Registered number
13944196
Lovenza Trade Development and Tourism Company Ltd
Report and Financial Statements
28 February 2025
Lovenza Trade Development and Tourism Company Ltd
Registered number: 13944196
Directors' Report
The directors present their report and financial statements for the year ended 28 February 2025.
Principal activities
The company's principal activity during the year was the provision of reservation and accomodation services.
Directors
The following persons served as directors during the year:
Mr J P King
Mr K A A Malik (Appointed 30 May 2025)
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 2 June 2025 and signed on its behalf.
Mr J P King
Director
Lovenza Trade Development and Tourism Company Ltd
Profit and Loss Account
for the year ended 28 February 2025
2025 2024
£ £
Turnover 8,253,417 3,125,846
Cost of sales (4,870,583) (1,886,000)
Gross profit 3,382,834 1,239,846
Administrative expenses (844,512) (598,014)
Operating profit 2,538,322 641,832
Interest receivable 86 14
Interest payable (1,243) (2,351)
Profit on ordinary activities before taxation 2,537,165 639,495
Tax on profit on ordinary activities (59,576) -
Profit for the financial year 2,477,589 639,495
Lovenza Trade Development and Tourism Company Ltd
Registered number: 13944196
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £ £ £
Fixed assets
Tangible assets 3 1,322,329 640,414
Current assets
Debtors 4 1,457,188 438,839
Cash at bank and in hand 769,524 71,523
2,226,712 510,362
Creditors: amounts falling due within one year 5 (200,907) (210,008)
Net current assets 2,025,805 300,354
Total assets less current liabilities 3,348,134 940,768
Creditors: amounts falling due after more than one year 6 (231,049) (301,272)
Net assets 3,117,085 639,496
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,117,084 639,495
Shareholders' funds 3,117,085 639,496
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J P King
Director
Approved by the board on 2 June 2025
Lovenza Trade Development and Tourism Company Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 8 4
3 Tangible fixed assets
Plant and machinery etc Total
£ £
Cost
At 1 March 2024 753,428 753,428
Additions 915,267 915,267
At 28 February 2025 1,668,695 1,668,695
Depreciation
At 1 March 2024 113,014 113,014
Charge for the year 233,352 233,352
At 28 February 2025 346,366 346,366
Net book value
At 28 February 2025 1,322,329 1,322,329
At 29 February 2024 640,414 640,414
4 Debtors 2025 2024
£ £
Trade debtors 1,298,564 324,581
Other debtors 158,624 114,258
1,457,188 438,839
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 105,234 185,649
Corporation tax 59,576 -
Other taxes and social security costs 24,518 17,104
Other creditors 11,579 7,255
200,907 210,008
6 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 231,049 301,272
231,049 301,272
7 Other information
Lovenza Trade Development and Tourism Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
210 Causeway Green Road
Oldbury
West Midlands
B68 8LS
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