smallAccCompHo_0921.xslt
Company Registration No. 07064988 (England and Wales)
LOVE PRINTING LIMITED
Financial Statements
for the Period from 01 April 2022 to 31 March 2023

LOVE PRINTING LIMITED

Financial Statements for the period ending 31 March 2023

LOVE PRINTING LIMITED

Financial Statements for the period ending 31 March 2023

Notes to the Accounts

1. Statutory Information
LOVE PRINTING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07064988.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

LOVE PRINTING LIMITED

Financial Statements for the period ending 31 March 2023

Notes to the Accounts

Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Tangible Fixed Asset Policy
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

LOVE PRINTING LIMITED

Financial Statements for the period ending 31 March 2023

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2023 4
2022 4
4. Principal Activity
The principal activity of the company continued to be that of general printers

LOVE PRINTING LIMITED

Financial Statements for the period ending 31 March 2023

Notes to the Accounts

5. Fixed Assets
Fixtures and Fittings Total
Cost or valuation £ £
At 01/04/2022 106,077 106,077
Additions - -
At 31/03/2023 106,077 106,077
Depreciation
At 01/04/2022 75,439 75,439
Charge for the year 3,063 3,063
At 31/03/2023 78,502 78,502
Net Book Value
At 31/03/2023 27,575 27,575
At 31/03/2022 30,638 30,638