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Registered number: 10866781

Luv Creative Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023

Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Luv Creative Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
DIRECTORS
Matthew Causon
REGISTERED OFFICE
Holly House
21d Chudleigh Road
Exeter
Devon
EX2 8TS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10866781
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Luv Creative Limited

ACCOUNTS
FOR THEYEARENDED31/07/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Luv Creative Limited

BALANCE SHEET AT 31/07/2023
20232022
Notes££
FIXED ASSETS
Intangible assets345,000-
Tangible assets725,96122,049
70,96122,049
CURRENT ASSETS
Debtors8116,63664,713
Cash at bank and in hand3,70348,937
120,339113,650
CREDITORS: Amounts falling due within one year9126,13955,512
NET CURRENT (LIABILITIES) / ASSETS(5,800)58,138
TOTAL ASSETS LESS CURRENT LIABILITIES65,16180,187
CREDITORS: Amounts falling due after more than one year757,68075,996
NET ASSETS7,4814,191
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account7,4804,190
SHAREHOLDERS' FUNDS7,4814,191
For the year ending 31/07/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/10/2024 and signed on their behalf by
.............................
Matthew Causon
Director

Luv Creative Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
2. EMPLOYEES
20232022
No.No.
Average number of employees11

Luv Creative Limited

3. INTANGIBLE FIXED ASSETS
Development
CostsTotal
££
Cost
Additions45,00045,000
At 31/07/202345,00045,000
Depreciation
At 31/07/2023--
Net Book Amounts
At 31/07/202345,00045,000
7. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsEquipmentTotal
££££
Cost
At 01/08/202212,00017,24021,30150,541
Additions-15112,41412,565
At 31/07/202312,00017,39133,71563,106
Depreciation
At 01/08/20229,8919,9668,63528,492
For the year5271,8566,2708,653
At 31/07/202310,41811,82214,90537,145
Net Book Amounts
At 31/07/20231,5825,56918,81025,961
At 31/07/20222,1097,27412,66622,049
8. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors32,86213,768
Other debtors83,774-
Amounts due from group companies-50,945
116,63664,713

Luv Creative Limited

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax36,37136,371
VAT10,00816,846
Bank loans and overdrafts76,560-
Trade creditors-295
Accruals3,2002,000
126,13955,512
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr57,68075,996
57,68075,996
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11