11 May 2023 false No description of principal activity Taxfiler 2024.4 14861325business:PrivateLimitedCompanyLtd2023-05-112024-05-31 148613252023-05-10 148613252023-05-112024-05-31 14861325business:AuditExempt-NoAccountantsReport2023-05-112024-05-31 14861325business:FilletedAccounts2023-05-112024-05-31 148613252024-05-31 14861325business:Director12023-05-112024-05-31 14861325core:WithinOneYear2024-05-31 14861325core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 14861325core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 14861325core:PreviouslyStatedAmount2024-05-31 14861325business:SmallEntities2023-05-112024-05-31 14861325countries:EnglandWales2023-05-112024-05-31 14861325core:MotorVehicles2023-05-10 14861325core:MotorVehicles2023-05-112024-05-31 14861325core:MotorVehicles2024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 14861325 (England and Wales)
Lovett Electrical Ltd Unaudited accounts for the period from 11 May 2023 to 31 May 2024
Lovett Electrical Ltd Unaudited accounts Contents
Page
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Lovett Electrical Ltd Company Information for the period from 11 May 2023 to 31 May 2024
Director
D Lovett
Company Number
14861325 (England and Wales)
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Lovett Electrical Ltd Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
7,356 
Current assets
Inventories
31,420 
Cash at bank and in hand
185,524 
216,944 
Creditors: amounts falling due within one year
(101,264)
Net current assets
115,680 
Net assets
123,036 
Capital and reserves
Called up share capital
100 
Profit and loss account
122,936 
Shareholders' funds
123,036 
For the period ending 31 May 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 director acknowledges his 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 and authorised for issue on 7 June 2024 and were signed on its behalf by
D Lovett Director Company Registration No. 14861325
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Lovett Electrical Ltd Notes to the Accounts for the period from 11 May 2023 to 31 May 2024
1
Statutory information
Lovett Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 14861325.
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 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:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 11 May 2023
- 
Additions
10,000 
At 31 May 2024
10,000 
Depreciation
Charge for the period
2,644 
At 31 May 2024
2,644 
Net book value
At 31 May 2024
7,356 
5
Creditors: amounts falling due within one year
2024 
£ 
VAT
8,298 
Taxes and social security
29,477 
Loans from directors
62,359 
Accruals
1,130 
101,264 
6
Average number of employees
During the period the average number of employees was 0.
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