Company Registration No. 11450430 (England and Wales)
LOVENATION LTD
FINANCIAL STATEMENTS
for the year ended 31 July 2024
LOVENATION LTD
FINANCIAL STATEMENTS
Contents
LOVENATION LTD
Company Information
for the year ended 31 July 2024
Director
MR MICHEAL UGOCHUKWU MOSINDI
Company Number
11450430 (England and Wales)
Registered Office
90 THE BOULEVARD
CANTON
CARDIFF
CF11 8FW
WALES
LOVENATION LTD
Statement of financial position
as at 31 July 2024
Tangible assets
1,584
1,830
Cash at bank and in hand
78,221
77,949
Creditors: amounts falling due within one year
(48,956)
(50,223)
Net current assets
29,265
27,726
Total assets less current liabilities
30,849
29,556
Creditors: amounts falling due after more than one year
(135)
(134)
Profit and loss account
30,712
29,420
Shareholders' funds
30,714
29,422
For the year ending 31 July 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 his 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 24 November 2024 and were signed on its behalf by
MR MICHEAL UGOCHUKWU MOSINDI
Director
Company Registration No. 11450430
LOVENATION LTD
Notes to the Accounts
for the year ended 31 July 2024
LOVENATION LTD is a private company, limited by shares, registered in England and Wales, registration number 11450430. The registered office is 90 THE BOULEVARD, CANTON, CARDIFF, CF11 8FW, WALES.
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:
Straight Line Basis
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
960
1,500
2,460
At 31 July 2024
960
1,500
2,460
At 1 August 2023
480
150
630
Charge for the year
96
150
246
At 31 July 2024
576
300
876
At 31 July 2024
384
1,200
1,584
At 31 July 2023
480
1,350
1,830
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
45,293
44,583
Other creditors
3,663
5,640
LOVENATION LTD
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).