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
Love CBD Health Ltd
Company Information
for the year ended 31 December 2023
Directors
Philip Culbertson
Daniel Culbertson
Company Number
12776578 (England and Wales)
Registered Office
UNIT 2, LUCAS CLOSE
BURWELL
CAMBRIDGE
ENGLAND AND WALES
CB25 0FN
UNITED KINGDOM
Love CBD Health Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
8,032
11,259
Tangible assets
181,734
207,667
Inventories
104,920
142,150
Cash at bank and in hand
494,184
333,762
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
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
Love CBD Health Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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:
Land & buildings
No Depreciation
Plant & machinery
15% of Cost
Fixtures & fittings
10% of Cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2023
16,133
At 31 December 2022
11,259
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
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
At 31 December 2023
75,701
100,949
5,084
181,734
At 31 December 2022
74,077
129,890
3,700
207,667
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
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
338
Trade creditors
3,343
5,790
Taxes and social security
4,332
5,423
Deferred income
2,966
2,966
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).