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Company Registration No. 11851422 (England and Wales)
Love And Faith International Limited Unaudited accounts for the year ended 31 March 2024
Love And Faith International Limited Unaudited accounts Contents
Page
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Love And Faith International Limited Company Information for the year ended 31 March 2024
Director
Yik Tung Sarah Lau
Company Number
11851422 (England and Wales)
Registered Office
Chatime, Kiosk 51 101 Midsummer Arcade Milton Keynes Buckinghamshire MK9 3BB England
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Love And Faith International Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,142 
12,142 
Tangible assets
15,428 
33,743 
16,570 
45,885 
Current assets
Inventories
4,148 
3,553 
Debtors
35,702 
37,862 
Cash at bank and in hand
2,630 
11,136 
42,480 
52,551 
Creditors: amounts falling due within one year
(78,803)
(107,419)
Net current liabilities
(36,323)
(54,868)
Total assets less current liabilities
(19,753)
(8,983)
Creditors: amounts falling due after more than one year
(15,910)
(25,262)
Net liabilities
(35,663)
(34,245)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(35,664)
(34,246)
Shareholders' funds
(35,663)
(34,245)
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and authorised for issue on 11 October 2024 and were signed on its behalf by
Yik Tung Sarah Lau Director Company Registration No. 11851422
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Love And Faith International Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Love And Faith International Limited is a private company, limited by shares, registered in England and Wales, registration number 11851422. The registered office is Chatime, Kiosk 51, 101 Midsummer Arcade, Milton Keynes, Buckinghamshire, MK9 3BB, England.
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
20%
Fixtures & fittings
20%
Computer equipment
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
34,142 
At 31 March 2024
34,142 
Amortisation
At 1 April 2023
22,000 
Charge for the year
11,000 
At 31 March 2024
33,000 
Net book value
At 31 March 2024
1,142 
At 31 March 2023
12,142 
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Love And Faith International Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
60,601 
33,135 
- 
93,736 
Additions
- 
- 
540 
540 
At 31 March 2024
60,601 
33,135 
540 
94,276 
Depreciation
At 1 April 2023
41,392 
18,601 
- 
59,993 
Charge for the year
12,120 
6,627 
108 
18,855 
At 31 March 2024
53,512 
25,228 
108 
78,848 
Net book value
At 31 March 2024
7,089 
7,907 
432 
15,428 
At 31 March 2023
19,209 
14,534 
- 
33,743 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
35,702 
37,862 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
658 
- 
Taxes and social security
7,379 
383 
Proposed dividends
1,006 
- 
Loans from directors
58,815 
95,745 
Accruals
945 
1,291 
78,803 
107,419 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,910 
25,262 
9
Average number of employees
During the year the average number of employees was 7 (2023: 11).
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