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No description of principal activity
2023-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023
100
100
100
xbrli:pure
xbrli:shares
iso4217:GBP
08792357
2023-04-01
2024-03-31
08792357
2024-03-31
08792357
2023-03-31
08792357
2022-04-01
2023-03-31
08792357
2023-03-31
08792357
2022-03-31
08792357
core:PlantMachinery
2023-04-01
2024-03-31
08792357
bus:Director2
2023-04-01
2024-03-31
08792357
core:PlantMachinery
2023-03-31
08792357
core:PlantMachinery
2024-03-31
08792357
core:WithinOneYear
2024-03-31
08792357
core:WithinOneYear
2023-03-31
08792357
core:ShareCapital
2024-03-31
08792357
core:ShareCapital
2023-03-31
08792357
core:RetainedEarningsAccumulatedLosses
2024-03-31
08792357
core:RetainedEarningsAccumulatedLosses
2023-03-31
08792357
core:CostValuation
core:Non-currentFinancialInstruments
2024-03-31
08792357
core:Non-currentFinancialInstruments
2024-03-31
08792357
core:Non-currentFinancialInstruments
2023-03-31
08792357
core:PlantMachinery
2023-03-31
08792357
bus:SmallEntities
2023-04-01
2024-03-31
08792357
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
08792357
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
08792357
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
08792357
bus:FullAccounts
2023-04-01
2024-03-31
08792357
core:ComputerEquipment
2023-04-01
2024-03-31
08792357
core:ComputerEquipment
2024-03-31
08792357
core:ComputerEquipment
2023-03-31
COMPANY REGISTRATION NUMBER:
08792357
LOVELOCALJOBS.COM LIMITED |
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
LOVELOCALJOBS.COM LIMITED |
|
STATEMENT OF FINANCIAL POSITION |
|
31 March 2024
Fixed assets
Tangible assets |
5 |
3,117 |
4,351 |
Investments |
6 |
100 |
100 |
|
------- |
------- |
|
3,217 |
4,451 |
|
|
|
|
Current assets
Debtors |
7 |
62,688 |
42,747 |
Cash at bank and in hand |
3,065 |
64,024 |
|
--------- |
---------- |
|
65,753 |
106,771 |
|
|
|
|
Creditors: amounts falling due within one year |
8 |
650,843 |
686,419 |
|
---------- |
---------- |
Net current liabilities |
585,090 |
579,648 |
|
---------- |
---------- |
Total assets less current liabilities |
(
581,873) |
(
575,197) |
|
---------- |
---------- |
Net liabilities |
(
581,873) |
(
575,197) |
|
---------- |
---------- |
|
|
|
|
Capital and reserves
Called up share capital |
90 |
90 |
Profit and loss account |
(
581,963) |
(
575,287) |
|
---------- |
---------- |
Shareholders deficit |
(
581,873) |
(
575,197) |
|
---------- |
---------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
LOVELOCALJOBS.COM LIMITED |
|
STATEMENT OF FINANCIAL POSITION (continued) |
|
31 March 2024
These financial statements were approved by the
board of directors
and authorised for issue on
28 January 2025
, and are signed on behalf of the board by:
Company registration number:
08792357
LOVELOCALJOBS.COM LIMITED |
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 MARCH 2024
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL. The principal place of business is 3rd Floor, Pelham House, 25 Pelham Square, Brighton, BN1 4ET.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
25% reducing balance |
|
Computer equipment |
- |
33% straight line |
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2023:
4
).
5.
Tangible assets
|
Plant and machinery |
Equipment |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 April 2023 and 31 March 2024 |
51,853 |
45,716 |
97,569 |
|
--------- |
--------- |
--------- |
Depreciation |
|
|
|
At 1 April 2023 |
47,697 |
45,521 |
93,218 |
Charge for the year |
1,039 |
195 |
1,234 |
|
--------- |
--------- |
--------- |
At 31 March 2024 |
48,736 |
45,716 |
94,452 |
|
--------- |
--------- |
--------- |
Carrying amount |
|
|
|
At 31 March 2024 |
3,117 |
– |
3,117 |
|
--------- |
--------- |
--------- |
At 31 March 2023 |
4,156 |
195 |
4,351 |
|
--------- |
--------- |
--------- |
|
|
|
|
6.
Investments
|
Shares in group undertakings |
|
£ |
Cost |
|
At 1 April 2023 and 31 March 2024 |
100 |
|
---- |
Impairment |
|
At 1 April 2023 and 31 March 2024 |
– |
|
---- |
|
|
Carrying amount |
|
At 31 March 2024 |
100 |
|
---- |
At 31 March 2023 |
100 |
|
---- |
|
|
The company owns 100% of Lovelocaljobs Foundation C.I.C., a company registered in England and Wales. The company is commenced trading during the year to 31 March 2023.
Aggregate capital and reserves at 31 March 2023
Lovelocaljobs Foundation C.I.C. - £(3,375) (2023 -- £(3,353))
Profit and (loss) for the year ended 31 March 2023
Lovelocaljobs Foundation C.I.C. - £22 (2023 - £13,755)
The company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
7.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
49,733 |
25,289 |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
– |
3,944 |
Other debtors |
12,955 |
13,514 |
|
--------- |
--------- |
|
62,688 |
42,747 |
|
--------- |
--------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
40,309 |
32,714 |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
523,337 |
568,636 |
Social security and other taxes |
18,205 |
16,876 |
Other creditors |
68,992 |
68,193 |
|
---------- |
---------- |
|
650,843 |
686,419 |
|
---------- |
---------- |
|
|
|
9.
Controlling party
The company is a wholly owned subsidiary of GWP Investments Limited, a company registered in England and Wales. The registered office of this company is 168 Church Road, Hove, East Sussex, BN3 2DL. The principal place of business is 3rd Floor, Pelham House, 25 Pelham Square, Brighton, BN1 4ET.