Registered number
08654800
Love Hz Ltd
Unaudited Filleted Accounts
31 March 2024
Love Hz Ltd
Registered number: 08654800
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,953 3,629
Current assets
Debtors 4 15,000 5,250
Cash at bank and in hand 180,740 113,073
195,740 118,323
Creditors: amounts falling due within one year 5 (36,854) (8,974)
Net current assets 158,886 109,349
Net assets 161,839 112,978
Capital and reserves
Called up share capital 1 1
Profit and loss account 161,838 112,977
Shareholder's funds 161,839 112,978
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. B J Ward
Director
Approved by the board on 16 January 2025
Love Hz Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 5,839
Additions 771
Disposals (589)
At 31 March 2024 6,021
Depreciation
At 1 April 2023 2,210
Charge for the year 858
At 31 March 2024 3,068
Net book value
At 31 March 2024 2,953
At 31 March 2023 3,629
4 Debtors 2024 2023
£ £
Trade debtors 15,000 5,250
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 27,727 4,398
Other taxes and social security costs 4,725 624
Other creditors 4,402 3,952
36,854 8,974
6 Other information
Love Hz Ltd is a private company limited by shares and incorporated in England. Its registered office is:
34 Chilswell Road
Oxford
Oxfordshire
OX1 4PJ
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