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Registered number: 10866781

Luv Creative Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2021

Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Luv Creative Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2021
DIRECTORS
Matthew Causon
REGISTERED OFFICE
Holly House
21d Chudleigh Road
Exeter
Devon
EX2 8TS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10866781
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Luv Creative Limited

ACCOUNTS
FOR THEYEARENDED31/07/2021
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Luv Creative Limited

BALANCE SHEET AT 31/07/2021
20212020
Notes££
FIXED ASSETS
Tangible assets317,43221,455
CURRENT ASSETS
Debtors4137,63385,178
Cash at bank and in hand-13,901
137,63399,079
CREDITORS: Amounts falling due within one year5145,250123,021
NET CURRENT LIABILITIES(7,617)(23,942)
TOTAL ASSETS LESS CURRENT LIABILITIES9,815(2,487)
CAPITAL AND RESERVES
Called up share capital611
Profit and loss account9,814(2,488)
SHAREHOLDERS' FUNDS9,815(2,487)
For the year ending 31/07/2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/08/2022 and signed on their behalf by
.............................
Matthew Causon
Director

Luv Creative Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
2. EMPLOYEES
20212020
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsEquipmentTotal
££££
Cost
At 01/08/202012,00017,2407,54736,787
Additions--1,7881,788
At 31/07/202112,00017,2409,33538,575
Depreciation
At 01/08/20208,2504,3102,77215,332
For the year9383,2321,6415,811
At 31/07/20219,1887,5424,41321,143
Net Book Amounts
At 31/07/20212,8129,6984,92217,432
At 31/07/20203,75012,9304,77521,455

Luv Creative Limited

4. DEBTORS 20212020
££
Amounts falling due within one year
Trade debtors481750
481750
Amounts falling due over more than one year
Long term debtor137,15284,428
137,15284,428
137,63385,178
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20212020
££
UK corporation tax19,99218,696
VAT6,1963,825
Bank loans and overdrafts21,003-
Bank Loan96,672100,000
Trade creditors387-
Accruals1,000500
145,250123,021
6. SHARE CAPITAL 20212020
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11