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
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
LOVE AND FAITH INTERNATIONAL LIMITED
Statement of financial position
as at 31 March 2023
Intangible assets
12,142
23,142
Tangible assets
33,743
51,480
Cash at bank and in hand
11,137
1,414
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)
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
LOVE AND FAITH INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
11,000
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
At 31 March 2023
60,601
33,135
93,736
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
At 31 March 2023
19,209
14,534
33,743
At 31 March 2022
30,319
21,161
51,480
Amounts falling due within one year
Trade debtors
24,300
24,300
Accrued income and prepayments
11,324
14,248
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
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 11 (2022: 0).