| LUCY LOVES SCIENCE LTD |
| Notes to the Accounts |
| for the year ended 30 June 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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 when invoiced. |
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Going concern |
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The company is reliant upon the continuing support of Mrs Lucy Hampson who is the company's sole director and shareholder. Mrs Hampson has indicated that she intends to support the company on an ongoing basis. The going concern basis of accounting has therefore been adopted. |
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Taxation |
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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. Current and deferred tax assets and liabilities are not discounted. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
1 |
|
1 |
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| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
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Trade debtors |
15,660 |
|
13,081 |
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| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Trade creditors |
34 |
|
- |
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Taxation and social security costs |
23,756 |
|
15,438 |
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Other creditors |
700 |
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- |
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24,490 |
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15,438 |
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| 5 |
Other information |
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LUCY LOVES SCIENCE LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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52 Courthouse Road |
|
Maidenhead |
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Berkshire |
|
SL6 6JB |