0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,138 1,698 3,836 1,374 959 2,333 1,503 764 xbrli:pure xbrli:shares iso4217:GBP 09525075 2023-04-01 2024-03-30 09525075 2024-03-30 09525075 2023-03-31 09525075 2022-04-01 2023-03-31 09525075 2023-03-31 09525075 2022-03-31 09525075 bus:RegisteredOffice 2023-04-01 2024-03-30 09525075 bus:LeadAgentIfApplicable 2023-04-01 2024-03-30 09525075 bus:Director1 2023-04-01 2024-03-30 09525075 core:WithinOneYear 2024-03-30 09525075 core:WithinOneYear 2023-03-31 09525075 core:ShareCapital 2024-03-30 09525075 core:ShareCapital 2023-03-31 09525075 core:RetainedEarningsAccumulatedLosses 2024-03-30 09525075 core:RetainedEarningsAccumulatedLosses 2023-03-31 09525075 bus:SmallEntities 2023-04-01 2024-03-30 09525075 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-30 09525075 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-30 09525075 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-30 09525075 bus:FullAccounts 2023-04-01 2024-03-30 09525075 core:ComputerEquipment 2023-04-01 2024-03-30 09525075 core:ComputerEquipment 2023-03-31 09525075 core:ComputerEquipment 2024-03-30
COMPANY REGISTRATION NUMBER: 09525075
LUVENESCO LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 March 2024
LUVENESCO LIMITED
FINANCIAL STATEMENTS
PERIOD ENDED 30 MARCH 2024
CONTENTS
PAGE
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
LUVENESCO LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
DIRECTOR
A Burton
REGISTERED OFFICE
20 - 22
Bridge End
Leeds
West Yorkshire
LS1 4DJ
ACCOUNTANTS
Wine & Co
Chartered accountants
20-22 Bridge End
Leeds
LS1 4DJ
LUVENESCO LIMITED
STATEMENT OF FINANCIAL POSITION
30 March 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Tangible assets
4
1,503
764
CURRENT ASSETS
Cash at bank and in hand
43,756
16,233
CREDITORS: amounts falling due within one year
5
( 35,207)
( 5,530)
--------
--------
NET CURRENT ASSETS
8,549
10,703
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
10,052
11,467
--------
--------
NET ASSETS
10,052
11,467
--------
--------
LUVENESCO LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 March 2024
2024
2023
Note
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
9,952
11,367
--------
--------
SHAREHOLDERS FUNDS
10,052
11,467
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 March 2024 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 financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 3 February 2025 , and are signed on behalf of the board by:
A Burton
Director
Company registration number: 09525075
LUVENESCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 30 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 - 22, Bridge End, Leeds, West Yorkshire, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods supplied during the year, inclusive of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment
-
25% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Equipment
£
Cost
At 1 April 2023
2,138
Additions
1,698
-------
At 30 March 2024
3,836
-------
Depreciation
At 1 April 2023
1,374
Charge for the period
959
-------
At 30 March 2024
2,333
-------
Carrying amount
At 30 March 2024
1,503
-------
At 31 March 2023
764
-------
5. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
9,579
4,497
Other creditors
25,628
1,033
--------
-------
35,207
5,530
--------
-------