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Company Registration No. 11851422 (England and Wales)
LOVE AND FAITH INTERNATIONAL LIMITED Unaudited accounts for the year ended 31 March 2023
LOVE AND FAITH INTERNATIONAL LIMITED Unaudited accounts Contents
Page
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LOVE AND FAITH INTERNATIONAL LIMITED Company Information for the year ended 31 March 2023
Director
Yik Tung Sarah Lau
Company Number
11851422 (England and Wales)
Registered Office
CHATIME, KIOSK 51 101 MIDSUMMER ARCADE MILTON KEYNES MK9 3BB ENGLAND
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LOVE AND FAITH INTERNATIONAL LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,142 
23,142 
Tangible assets
33,743 
51,480 
45,885 
74,622 
Current assets
Inventories
3,553 
4,920 
Debtors
37,862 
42,658 
Cash at bank and in hand
11,137 
1,414 
52,552 
48,992 
Creditors: amounts falling due within one year
(107,420)
(95,197)
Net current liabilities
(54,868)
(46,205)
Total assets less current liabilities
(8,983)
28,417 
Creditors: amounts falling due after more than one year
(25,262)
(32,387)
Net liabilities
(34,245)
(3,970)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(34,246)
(3,971)
Shareholders' funds
(34,245)
(3,970)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 August 2023 and were signed on its behalf by
Yik Tung Sarah Lau Director Company Registration No. 11851422
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LOVE AND FAITH INTERNATIONAL LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
LOVE AND FAITH INTERNATIONAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11851422. The registered office is CHATIME, KIOSK 51 101 MIDSUMMER ARCADE, MILTON KEYNES, MK9 3BB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
55,000 
At 31 March 2023
55,000 
Amortisation
At 1 April 2022
31,858 
Charge for the year
11,000 
At 31 March 2023
42,858 
Net book value
At 31 March 2023
12,142 
At 31 March 2022
23,142 
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LOVE AND FAITH INTERNATIONAL LIMITED Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
59,591 
33,135 
92,726 
Additions
1,010 
- 
1,010 
At 31 March 2023
60,601 
33,135 
93,736 
Depreciation
At 1 April 2022
29,272 
11,974 
41,246 
Charge for the year
12,120 
6,627 
18,747 
At 31 March 2023
41,392 
18,601 
59,993 
Net book value
At 31 March 2023
19,209 
14,534 
33,743 
At 31 March 2022
30,319 
21,161 
51,480 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,300 
24,300 
Accrued income and prepayments
11,324 
14,248 
Other debtors
2,238 
4,110 
37,862 
42,658 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
12,226 
Taxes and social security
383 
2,798 
Loans from directors
95,746 
77,537 
Accruals
1,291 
2,636 
107,420 
95,197 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,262 
32,387 
9
Average number of employees
During the year the average number of employees was 11 (2022: 0).
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