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Company Registration No. 10423540 (England and Wales)
Lovelace Trust Solutions Ltd Unaudited accounts for the period from 1 November 2023 to 31 March 2025
Lovelace Trust Solutions Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Lovelace Trust Solutions Ltd Company Information for the period from 1 November 2023 to 31 March 2025
Director
Ian Clive Lovelace
Company Number
10423540 (England and Wales)
Registered Office
124 City Road London EC1V 2NX United Kingdom
Accountants
For and on Behalf of Tee Accounts Limited Rosehill House Bosinver Lane Polgooth PL26 7BA
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Lovelace Trust Solutions Ltd Statement of financial position as at 31 March 2025
2025
2023
Notes
£
£
Fixed assets
Tangible assets
4
234
714
Current assets
Debtors
5
2,477
9,097
Cash at bank and in hand
1,730
1,496
4,207
10,593
Creditors: amounts falling due within one year
6
(4,222)
(6,740)
Net current (liabilities)/assets
(15)
3,853
Total assets less current liabilities
219
4,567
Creditors: amounts falling due after more than one year
7
(89)
(1,390)
Net assets
130
3,177
Capital and reserves
Called up share capital
100
100
Profit and loss account
30
3,077
Shareholders' funds
130
3,177
For the period ending 31 March 2025 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 27 August 2025 and were signed on its behalf by
Ian Clive Lovelace Director Company Registration No. 10423540
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Lovelace Trust Solutions Ltd Notes to the Accounts for the period from 1 November 2023 to 31 March 2025
1
Statutory information
Lovelace Trust Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 10423540. The registered office is 124 City Road, London, EC1V 2NX, United Kingdom.
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
These financial statements for the period from 1 November 2023 to 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
25% straight line, per annum
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 November 2023
2,255
At 31 March 2025
2,255
Depreciation
At 1 November 2023
1,541
Charge for the period
480
At 31 March 2025
2,021
Net book value
At 31 March 2025
234
At 31 October 2023
714
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Lovelace Trust Solutions Ltd Notes to the Accounts for the period from 1 November 2023 to 31 March 2025
5
Debtors
2025
2023
£
£
Amounts falling due within one year
Trade debtors
525
9,097
Other debtors
1,952
-
2,477
9,097
6
Creditors: amounts falling due within one year
2025
2023
£
£
Bank loans and overdrafts
1,078
1,078
VAT
-
1,643
Trade creditors
326
-
Taxes and social security
2,818
3,959
Loans from directors
-
60
4,222
6,740
7
Creditors: amounts falling due after more than one year
2025
2023
£
£
Bank loans
89
1,390
8
Loans to directors
During the year, a director of the company owed £1,952 (2023: £nil) remaining unpaid to the company at the year end. The transactions have been conducted under normal market conditions.
9
Average number of employees
During the period the average number of employees was 0 (2023: 0).
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