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REGISTERED NUMBER: 09514270 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Love Fasteners Ltd

Love Fasteners Ltd (Registered number: 09514270)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Love Fasteners Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J Love
Mr P Love



REGISTERED OFFICE: The Old Doctor's House
74 Grange Road
Dudley
West Midlands
DY1 2AW



REGISTERED NUMBER: 09514270 (England and Wales)



BANKERS: National Westminster Bank Plc
Merry Hill Centre
Brierley Hill
West Midlands
DY1 1LW

Love Fasteners Ltd (Registered number: 09514270)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 208,428 123,037

CURRENT ASSETS
Debtors 85,370 78,543
Cash at bank 388 10,230
85,758 88,773
CREDITORS
Amounts falling due within one year 70,730 83,554
NET CURRENT ASSETS 15,028 5,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,456

128,256

CREDITORS
Amounts falling due after more than one
year

(102,987

)

(19,910

)

PROVISIONS FOR LIABILITIES 5 (40,244 ) (23,377 )
NET ASSETS 80,225 84,969

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 80,125 84,869
SHAREHOLDERS' FUNDS 80,225 84,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Fasteners Ltd (Registered number: 09514270)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 September 2024 and were signed on its behalf by:





Mrs J Love - Director


Love Fasteners Ltd (Registered number: 09514270)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Love Fasteners Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 have been prepared on a going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 5% on reducing balance
Fixtures and fittings - 10% on reducing balance

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 168,268
Additions 99,999
Disposals (4,885 )
At 31 March 2024 263,382
DEPRECIATION
At 1 April 2023 45,231
Charge for year 11,046
Eliminated on disposal (1,323 )
At 31 March 2024 54,954
NET BOOK VALUE
At 31 March 2024 208,428
At 31 March 2023 123,037

Love Fasteners Ltd (Registered number: 09514270)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 40,244 23,377

Deferred
tax
£   
Balance at 1 April 2023 23,377
Provided during year 16,867
Balance at 31 March 2024 40,244

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 A Ordinary Share £1 50 50
50 B Ordinary Shares £1 50 50
100 100