Registered number: 10866781 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
Devon | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 7 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 8 | |||||||||
Cash at bank and in hand | ||||||||||
120,339 | 113,650 | |||||||||
CREDITORS: Amounts falling due within one year | 9 | |||||||||
NET CURRENT (LIABILITIES) / ASSETS | ( | 58,138 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 57,680 | 75,996 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 7,480 | 4,190 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 25% | |||||||
Equipment | reducing balance 25% |
1c. Intangible Assets | ||||||||
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
Luv Creative Limited | ||||||||
3. INTANGIBLE FIXED ASSETS | ||||
Development | ||||
Costs | Total | |||
£ | £ | |||
Cost | ||||
Additions | 45,000 | 45,000 | ||
At 31/07/2023 | 45,000 | 45,000 | ||
Depreciation | ||||
At 31/07/2023 | - | - | ||
Net Book Amounts | ||||
At 31/07/2023 | ||||
7. TANGIBLE FIXED ASSETS | ||||||||
Commercial | Fixtures | |||||||
Vehicles | and Fittings | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/08/2022 | 12,000 | 17,240 | 21,301 | 50,541 | ||||
Additions | - | 151 | 12,414 | 12,565 | ||||
At 31/07/2023 | 12,000 | 17,391 | 33,715 | 63,106 | ||||
Depreciation | ||||||||
At 01/08/2022 | 9,891 | 9,966 | 8,635 | 28,492 | ||||
For the year | 527 | 1,856 | 6,270 | 8,653 | ||||
At 31/07/2023 | 10,418 | 11,822 | 14,905 | 37,145 | ||||
Net Book Amounts | ||||||||
At 31/07/2023 | 25,961 | |||||||
At 31/07/2022 | 22,049 | |||||||
8. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 32,862 | 13,768 | ||||||
Other debtors | 83,774 | - | ||||||
Amounts due from group companies | - | 50,945 | ||||||
116,636 | 64,713 | |||||||
Luv Creative Limited | ||||||||
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 36,371 | 36,371 | ||||||
VAT | 10,008 | 16,846 | ||||||
Bank loans and overdrafts | 76,560 | - | ||||||
Trade creditors | - | 295 | ||||||
Accruals | 3,200 | 2,000 | ||||||
126,139 | 55,512 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 57,680 | 75,996 | ||||||
57,680 | 75,996 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1 | 1 | |||||||
1 | 1 | |||||||