Loveridge Kitchens & Bathrooms Limited - Period Ending 2022-03-31

Loveridge Kitchens & Bathrooms Limited - Period Ending 2022-03-31


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Registration number: 07068663

Loveridge Kitchens & Bathrooms Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

Loveridge Kitchens & Bathrooms Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5 to 6

Notes to the Unaudited Financial Statements

5

 

Loveridge Kitchens & Bathrooms Limited

Company Information

Directors

Mr Paul Richard Loveridge

Mr Anthony George Loveridge

Registered office

Ettington Park Bus. Centre
Alderminster
Stratford-upon-Avon
Warwickshire
CV37 8BT

Accountants

Randhawa Enterprises Limited
44 Hardwick Field Lane
Warwick
Warwickshire
CV34 6LN

 

Loveridge Kitchens & Bathrooms Limited

Directors' Report for the Year Ended 31 March 2022

The directors present their report and the financial statements for the year ended 31 March 2022.

This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Directors of the company

The directors who held office during the year were as follows:

Mr Paul Richard Loveridge

Mr Anthony George Loveridge

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 6 December 2022 and signed on its behalf by:

.........................................
Mr Paul Richard Loveridge
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Loveridge Kitchens & Bathrooms Limited
for the Year Ended 31 March 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Loveridge Kitchens & Bathrooms Limited for the year ended 31 March 2022 as set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management (CIMA), we are subject to its ethical and other professional requirements. These are based on the principles approved by IFAC.

This report is made solely to the Board of Directors of Loveridge Kitchens & Bathrooms Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Loveridge Kitchens & Bathrooms Limited and state those matters that we have agreed to state to the Board of Directors of Loveridge Kitchens & Bathrooms Limited, as a body, in this report in accordance with CIMA. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Loveridge Kitchens & Bathrooms Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Loveridge Kitchens & Bathrooms Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Loveridge Kitchens & Bathrooms Limited. You consider that Loveridge Kitchens & Bathrooms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Loveridge Kitchens & Bathrooms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Randhawa Enterprises Limited
44 Hardwick Field Lane
Warwick
Warwickshire
CV34 6LN

6 December 2022

 

Loveridge Kitchens & Bathrooms Limited

Profit and Loss Account for the Year Ended 31 March 2022

2022
£

2021
£

Turnover

606,457

631,070

Cost of raw materials and consumables

(433,842)

(433,006)

Staff costs

(77,912)

(75,042)

Depreciation and other amounts written off assets

(914)

(859)

Other charges

(45,423)

(44,385)

Profit before tax

48,366

77,778

Tax on profit

(9,131)

(14,784)

Profit for the year

39,235

62,994

 

Loveridge Kitchens & Bathrooms Limited

(Registration number: 07068663)
Balance Sheet as at 31 March 2022

2022
£

2021
£

Fixed assets

65,180

64,871

Current assets

128,255

179,887

Creditors: Amounts falling due within one year

(86,088)

(101,118)

Net current assets

42,167

78,769

Total assets less current liabilities

107,347

143,640

Creditors: Amounts falling due after more than one year

(40,703)

(50,000)

Provisions for liabilities

-

(341)

Accruals and deferred income

2,345

(6,295)

 

68,989

87,004

Capital and reserves

68,989

87,004

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Ettington Park Bus. Centre
Alderminster
Stratford-upon-Avon
Warwickshire
CV37 8BT

These financial statements were authorised for issue by the Board on 6 December 2022.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2021 - 5).

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006.

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Loveridge Kitchens & Bathrooms Limited

(Registration number: 07068663)
Balance Sheet as at 31 March 2022

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 6 December 2022 and signed on its behalf by:
 

.........................................

Mr Paul Richard Loveridge
Director