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Company Registration No. 07186774 (England and Wales)
Lovelove Films Ltd Unaudited accounts for the year ended 31 March 2024
Lovelove Films Ltd Unaudited accounts Contents
Page
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Lovelove Films Ltd Company Information for the year ended 31 March 2024
Director
Miss G Hurcombe
Company Number
07186774 (England and Wales)
Registered Office
CINECHROME STUDIOS CALVIN ROAD BOURNEMOUTH BH9 1LN ENGLAND
Accountants
M. Whittingham Limited Unit K2 Lion Works 543 Wallisdown Road Poole Dorset BH12 5AD
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Lovelove Films Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
87,907 
78,392 
Current assets
Inventories
53,599 
58,592 
Debtors
3,589 
7,038 
Cash at bank and in hand
- 
6,073 
57,188 
71,703 
Creditors: amounts falling due within one year
(282,570)
(258,845)
Net current liabilities
(225,382)
(187,142)
Total assets less current liabilities
(137,475)
(108,750)
Creditors: amounts falling due after more than one year
(16,127)
(19,011)
Net liabilities
(153,602)
(127,761)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(153,702)
(127,861)
Shareholders' funds
(153,602)
(127,761)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 March 2025 and were signed on its behalf by
Miss G Hurcombe Director Company Registration No. 07186774
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Lovelove Films Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Lovelove Films Ltd is a private company, limited by shares, registered in England and Wales, registration number 07186774. The registered office is CINECHROME STUDIOS, CALVIN ROAD, BOURNEMOUTH, BH9 1LN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15% reducing balance
Plant & machinery
25% reducing balance
Fixtures & fittings
15% reducing balance
Going concern
The financial statements have been prepared on a going concern basis. The director considers this to be appropriate although there were net current liabilities of £225,382. Of the creditors £262,856 represents amounts owed to personal associates of the Director. Repayments of these amounts will not be sought until the company is in a position to pay. Accordingly the going concern basis is considered appropriate.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
47,467 
163,425 
13,150 
224,042 
Additions
- 
36,627 
- 
36,627 
At 31 March 2024
47,467 
200,052 
13,150 
260,669 
Depreciation
At 1 April 2023
36,134 
101,465 
8,051 
145,650 
Charge for the year
1,700 
24,647 
765 
27,112 
At 31 March 2024
37,834 
126,112 
8,816 
172,762 
Net book value
At 31 March 2024
9,633 
73,940 
4,334 
87,907 
At 31 March 2023
11,333 
61,960 
5,099 
78,392 
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Lovelove Films Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,594 
3,184 
Other debtors
995 
3,854 
3,589 
7,038 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,134 
2,791 
VAT
1,443 
3,700 
Trade creditors
2,527 
(990)
Taxes and social security
2,469 
- 
Other creditors
262,856 
247,790 
Accruals
1,385 
798 
Deferred income
4,756 
4,756 
282,570 
258,845 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,127 
19,011 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
9,500 Ordinary shares of £0.01 each
95 
95 
500 Ordinary B shares of £0.01 each
5 
5 
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 0).
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