2023-02-01 08868003 2024-01-31 08868003 2023-02-01 2024-01-31 08868003 2023-01-31 08868003 2022-02-01 2023-01-31 08868003 uk-core:WithinOneYear 2023-01-31 08868003 uk-core:WithinOneYear 2024-01-31 08868003 uk-core:ShareCapital 2024-01-31 08868003 uk-core:ShareCapital 2023-01-31 08868003 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 08868003 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 08868003 uk-bus:Director1 2023-02-01 2024-01-31 08868003 uk-core:WithinOneYear 2024-01-31 08868003 uk-core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure 08868003 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 08868003 uk-bus:FRS102 2023-02-01 2024-01-31 08868003 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 08868003 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Love Drums Ltd
Registered Number:08868003
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
Love Drums Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
08868003
As at 31 January 2024
Love Drums Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
3,029
4,039
2
3,029
4,039
Current assets
Inventories
22,000
15,000
3
1,707
Cash and cash equivalents
-
15,000
23,707
Trade and other payables: amounts falling due within one
year
(15,126)
(15,370)
4
8,581
(370)
Net current liabilities
Total assets less current liabilities
2,659
12,620
2,659
Net assets
12,620
Capital and reserves
Called up share capital
1
1
Retained earnings
2,658
12,619
2,659
12,620
Shareholders' funds
For the year ended 31 January 2024 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 of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Helen Wells Director
These financial statements were approved and authorised for issue by the Board on 01 October 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 January 2024
Love Drums Ltd
Notes to the Financial Statements
Statutory Information
Love Drums Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
08868003.
Registered address:
50 Nelson Road
Hastings
East Sussex
TN34 3RZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
At 01 February 2023
11,106
At 31 January 2024
11,106
Provision for depreciation and impairment
At 01 February 2023
7,067
Charge for year
1,010
At 31 January 2024
8,077
At 31 January 2024
Net book value
3,029
At 31 January 2023
4,039
3. Inventories
2023
2024
£
£
Stocks
15,000
22,000
2 of 3
5
For the year ended 31 January 2024
Love Drums Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
191
-
Taxation and social security
-
182
Accruals and deferred income
1,020
1,020
Directors' loan accounts
14,159
13,924
15,370
15,126
5. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
3 of 3