Company Registration No. 12136328 (England and Wales)
For the Love of the North Ltd
Unaudited accounts
for the year ended 31 August 2023
For the Love of the North Ltd
Unaudited accounts
Contents
For the Love of the North Ltd
Company Information
for the year ended 31 August 2023
Directors
Lucy Elizabeth Hull
Paul Hull
Company Number
12136328 (England and Wales)
Registered Office
UNIT 2, SPANISH CITY UNIT 2
SPANISH CITY
WHITLEY BAY
TYNE AND WEAR
NE26 1BG
ENGLAND
For the Love of the North Ltd
Statement of financial position
as at 31 August 2023
Intangible assets
15,847
13,732
Tangible assets
14,156
1,553
Cash at bank and in hand
5,914
4,500
Creditors: amounts falling due within one year
(21,982)
(11,556)
Net current assets
7,608
25,886
Total assets less current liabilities
37,611
41,171
Creditors: amounts falling due after more than one year
(15,956)
(19,667)
Called up share capital
100
100
Profit and loss account
21,555
21,404
Shareholders' funds
21,655
21,504
For the year ending 31 August 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 24 October 2023 and were signed on its behalf by
Lucy Elizabeth Hull
Director
Company Registration No. 12136328
For the Love of the North Ltd
Notes to the Accounts
for the year ended 31 August 2023
For the Love of the North Ltd is a private company, limited by shares, registered in England and Wales, registration number 12136328. The registered office is UNIT 2, SPANISH CITY UNIT 2, SPANISH CITY, WHITLEY BAY, TYNE AND WEAR, NE26 1BG, ENGLAND.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
4
Intangible fixed assets
Goodwill
Other
Total
At 1 September 2022
15,000
999
15,999
At 31 August 2023
15,000
6,581
21,581
At 1 September 2022
2,267
-
2,267
Charge for the year
2,250
1,217
3,467
At 31 August 2023
4,517
1,217
5,734
At 31 August 2023
10,483
5,364
15,847
At 31 August 2022
12,733
999
13,732
For the Love of the North Ltd
Notes to the Accounts
for the year ended 31 August 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
-
-
1,772
1,772
Additions
11,584
2,688
1,100
15,372
At 31 August 2023
11,584
2,688
2,872
17,144
At 1 September 2022
-
-
219
219
Charge for the year
1,911
358
500
2,769
At 31 August 2023
1,911
358
719
2,988
At 31 August 2023
9,673
2,330
2,153
14,156
At 31 August 2022
-
-
1,553
1,553
Amounts falling due within one year
Accrued income and prepayments
1,725
2,010
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
2,000
Taxes and social security
2,774
2,998
Loans from directors
(125)
(5,342)
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 14 (2022: 4).