LOVEDAY INTERNATIONAL LIMITED

Company Registration Number:
11469424 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

LOVEDAY INTERNATIONAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LOVEDAY INTERNATIONAL LIMITED

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 7,999,547 4,871,142
Cost of sales: ( 5,059,854 ) ( 2,922,685 )
Gross profit(or loss): 2,939,693 1,948,457
Distribution costs: ( 174,215 ) ( 96,332 )
Administrative expenses: ( 685,412 ) ( 368,149 )
Operating profit(or loss): 2,080,066 1,483,976
Profit(or loss) before tax: 2,080,066 1,483,976
Tax: ( 498,512 ) ( 267,116 )
Profit(or loss) for the financial year: 1,581,554 1,216,860

LOVEDAY INTERNATIONAL LIMITED

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,545,245 1,355,678
Total fixed assets: 1,545,245 1,355,678
Current assets
Stocks: 4 2,021,774 622,419
Debtors: 5 1,332,147 824,468
Cash at bank and in hand: 477,761 431,106
Total current assets: 3,831,682 1,877,993
Creditors: amounts falling due within one year: 6 ( 1,014,850 ) ( 453,148 )
Net current assets (liabilities): 2,816,832 1,424,845
Total assets less current liabilities: 4,362,077 2,780,523
Total net assets (liabilities): 4,362,077 2,780,523
Capital and reserves
Called up share capital: 140,000 140,000
Profit and loss account: 4,222,077 2,640,523
Total Shareholders' funds: 4,362,077 2,780,523

The notes form part of these financial statements

LOVEDAY INTERNATIONAL LIMITED

Balance sheet statements

For the year ending 31 July 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.

This report was approved by the board of directors on 3 December 2024
and signed on behalf of the board by:

Name: Madiha Kanwal
Status: Director

The notes form part of these financial statements

LOVEDAY INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

LOVEDAY INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 22 15

LOVEDAY INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 1,099,852 73,186 40,835 52,406 225,803 1,492,082
Additions 58,452 20,214 119,877 145,119 343,662
Disposals
Revaluations
Transfers
At 31 July 2023 1,099,852 131,638 61,049 172,283 370,922 1,835,744
Depreciation
At 1 August 2022 19,607 11,202 26,356 79,239 136,404
Charge for year 26,327 12,209 34,445 81,114 154,095
On disposals
Other adjustments
At 31 July 2023 45,934 23,411 60,801 160,353 290,499
Net book value
At 31 July 2023 1,099,852 85,704 37,638 111,482 210,569 1,545,245
At 31 July 2022 1,099,852 53,579 29,633 26,050 146,564 1,355,678

LOVEDAY INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Stocks

2023 2022
£ £
Stocks 2,021,774 622,419
Total 2,021,774 622,419

LOVEDAY INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Debtors

2023 2022
£ £
Trade debtors 1,332,147 824,468
Total 1,332,147 824,468

LOVEDAY INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 426,817 186,032
Taxation and social security 588,033 267,116
Total 1,014,850 453,148