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REGISTERED NUMBER: 08318376 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Luv Media Limited

Luv Media Limited (Registered number: 08318376)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Luv Media Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr M A Horton





REGISTERED OFFICE: Military House
24 Castle Street
Chester
CH1 2DS





REGISTERED NUMBER: 08318376 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Luv Media Limited (Registered number: 08318376)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,500 9,500
Property, plant and equipment 5 208 208
8,708 9,708

CURRENT ASSETS
Debtors 6 11,949 14,979
Cash at bank 328 6,340
12,277 21,319
CREDITORS
Amounts falling due within one year 7 20,837 30,889
NET CURRENT LIABILITIES (8,560 ) (9,570 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

148

138

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 48 38
SHAREHOLDERS' FUNDS 148 138

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

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

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 July 2024 and were signed by:




Mr M A Horton - Director


Luv Media Limited (Registered number: 08318376)

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

1. STATUTORY INFORMATION

Luv Media 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated remaining useful life of 10 years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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

Current 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Luv Media Limited (Registered number: 08318376)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 20,000
AMORTISATION
At 1 January 2023 10,500
Amortisation for year 1,000
At 31 December 2023 11,500
NET BOOK VALUE
At 31 December 2023 8,500
At 31 December 2022 9,500

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 5,564
DEPRECIATION
At 1 January 2023
and 31 December 2023 5,356
NET BOOK VALUE
At 31 December 2023 208
At 31 December 2022 208

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 2,026 350
Amounts owed by associates 240 1,140
Other debtors 9,683 13,489
11,949 14,979

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to associates 3,079 -
Taxation and social security 16,553 29,684
Other creditors 1,205 1,205
20,837 30,889

Luv Media Limited (Registered number: 08318376)

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

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £41,000 (2022 - £56,200) were paid to the director .

During the year the company received an interest free loan of £3,979 from It's Brewing Ltd, a trading company in which the director, M A Horton, has a controlling interest.

At 31 December 2023 the company owed £3,079 to (2022: was owed £900 by) It's Brewing Ltd.