Company registration number 3394724 (England and Wales)
LOVE LANE CABS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
LOVE LANE CABS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LOVE LANE CABS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,466
16,883
Current assets
-
-
Creditors: amounts falling due within one year
4
(18,687)
(16,959)
Net current liabilities
(18,687)
(16,959)
Net liabilities
(2,221)
(76)
Capital and reserves
Called up share capital
5
4
4
Profit and loss reserves
(2,225)
(80)
Total equity
(2,221)
(76)

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 16 March 2025
A Woodroffe
Director
Company registration number 3394724 (England and Wales)
LOVE LANE CABS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

Love Lane Cabs Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suites C,D,E & F, 14th Floor The Plaza, 100 Old Hall Street, Liverpool, England, L3 9QJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
0%
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

LOVE LANE CABS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 and 30 June 2024
19,895
Depreciation and impairment
At 1 July 2023
3,012
Depreciation charged in the year
417
At 30 June 2024
3,429
Carrying amount
At 30 June 2024
16,466
At 30 June 2023
16,883
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
17,398
15,776
Accruals and deferred income
1,289
1,183
18,687
16,959
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
4
4
4
4
2024-06-302023-07-01false16 March 2025CCH SoftwareCCH Accounts Production 2024.210No description of principal activityA Woodroffefalsefalse33947242023-07-012024-06-3033947242024-06-3033947242023-06-303394724core:OtherPropertyPlantEquipment2024-06-303394724core:OtherPropertyPlantEquipment2023-06-303394724core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-303394724core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-303394724core:CurrentFinancialInstruments2024-06-303394724core:CurrentFinancialInstruments2023-06-303394724core:ShareCapital2024-06-303394724core:ShareCapital2023-06-303394724core:RetainedEarningsAccumulatedLosses2024-06-303394724core:RetainedEarningsAccumulatedLosses2023-06-303394724bus:Director12023-07-012024-06-303394724core:PlantMachinery2023-07-012024-06-303394724core:MotorVehicles2023-07-012024-06-3033947242022-07-012023-06-303394724core:OtherPropertyPlantEquipment2023-06-303394724core:OtherPropertyPlantEquipment2023-07-012024-06-303394724bus:PrivateLimitedCompanyLtd2023-07-012024-06-303394724bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-303394724bus:FRS1022023-07-012024-06-303394724bus:AuditExemptWithAccountantsReport2023-07-012024-06-303394724bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP