LOVELOCK CARPENTRY LIMITED


Director	LOVELOCK, Kieron


Registered Address	5 Harwood Close
	Ratby
	Leicester
	LE6 0PT


Registered Number	15719732 (England and Wales)

Balance Sheet as at
31 May 2025

	Notes	2025
		£	£
Fixed assets
Intangible assets	3		2,400
Tangible assets	4		149
			2,549
Current assets
Debtors	5	7,811
Cash at bank and on hand		3,937
		11,748
Creditors amounts falling due within one year	6	(14,222)
Net current assets (liabilities)			(2,474)
Total assets less current liabilities			75
Net assets			75
Capital and reserves
Called up share capital			1
Profit and loss account			74
Shareholders' funds			75

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 18 September 2025, and are signed on its behalf by:

LOVELOCK, Kieron
Director
Registered Company No. 15719732

LOVELOCK CARPENTRY LIMITED

Notes to the Financial Statements
for the period ended 31 May 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	20

2.	Average number of employees


		2025
	Average number of employees during the year	1

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
Additions	3,000	3,000
At 31 May 25	3,000	3,000
Amortisation and impairment
Charge for year	600	600
At 31 May 25	600	600
Net book value
At 31 May 25	2,400	2,400
At 13 May 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
Additions	186	186
At 31 May 25	186	186
Depreciation and impairment
Charge for year	37	37
At 31 May 25	37	37
Net book value
At 31 May 25	149	149
At 13 May 24	-	-

5.	Debtors: amounts due within one year

		2025
		£
	Other debtors	7,811
	Total	7,811

6.	Creditors: amounts due within one year

		2025
		£
	Trade creditors / trade payables	3,269
	Bank borrowings and overdrafts	1,863
	Taxation and social security	5,129
	Accrued liabilities and deferred income	3,961
	Total	14,222

7.	Creditors: amounts due after one year