Company registration number 12413890 (England and Wales)
LOVELACE & TURING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
One Bell Lane
Lewes
East Sussex
BN7 1JU
LOVELACE & TURING LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
LOVELACE & TURING LIMITED
COMPANY INFORMATION
- 1 -
Director
Mr M Cheraitia
Company number
12413890
Registered office
International House
36-38 Cornhill
London
EC3V 3NG
Accountants
TC Group
One Bell Lane
Lewes
East Sussex
BN7 1JU
LOVELACE & TURING LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
332
442
Current assets
Debtors
4
84,235
87,812
Cash at bank and in hand
3,105
379
87,340
88,191
Creditors: amounts falling due within one year
5
(59,291)
(64,786)
Net current assets
28,049
23,405
Total assets less current liabilities
28,381
23,847
Creditors: amounts falling due after more than one year
6
(3,356)
(11,002)
Net assets
25,025
12,845
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
24,925
12,745
Total equity
25,025
12,845
LOVELACE & TURING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2026
31 January 2026
- 3 -

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements. true

The financial statements were approved and signed by the director and authorised for issue on 6 July 2026
Mr M Cheraitia
Director
Company registration number 12413890 (England and Wales)
LOVELACE & TURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 4 -
1
Accounting policies
Company information

Lovelace & Turing Limited is a private company limited by shares incorporated in England and Wales. The registered office is International House, 36-38 Cornhill, London, EC3V 3NG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

LOVELACE & TURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 5 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

LOVELACE & TURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
0
0
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2025 and 31 January 2026
1,860
Depreciation and impairment
At 1 February 2025
1,418
Depreciation charged in the year
110
At 31 January 2026
1,528
Carrying amount
At 31 January 2026
332
At 31 January 2025
442
LOVELACE & TURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 7 -
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
1
7,249
Corporation tax recoverable
21,201
20,329
Other debtors
63,033
60,234
84,235
87,812
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
6,469
6,469
Corporation tax
47,682
52,124
Other taxation and social security
-
0
982
Other creditors
5,140
5,211
59,291
64,786
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
3,356
11,002
7
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Loan to director
3.75
60,233
1,319
2,116
(852)
62,816
60,233
1,319
2,116
(852)
62,816
2026-01-31 2025-02-01 false false false 06 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr M Cheraitia 12413890 2025-02-01 2026-01-31 12413890 bus:Director1 2025-02-01 2026-01-31 12413890 bus:RegisteredOffice 2025-02-01 2026-01-31 12413890 2026-01-31 12413890 2025-01-31 12413890 core:OtherPropertyPlantEquipment 2026-01-31 12413890 core:OtherPropertyPlantEquipment 2025-01-31 12413890 core:CurrentFinancialInstruments core:WithinOneYear 2026-01-31 12413890 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 12413890 core:Non-currentFinancialInstruments core:AfterOneYear 2026-01-31 12413890 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 12413890 core:CurrentFinancialInstruments 2026-01-31 12413890 core:CurrentFinancialInstruments 2025-01-31 12413890 core:ShareCapital 2026-01-31 12413890 core:ShareCapital 2025-01-31 12413890 core:RetainedEarningsAccumulatedLosses 2026-01-31 12413890 core:RetainedEarningsAccumulatedLosses 2025-01-31 12413890 core:ShareCapitalOrdinaryShareClass1 2026-01-31 12413890 core:ShareCapitalOrdinaryShareClass1 2025-01-31 12413890 core:PlantMachinery 2025-02-01 2026-01-31 12413890 2024-02-01 2025-01-31 12413890 core:OtherPropertyPlantEquipment 2025-01-31 12413890 core:OtherPropertyPlantEquipment 2025-02-01 2026-01-31 12413890 core:Non-currentFinancialInstruments 2026-01-31 12413890 core:Non-currentFinancialInstruments 2025-01-31 12413890 bus:OrdinaryShareClass1 2025-02-01 2026-01-31 12413890 bus:OrdinaryShareClass1 2026-01-31 12413890 bus:OrdinaryShareClass1 2025-01-31 12413890 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 12413890 bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 12413890 bus:FRS102 2025-02-01 2026-01-31 12413890 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 12413890 bus:FullAccounts 2025-02-01 2026-01-31 xbrli:pure xbrli:shares iso4217:GBP