1 January 2023 false No description of principal activity Taxfiler 2024.5 07468551business:PrivateLimitedCompanyLtd2023-01-012023-12-31 074685512022-12-31 074685512023-01-012023-12-31 07468551business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 07468551business:FilletedAccounts2023-01-012023-12-31 074685512023-12-31 07468551business:Director12023-01-012023-12-31 07468551business:Director22023-01-012023-12-31 07468551business:RegisteredOffice2023-01-012023-12-31 074685512022-12-31 07468551core:WithinOneYear2023-12-31 07468551core:WithinOneYear2022-12-31 07468551core:AfterOneYear2023-12-31 07468551core:AfterOneYear2022-12-31 07468551core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 07468551core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 07468551core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 07468551core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 07468551core:PreviouslyStatedAmount2023-12-31 07468551core:PreviouslyStatedAmount2022-12-31 07468551business:SmallEntities2023-01-012023-12-31 07468551countries:EnglandWales2023-01-012023-12-31 07468551core:PlantMachinery2023-01-012023-12-31 07468551core:FurnitureFittings2023-01-012023-12-31 07468551core:PlantMachinery2022-12-31 07468551core:FurnitureFittings2022-12-31 07468551core:PlantMachinery2023-12-31 07468551core:FurnitureFittings2023-12-31 074685512022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07468551 (England and Wales)
Lovefreight Ltd Unaudited accounts for the year ended 31 December 2023
Lovefreight Ltd Unaudited accounts Contents
Page
- 2 -
Lovefreight Ltd Company Information for the year ended 31 December 2023
Directors
Victoria Knight Joanne Bew
Company Number
07468551 (England and Wales)
Registered Office
Unit 2 Hemmells Basildon Essex SS15 6ED
- 3 -
Lovefreight Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,543 
33,063 
Current assets
Debtors
280,266 
335,095 
Cash at bank and in hand
245,139 
513,637 
525,405 
848,732 
Creditors: amounts falling due within one year
(299,189)
(295,984)
Net current assets
226,216 
552,748 
Total assets less current liabilities
276,759 
585,811 
Creditors: amounts falling due after more than one year
(6,997)
(12,272)
Provisions for liabilities
Deferred tax
(9,603)
(6,282)
Net assets
260,159 
567,257 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
259,959 
567,057 
Shareholders' funds
260,159 
567,257 
For the year ending 31 December 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 September 2024 and were signed on its behalf by
Victoria Knight Director Company Registration No. 07468551
- 4 -
Lovefreight Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Lovefreight Ltd is a private company, limited by shares, registered in England and Wales, registration number 07468551. The registered office is Unit 2 Hemmells, Basildon, Essex, SS15 6ED.
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.
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:
Plant & machinery
25% Reducing balance
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
41,822 
9,910 
51,732 
Additions
34,328 
- 
34,328 
At 31 December 2023
76,150 
9,910 
86,060 
Depreciation
At 1 January 2023
13,831 
4,838 
18,669 
Charge for the year
15,580 
1,268 
16,848 
At 31 December 2023
29,411 
6,106 
35,517 
Net book value
At 31 December 2023
46,739 
3,804 
50,543 
At 31 December 2022
27,991 
5,072 
33,063 
- 5 -
Lovefreight Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
275,266 
330,095 
Other debtors
5,000 
5,000 
280,266 
335,095 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,455 
5,455 
VAT
26,063 
- 
Trade creditors
140,435 
105,599 
Taxes and social security
12,909 
70,603 
Loans from directors
113,127 
113,127 
Accruals
1,200 
1,200 
299,189 
295,984 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,997 
12,272 
8
Average number of employees
During the year the average number of employees was 9 (2022: 8).
- 6 -