Registered number
13803324
Love Brands Consulting Ltd
Filleted Accounts
30 June 2024
Love Brands Consulting Ltd
Registered number: 13803324
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,682 3,652
Current assets
Debtors 4 474,695 500,957
Cash at bank and in hand 64,877 51,829
539,572 552,786
Creditors: amounts falling due within one year 5 (357,706) (450,833)
Net current assets 181,866 101,953
Net assets 184,548 105,605
Capital and reserves
Called up share capital 100 100
Profit and loss account 184,448 105,505
Shareholder's funds 184,548 105,605
The director is 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 director acknowledges her 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.
Nathalie Coste
Director
Approved by the board on 24 February 2025
Love Brands Consulting Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative 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:
Plant and machinery over 3 years
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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 4 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 4,872
Additions 845
At 30 June 2024 5,717
Depreciation
At 1 July 2023 1,220
Charge for the year 1,815
At 30 June 2024 3,035
Net book value
At 30 June 2024 2,682
At 30 June 2023 3,652
4 Debtors 2024 2023
£ £
Trade debtors 430,617 466,406
Accrued income 35,769 32,385
Prepayments 4,395 2,060
Other debtors 3,914 106
474,695 500,957
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 68,474 81,128
Amounts owed to group undertakings and undertakings in which the company has a participating interest 136,733 136,733
Taxation and social security costs 38,529 59,353
Accruals 96,586 88,430
Deferred income 14,130 65,078
Other creditors 3,254 20,111
357,706 450,833
6 Controlling party
The controlling party of the company is Love Brands Global, a company registered in France, company number 908 538 606, with a registered office at 4 Rue Lamartine, 78220 Viroflay, France.
7 Other information
Love Brands Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
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