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REGISTERED NUMBER: 12469134 (England and Wales)
























LOVELACE CONSULTANCY LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






LOVELACE CONSULTANCY LTD (REGISTERED NUMBER: 12469134)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOVELACE CONSULTANCY LTD

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: E Dickerson
O Vondervelden





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 12469134 (England and Wales)





ACCOUNTANTS: N J Churcher Limited
Chartered Tax Advisers
44 Ridgeway
Weston Favell
Northampton
Northamptonshire
NN3 3AN

LOVELACE CONSULTANCY LTD (REGISTERED NUMBER: 12469134)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,501 5,836

CURRENT ASSETS
Debtors 5 98,917 105,702
Cash at bank 29,937 24,588
128,854 130,290
CREDITORS
Amounts falling due within one year 6 175,498 86,618
NET CURRENT (LIABILITIES)/ASSETS (46,644 ) 43,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,143

)

49,508

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (41,145 ) 49,506
(41,143 ) 49,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LOVELACE CONSULTANCY LTD (REGISTERED NUMBER: 12469134)

BALANCE SHEET - continued
31 DECEMBER 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:




E Dickerson - Director



O Vondervelden - Director


LOVELACE CONSULTANCY LTD (REGISTERED NUMBER: 12469134)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023


1. STATUTORY INFORMATION

Lovelace Consultancy Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements are prepared on the going concern basis as the directors believe there will be sufficient cash to meet liabilities as and when they fall due during the period of assessment to 12 months from the date of signing the accounts. The company's ultimate parent undertaking has confirmed to the directors that it will not request the repayment of intercompany loans of £154,426 unless the company has the facilities to repay them.

LOVELACE CONSULTANCY LTD (REGISTERED NUMBER: 12469134)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 7,372
Additions 1,498
At 31 December 2023 8,870
DEPRECIATION
At 1 January 2023 1,536
Charge for year 1,833
At 31 December 2023 3,369
NET BOOK VALUE
At 31 December 2023 5,501
At 31 December 2022 5,836

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,894 33,384
Other debtors 79,023 72,318
98,917 105,702

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 10,024 4,966
Other creditors 165,474 81,652
175,498 86,618