Company Registration No. 09171464 (England and Wales)
Lovelive Graphics Ltd
Unaudited accounts
for the year ended 31 August 2024
Lovelive Graphics Ltd
Unaudited accounts
Contents
Lovelive Graphics Ltd
Company Information
for the year ended 31 August 2024
Directors
Mr James Andrew Gibson
Mrs Kim Dearlove Collier
Company Number
09171464 (England and Wales)
Registered Office
3 Maple Court
Macclesfield
Cheshire
SK10 1JE
England
Accountants
Paul Austen Associates Ltd
Riverside
Mountbatten Way
Congleton
Cheshire
CW12 1DY
Lovelive Graphics Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
64,182
49,755
Cash at bank and in hand
274,594
191,898
Creditors: amounts falling due within one year
(122,682)
(112,143)
Net current assets
275,109
218,148
Total assets less current liabilities
339,291
267,903
Creditors: amounts falling due after more than one year
(22,138)
(32,786)
Provisions for liabilities
Other provisions
(16,252)
-
Net assets
300,901
235,117
Called up share capital
2
2
Profit and loss account
300,899
235,115
Shareholders' funds
300,901
235,117
For the year ending 31 August 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 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 15 November 2024 and were signed on its behalf by
Mr James Andrew Gibson
Director
Company Registration No. 09171464
Lovelive Graphics Ltd
Notes to the Accounts
for the year ended 31 August 2024
Lovelive Graphics Ltd is a private company, limited by shares, registered in England and Wales, registration number 09171464. The registered office is 3 Maple Court, Macclesfield, Cheshire, SK10 1JE, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 basis
4
Tangible fixed assets
Plant & machinery
At 1 September 2023
93,763
At 1 September 2023
44,008
Charge for the year
21,394
Lovelive Graphics Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
117,223
132,419
Amounts due from group undertakings etc.
5,000
5,000
Accrued income and prepayments
974
974
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
832
20,722
Taxes and social security
85,137
55,474
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
The company operates an auto-enrolment workplace pension scheme making the legal contributions required for all eligible staff.
10
Average number of employees
During the year the average number of employees was 17 (2023: 16).