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Company Registration No. 13533278 (England and Wales)
Love Bags Ltd Unaudited accounts for the year ended 31 July 2023
Love Bags Ltd Unaudited accounts Contents
Page
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Love Bags Ltd Company Information for the year ended 31 July 2023
Director
Arshed Hafezjee
Company Number
13533278 (England and Wales)
Registered Office
DEVONSHIRE HOUSE 582 HONEYPOT LANE STANMORE HA7 1JS UNITED KINGDOM
Accountants
EFJ Consulting Ltd Firoz Karki FCCA 122 Wickham Street Welling DA16 3LU
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Love Bags Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,373 
2,966 
Current assets
Inventories
45,250 
77,250 
Debtors
- 
93 
Cash at bank and in hand
87,526 
63,939 
132,776 
141,282 
Creditors: amounts falling due within one year
(150,610)
(150,241)
Net current liabilities
(17,834)
(8,959)
Net liabilities
(15,461)
(5,993)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(15,561)
(6,093)
Shareholders' funds
(15,461)
(5,993)
For the year ending 31 July 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 his 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 9 February 2024 and were signed on its behalf by
Arshed Hafezjee Director Company Registration No. 13533278
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Love Bags Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Love Bags Ltd is a private company, limited by shares, registered in England and Wales, registration number 13533278. The registered office is DEVONSHIRE HOUSE, 582 HONEYPOT LANE, STANMORE, HA7 1JS, 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:
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
3,707 
At 31 July 2023
3,707 
Depreciation
At 1 August 2022
741 
Charge for the year
593 
At 31 July 2023
1,334 
Net book value
At 31 July 2023
2,373 
At 31 July 2022
2,966 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
93 
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Love Bags Ltd Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
50 
- 
Trade creditors
- 
392 
Loans from directors
149,647 
148,826 
Accruals
913 
1,023 
150,610 
150,241 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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