Registered number: 10866781 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
Devon | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2021 | 2020 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
137,633 | 99,079 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (23,942) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | |||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | |||||||||
Profit and loss account | 9,814 | (2,488) | ||||||||
SHAREHOLDERS' FUNDS | ( | |||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 25% | |||||||
Equipment | reducing balance 25% |
2. EMPLOYEES | ||||||
2021 | 2020 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
3. TANGIBLE FIXED ASSETS | ||||||||
Commercial | Fixtures | |||||||
Vehicles | and Fittings | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/08/2020 | 12,000 | 17,240 | 7,547 | 36,787 | ||||
Additions | - | - | 1,788 | 1,788 | ||||
At 31/07/2021 | 12,000 | 17,240 | 9,335 | 38,575 | ||||
Depreciation | ||||||||
At 01/08/2020 | 8,250 | 4,310 | 2,772 | 15,332 | ||||
For the year | 938 | 3,232 | 1,641 | 5,811 | ||||
At 31/07/2021 | 9,188 | 7,542 | 4,413 | 21,143 | ||||
Net Book Amounts | ||||||||
At 31/07/2021 | 17,432 | |||||||
At 31/07/2020 | 21,455 | |||||||
Luv Creative Limited | ||||||||
4. DEBTORS | 2021 | 2020 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 481 | 750 | ||||||
481 | 750 | |||||||
Amounts falling due over more than one year | ||||||||
Long term debtor | 137,152 | 84,428 | ||||||
137,152 | 84,428 | |||||||
137,633 | 85,178 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
UK corporation tax | 19,992 | 18,696 | ||||||
VAT | 6,196 | 3,825 | ||||||
Bank loans and overdrafts | 21,003 | - | ||||||
Bank Loan | 96,672 | 100,000 | ||||||
Trade creditors | 387 | - | ||||||
Accruals | 1,000 | 500 | ||||||
145,250 | 123,021 | |||||||
6. SHARE CAPITAL | 2021 | 2020 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1 | 1 | |||||||
1 | 1 | |||||||