1 February 2022 false No description of principal activity Taxfiler 2023.9.1 SC619437business:PrivateLimitedCompanyLtd2022-02-012023-01-31 SC6194372022-01-31 SC6194372022-02-012023-01-31 SC619437business:AuditExemptWithAccountantsReport2022-02-012023-01-31 SC619437business:FilletedAccounts2022-02-012023-01-31 SC6194372023-01-31 SC619437business:Director12022-02-012023-01-31 SC619437business:RegisteredOffice2022-02-012023-01-31 SC6194372022-01-31 SC619437core:WithinOneYear2023-01-31 SC619437core:WithinOneYear2022-01-31 SC619437core:AfterOneYear2023-01-31 SC619437core:AfterOneYear2022-01-31 SC619437core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC619437core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 SC619437core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC619437core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 SC619437core:PreviouslyStatedAmount2023-01-31 SC619437core:PreviouslyStatedAmount2022-01-31 SC619437business:SmallEntities2022-02-012023-01-31 SC619437countries:Scotland2022-02-012023-01-31 SC619437core:FurnitureFittings2022-02-012023-01-31 SC619437core:ComputerEquipment2022-02-012023-01-31 SC619437core:FurnitureFittings2022-01-31 SC619437core:ComputerEquipment2022-01-31 SC619437core:FurnitureFittings2023-01-31 SC619437core:ComputerEquipment2023-01-31 SC6194372021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC619437 (Scotland)
Love It Boutique Ltd Unaudited accounts for the year ended 31 January 2023
Love It Boutique Ltd Unaudited accounts Contents
Page
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Love It Boutique Ltd Company Information for the year ended 31 January 2023
Director
Shirley McCallum
Company Number
SC619437 (Scotland)
Registered Office
1480 PAISLEY ROAD WEST GLASGOW G52 1SP SCOTLAND
Accountants
Scottish Tax Bureau 94 Hope Street Glasgow G2 6PH
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Love It Boutique Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,527 
3,370 
Current assets
Inventories
45,220 
18,852 
Cash at bank and in hand
2,651 
1,655 
47,871 
20,507 
Creditors: amounts falling due within one year
(74,349)
(32,254)
Net current liabilities
(26,478)
(11,747)
Total assets less current liabilities
(23,951)
(8,377)
Creditors: amounts falling due after more than one year
(10,959)
(15,780)
Net liabilities
(34,910)
(24,157)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(34,911)
(24,158)
Shareholders' funds
(34,910)
(24,157)
For the year ending 31 January 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 18 October 2023 and were signed on its behalf by
Shirley McCallum Director Company Registration No. SC619437
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Love It Boutique Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Love It Boutique Ltd is a private company, limited by shares, registered in Scotland, registration number SC619437. The registered office is 1480 PAISLEY ROAD WEST, GLASGOW, G52 1SP, SCOTLAND.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
7,495 
494 
7,989 
At 31 January 2023
7,495 
494 
7,989 
Depreciation
At 1 February 2022
4,333 
286 
4,619 
Charge for the year
791 
52 
843 
At 31 January 2023
5,124 
338 
5,462 
Net book value
At 31 January 2023
2,371 
156 
2,527 
At 31 January 2022
3,162 
208 
3,370 
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Love It Boutique Ltd Notes to the Accounts for the year ended 31 January 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,450 
5,564 
Trade creditors
11,513 
- 
Taxes and social security
- 
551 
Other creditors
775 
775 
Loans from directors
56,611 
25,364 
74,349 
32,254 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,959 
15,780 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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