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REGISTERED NUMBER: 11375377 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

LSVR Ltd

LSVR Ltd (Registered number: 11375377)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LSVR Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr R Duncan
Mrs V J Duncan





REGISTERED OFFICE: 8 Grassington Green
Ingleby Barwick
Stockton on Tees
TS17 0QN





REGISTERED NUMBER: 11375377 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

LSVR Ltd (Registered number: 11375377)

Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 139 277

CURRENT ASSETS
Cash at bank 23,377 22,653

CREDITORS
Amounts falling due within one year 5 22,644 16,889
NET CURRENT ASSETS 733 5,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

872

6,041

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 862 6,031
872 6,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





Mr R Duncan - Director


LSVR Ltd (Registered number: 11375377)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

LSVR 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.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 June 2023
and 31 May 2024 553
DEPRECIATION
At 1 June 2023 276
Charge for year 138
At 31 May 2024 414
NET BOOK VALUE
At 31 May 2024 139
At 31 May 2023 277

LSVR Ltd (Registered number: 11375377)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£ £
Taxation and social security 16,089 10,681
Other creditors 6,555 6,208
22,644 16,889