05-162024-03-31 14872034business:FilletedAccounts2023-05-162024-03-31 148720342024-03-31 14872034business:Director12023-05-162024-03-31 14872034business:Director22023-05-162024-03-31 14872034business:Director32023-05-162024-03-31 14872034business:Director42023-05-162024-03-31 14872034core:WithinOneYear2024-03-31 14872034core:AfterOneYear2024-03-31 14872034core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 14872034core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 14872034core:PreviouslyStatedAmount2024-03-31 14872034business:SmallEntities2023-05-162024-03-31 14872034countries:EnglandWales2023-05-162024-03-31 14872034core:MotorVehicles2023-05-162024-03-31 14872034core:ComputerEquipment2023-05-162024-03-31 14872034core:MotorVehicles2023-05-15 14872034core:ComputerEquipment2023-05-15 14872034core:MotorVehicles2024-03-31 14872034core:ComputerEquipment2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 14872034 (England and Wales)
LV Technical Services Ltd Unaudited accounts for the period from 16 May 2023 to 31 March 2024
LV Technical Services Ltd Unaudited accounts Contents
Page
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LV Technical Services Ltd Company Information for the period from 16 May 2023 to 31 March 2024
Directors
Ferzana Ashraf Ben Hayden Iain Mitchell Dara O'Donnell
Company Number
14872034 (England and Wales)
Accountants
Black & White Chartered Certified Accountants 2-3 Stable Court Herriard Park Herriard Hampshire RG25 2PL
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LV Technical Services Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
26,329 
Current assets
Debtors
47,431 
Cash at bank and in hand
79,826 
127,257 
Creditors: amounts falling due within one year
(16,969)
Net current assets
110,288 
Total assets less current liabilities
136,617 
Creditors: amounts falling due after more than one year
(12,128)
Net assets
124,489 
Capital and reserves
Called up share capital
100 
Profit and loss account
124,389 
Shareholders' funds
124,489 
For the period ending 31 March 2024 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 30 July 2024 and were signed on its behalf by
Ben Hayden Director Company Registration No. 14872034
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LV Technical Services Ltd Notes to the Accounts for the period from 16 May 2023 to 31 March 2024
1
Statutory information
LV Technical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 14872034.
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
These financial statements for the period from 16 May 2023 to 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 16 May 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Motor vehicles
25% SL
Computer equipment
25% RB
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 16 May 2023
- 
- 
- 
Additions
31,997 
3,108 
35,105 
At 31 March 2024
31,997 
3,108 
35,105 
Depreciation
Charge for the period
7,999 
777 
8,776 
At 31 March 2024
7,999 
777 
8,776 
Net book value
At 31 March 2024
23,998 
2,331 
26,329 
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LV Technical Services Ltd Notes to the Accounts for the period from 16 May 2023 to 31 March 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
47,431 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
3,864 
Obligations under finance leases and hire purchase contracts
5,640 
Trade creditors
37,245 
Taxes and social security
(32,320)
Loans from directors
1,690 
Accruals
850 
16,969 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Obligations under finance leases and hire purchase contracts
12,128 
8
Average number of employees
During the period the average number of employees was 0.
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