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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
Page
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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
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For the Love of the North Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
15,847 
13,732 
Tangible assets
14,156 
1,553 
30,003 
15,285 
Current assets
Inventories
21,351 
30,932 
Debtors
2,325 
2,010 
Cash at bank and in hand
5,914 
4,500 
29,590 
37,442 
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)
Net assets
21,655 
21,504 
Capital and reserves
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
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For the Love of the North Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 September 2022
15,000 
999 
15,999 
Additions
- 
5,582 
5,582 
At 31 August 2023
15,000 
6,581 
21,581 
Amortisation
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 
Net book value
At 31 August 2023
10,483 
5,364 
15,847 
At 31 August 2022
12,733 
999 
13,732 
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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 
Depreciation
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 
Net book value
At 31 August 2023
9,673 
2,330 
2,153 
14,156 
At 31 August 2022
- 
- 
1,553 
1,553 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
600 
- 
Accrued income and prepayments
1,725 
2,010 
2,325 
2,010 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
2,000 
VAT
4,681 
4,249 
Trade creditors
11,613 
- 
Taxes and social security
2,774 
2,998 
Other creditors
1,024 
- 
Loans from directors
(125)
(5,342)
Accruals
2,015 
- 
Deferred income
- 
7,651 
21,982 
11,556 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,956 
19,667 
9
Average number of employees
During the year the average number of employees was 14 (2022: 4).
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