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Registered number: 15044359
Lovett Creations Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Peter Jarman LLP
Lovett Creations Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Lovett Creations Limited
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: 15044359

| 31 August 2025 | 31 August 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 241 |  | 321
|  |  | 241 |  | 321
CURRENT ASSETS
Stocks | 5 | 31,237 |  | 40,588 |
Debtors | 6 | 6,076 |  | 8,701 |
Cash at bank and in hand |  | 6,049 |  | 1,014 |
|  | 43,362 |  | 50,303 |
Creditors: Amounts Falling Due Within One Year | 7 | (66,200 ) |  | (79,907 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (22,838 ) |  | (29,604 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (22,597 ) |  | (29,283 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (46 ) |  | (61 )
NET LIABILITIES |  |  | (22,643 ) |  | (29,344 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | (22,743 ) |  | (29,444 )
SHAREHOLDERS' FUNDS |  |  | (22,643) |  | (29,344)

Page 1
Page 2
Lovett Creations Limited
Balance Sheet (continued)
As At 31 August 2025
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mrs R M Lovett Director
14/05/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Lovett Creations Limited
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
Lovett Creations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15044359 . The registered office is St James' Hall, Mill Road, Lancing, West Sussex, BN15 0PT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery | 25% on reducing balance
Computer Equipment | 25% on reducing balance

2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
Page 3
Page 4
Lovett Creations Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 3)
2 3
4. Tangible Assets

| Plant & Machinery etc.
--- | ---
| £
Cost
As at 1 September 2024 | 385
As at 31 August 2025 | 385
Depreciation
As at 1 September 2024 | 64
Provided during the period | 80
As at 31 August 2025 | 144
Net Book Value
As at 31 August 2025 | 241
As at 1 September 2024 | 321

5. Stocks

| 31 August 2025 |  | 31 August 2024
--- | --- | --- | ---
| £ |  | £
Stock | 31,237 |  | 40,588

6. Debtors

| 31 August 2025 |  | 31 August 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 1,688
Other debtors | 6,076 |  | 7,013
| 6,076 |  | 8,701

7. Creditors: Amounts Falling Due Within One Year

| 31 August 2025 |  | 31 August 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 16,183 |  | 23,770
Other loans | 22,097 |  | 34,841
Other creditors | 1,299 |  | 9,419
Taxation and social security | 26,621 |  | 11,877
| 66,200 |  | 79,907

Page 4
Page 5
Lovett Creations Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
8. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 September 2024 | 61 | 61
Utilised | (15 ) | (15)
Balance at 31 August 2025 | 46 | 46

9. Share Capital

| 31 August 2025 |  | 31 August 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 5