REGISTERED NUMBER: 07351382 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

J LOVRIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Lovric

Mrs J A Lovric

J M Lovric

REGISTERED OFFICE:

Mount Hill Garage

Mount Hill

Halstead

Essex

CO9 1AA

REGISTERED NUMBER:

07351382 (England and Wales)

ACCOUNTANTS:

SW Accountancy

Chartered Certified Accountants

7 Davidson Close

Great Cornard

Sudbury

Suffolk

CO10 0YU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

323,813

313,027

323,813

313,027

CURRENT ASSETS

Stocks

66,626

82,819

Debtors

6

51,250

83,474

Cash at bank and in hand

386,342

352,743

504,218

519,036

CREDITORS

Amounts falling due within one year

7

458,804

462,571

NET CURRENT ASSETS

45,414

56,465

TOTAL ASSETS LESS CURRENT LIABILITIES

369,227

369,492

CREDITORS

Amounts falling due after more than one year

8

(1,594

)

(21,279

)

PROVISIONS FOR LIABILITIES

(56,475

)

(61,776

)

NET ASSETS

311,158

286,437

CAPITAL AND RESERVES

Called up share capital

230

230

Retained earnings

310,928

286,207

SHAREHOLDERS' FUNDS

311,158

286,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

J Lovric - Director

1.	STATUTORY INFORMATION

J Lovric 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.

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 represents the net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold property

-

2% on cost

Plant and equipment

-

25% on reducing balance and 10% on reducing balance

Fixtures and fittings

-

25% on reducing balance and 10% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

20,000

AMORTISATION

At 1 September 2024

and 31 August 2025

20,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

Motor

property

equipment

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2024

80,741

244,643

51,871

452,443

829,698

Additions

34,316

17,343

9,932

12,050

73,641

At 31 August 2025

115,057

261,986

61,803

464,493

903,339

DEPRECIATION

At 1 September 2024

14,828

163,037

37,935

300,871

516,671

Charge for year

2,316

14,372

5,255

40,912

62,855

At 31 August 2025

17,144

177,409

43,190

341,783

579,526

NET BOOK VALUE

At 31 August 2025

97,913

84,577

18,613

122,710

323,813

At 31 August 2024

65,913

81,606

13,936

151,572

313,027

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2024

and 31 August 2025

49,702

DEPRECIATION

At 1 September 2024

21,744

Charge for year

6,990

At 31 August 2025

28,734

NET BOOK VALUE

At 31 August 2025

20,968

At 31 August 2024

27,958

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

30,569

62,144

Other debtors

20,681

21,330

51,250

83,474

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,096

11,632

Hire purchase contracts

3,744

3,744

Trade creditors

127,770

118,153

Taxation and social security

59,124

68,599

Other creditors

258,070

260,443

458,804

462,571

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,594

10,048

Hire purchase contracts

-

11,231

1,594

21,279

9.	ULTIMATE CONTROLLING PARTY

The controlling party is J Lovric.