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Company Registration No. 12776578 (England and Wales)
Love CBD Health Ltd Unaudited accounts for the year ended 31 December 2023
Love CBD Health Ltd Unaudited accounts Contents
Page
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Love CBD Health Ltd Company Information for the year ended 31 December 2023
Directors
Philip Culbertson Daniel Culbertson
Secretary
Love CBD Ltd
Company Number
12776578 (England and Wales)
Registered Office
UNIT 2, LUCAS CLOSE BURWELL CAMBRIDGE ENGLAND AND WALES CB25 0FN UNITED KINGDOM
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Love CBD Health Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,032 
11,259 
Tangible assets
181,734 
207,667 
189,766 
218,926 
Current assets
Inventories
104,920 
142,150 
Debtors
147,265 
194,142 
Cash at bank and in hand
494,184 
333,762 
746,369 
670,054 
Creditors: amounts falling due within one year
(29,275)
(64,766)
Net current assets
717,094 
605,288 
Total assets less current liabilities
906,860 
824,214 
Creditors: amounts falling due after more than one year
- 
(77,000)
Provisions for liabilities
Deferred tax
(2,007)
(2,813)
Net assets
904,853 
744,401 
Capital and reserves
Called up share capital
10 
10 
Fair value reserve
485,191 
407,854 
Profit and loss account
419,652 
336,537 
Shareholders' funds
904,853 
744,401 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 31 January 2023 and were signed on its behalf by
Philip Culbertson Director Company Registration No. 12776578
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Love CBD Health Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Love CBD Health Ltd is a private company, limited by shares, registered in England and Wales, registration number 12776578. The registered office is UNIT 2, LUCAS CLOSE, BURWELL, CAMBRIDGE, ENGLAND AND WALES, CB25 0FN, UNITED KINGDOM.
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:
Land & buildings
No Depreciation
Plant & machinery
15% of Cost
Fixtures & fittings
10% of Cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
16,133 
At 31 December 2023
16,133 
Amortisation
At 1 January 2023
4,874 
Charge for the year
3,227 
At 31 December 2023
8,101 
Net book value
At 31 December 2023
8,032 
At 31 December 2022
11,259 
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Love CBD Health Ltd Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
138,896 
192,941 
4,156 
335,993 
Additions
1,624 
- 
2,000 
3,624 
At 31 December 2023
140,520 
192,941 
6,156 
339,617 
Depreciation
At 1 January 2023
64,819 
63,051 
456 
128,326 
Charge for the year
- 
28,941 
616 
29,557 
At 31 December 2023
64,819 
91,992 
1,072 
157,883 
Net book value
At 31 December 2023
75,701 
100,949 
5,084 
181,734 
At 31 December 2022
74,077 
129,890 
3,700 
207,667 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
127,577 
162,881 
Amounts due from group undertakings etc.
- 
421 
Accrued income and prepayments
5,398 
7,264 
Other debtors
14,290 
23,576 
147,265 
194,142 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
16,107 
28,670 
Obligations under finance leases and hire purchase contracts
- 
338 
Trade creditors
3,343 
5,790 
Taxes and social security
4,332 
5,423 
Other creditors
595 
670 
Accruals
1,932 
20,909 
Deferred income
2,966 
2,966 
29,275 
64,766 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
77,000 
9
Average number of employees
During the year the average number of employees was 9 (2022: 10).
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