REGISTERED NUMBER: 09277752 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

LUV GROUNDWORKS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr DJ Gavan

Mrs M Gavan

REGISTERED OFFICE:

Portland House

11-13 Station Road

Kettering

Northamptonshire

NN15 7HH

REGISTERED NUMBER:

09277752 (England and Wales)

ACCOUNTANTS:

Bewers Turner & Co LLP

Chartered Accountants

Portland House

11-13 Station Road

Kettering

Northamptonshire

NN15 7HH

FIXED ASSETS

Tangible assets

4

107,253

58,040

CURRENT ASSETS

Debtors

5

5,392

27,503

Cash at bank

65,790

6,234

71,182

33,737

CREDITORS

Amounts falling due within one year

6

81,597

18,433

NET CURRENT (LIABILITIES)/ASSETS

(10,415

)

15,304

TOTAL ASSETS LESS CURRENT LIABILITIES

96,838

73,344

CREDITORS

Amounts falling due after more than one year

7

(41,840

)

(53,586

)

PROVISIONS FOR LIABILITIES

(16,702

)

-

NET ASSETS

38,296

19,758

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

38,196

19,658

SHAREHOLDERS' FUNDS

38,296

19,758

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th December 2025 and were signed on its behalf by:

Mr DJ Gavan - Director

1.	STATUTORY INFORMATION

LUV Groundworks Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Financial instruments

The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st January 2024

61,920

300

62,220

Additions

53,941

24,395

78,336

At 31st December 2024

115,861

24,695

140,556

DEPRECIATION

At 1st January 2024

4,167

13

4,180

Charge for year

24,444

4,679

29,123

At 31st December 2024

28,611

4,692

33,303

NET BOOK VALUE

At 31st December 2024

87,250

20,003

107,253

At 31st December 2023

57,753

287

58,040

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,471

-

Other debtors

921

27,503

5,392

27,503

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,250

9,951

Hire purchase contracts

26,397

7,302

Trade creditors

18,542

180

Taxation and social security

19,253

-

Other creditors

7,155

1,000

81,597

18,433

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

7,889

18,138

Hire purchase contracts

33,951

35,448

41,840

53,586

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

60,348

42,750

The hire purchase liabilities are secured against the assets to which they relate.