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REGISTERED NUMBER: 09081807 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Love Food JM Limited

Love Food JM Limited (Registered number: 09081807)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Love Food JM Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs MLJ Love
Ms J Kilkerr





REGISTERED OFFICE: 3 Kitchen Gardens
Church Lane
Great Cransley
Kettering
Northamptonshire
NN14 1FX





REGISTERED NUMBER: 09081807 (England and Wales)





ACCOUNTANTS: Kempton Accountancy Services Limited
31 Lake Drive
Weldon
Northamptonshire
NN17 3FE

Love Food JM Limited (Registered number: 09081807)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,221 11,498
Tangible assets 5 10,823 2,973
21,044 14,471

CURRENT ASSETS
Stocks 6 87,500 48,600
Debtors 7 95,000 24,252
Cash at bank 69,770 121,431
252,270 194,283
CREDITORS
Amounts falling due within one year 8 193,805 142,060
NET CURRENT ASSETS 58,465 52,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,509

66,694

CREDITORS
Amounts falling due after more than one year 9 (35,242 ) (42,147 )

PROVISIONS FOR LIABILITIES (81 ) (81 )
NET ASSETS 44,186 24,466

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 44,086 24,366
SHAREHOLDERS' FUNDS 44,186 24,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Love Food JM Limited (Registered number: 09081807)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:




Mrs MLJ Love - Director



Ms J Kilkerr - Director


Love Food JM Limited (Registered number: 09081807)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Love Food JM Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Love Food JM Limited (Registered number: 09081807)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2022 - 65 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 August 2022
and 31 July 2023 12,775
AMORTISATION
At 1 August 2022 1,277
Amortisation for year 1,277
At 31 July 2023 2,554
NET BOOK VALUE
At 31 July 2023 10,221
At 31 July 2022 11,498

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2022 1,363 5,510 6,873
Additions 3,493 4,802 8,295
At 31 July 2023 4,856 10,312 15,168
DEPRECIATION
At 1 August 2022 761 3,139 3,900
Charge for year 90 355 445
At 31 July 2023 851 3,494 4,345
NET BOOK VALUE
At 31 July 2023 4,005 6,818 10,823
At 31 July 2022 602 2,371 2,973

6. STOCKS
31.7.23 31.7.22
£    £   
Stocks 87,500 48,600

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 95,000 24,252

Love Food JM Limited (Registered number: 09081807)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other loans 16,034 12,883
Tax 3,896 811
Social security and other taxes 12,643 927
VAT 69,653 30,553
Directors' current accounts 89,779 95,236
Accruals and deferred income 1,800 1,650
193,805 142,060

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 2-5 years 35,242 42,147

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary 1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors operated a directors current account with the company.
At the year end there were credit balances on the accounts as follows:
Mrs M Love £40,093
Miss J Kilkerr £49,686

The directors current account is interest free, unsecured and repayable upon demand. There have been various transactions with the directors during the year in the form of a directors current account. Information disclosed is therefore given in an aggregated form.

12. ULTIMATE CONTROLLING PARTY

The directors have ultimate control of the company.

Love Food JM Limited

Report of the Accountants to the Directors of
Love Food JM Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Kempton Accountancy Services Limited
31 Lake Drive
Weldon
Northamptonshire
NN17 3FE


11 April 2024