Company registration number SC571056 (Scotland)
LOLVE GIFT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
LOLVE GIFT LTD
COMPANY INFORMATION
Director
Elizabeth Dunstan
Company number
SC571056
Registered office
Chestney House
149 Market Street
St Andrews
Fife
KY16 9PF
Accountants
Henderson Black & Co
Chestney House
149 Market Street
St Andrews
Fife
KY16 9PF
LOLVE GIFT LTD
CONTENTS
Page
Accountants' report
1
Profit and loss account
2
Balance sheet and notes to the financial statements
3 - 4
LOLVE GIFT LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF LOLVE GIFT LTD
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LOLVE Gift Ltd for the year ended 31 July 2024, which comprise the profit and loss account and the balance sheet, from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the board of directors of LOLVE Gift Ltd, as a body, in accordance with the terms of our engagement letter dated 27 April 2024. Our work has been undertaken solely to prepare for your approval the financial statements of LOLVE Gift Ltd and state those matters that we have agreed to state to the board of directors of LOLVE Gift Ltd, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LOLVE Gift Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that LOLVE Gift Ltd has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that LOLVE Gift Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of LOLVE Gift Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Henderson Black & Co
Chartered Accountants
Chestney House
149 Market Street
St Andrews
Fife
KY16 9PF
23 April 2025
LOLVE GIFT LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
2024
2023
£
£
Turnover
519
617
Other income
2,438
2,438
Depreciation and other amounts written off assets
(5,222)
(9,273)
Other charges
(7,496)
(8,219)
Loss
(9,761)
(14,437)
LOLVE GIFT LTD
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 3 -
2024
2023
£
£
£
£
Fixed assets
847
4,919
Current assets
1,008
942
Prepayments and accrued income
6,145
-
0
Creditors: amounts falling due within one year
(107,464)
(95,564)
Net current liabilities
(100,311)
(94,622)
Total assets less current liabilities
(99,464)
(89,703)
Net liabilities
(99,464)
(89,703)
Capital and reserves
(99,464)
(89,703)
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
-
0
-
0

LOLVE Gift Ltd is a private company limited by shares incorporated in Scotland. The registered office is Chestney House, 149 Market Street, St Andrews, Fife, KY16 9PF.

For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

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.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

LOLVE GIFT LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 4 -
The financial statements were approved and signed by the director and authorised for issue on 23 April 2025
Elizabeth Dunstan
Director
Company registration number SC571056 (Scotland)
LOLVE GIFT LTD
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 JULY 2024
LOLVE GIFT LTD
DETAILED BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
2024
2023
£
£
£
£
Fixed assets
Intangible assets
574
4,524
Tangible assets
273
395
847
4,919
Current assets
Other debtors
908
842
Prepayments
6,145
-
Cash at bank and in hand
100
100
7,153
942
Creditors: amounts falling due within one year
Loans and overdrafts
288
256
Trade creditors
-
717
Director's loan account
106,631
91,608
Accruals
545
2,983
107,464
95,564
Net current liabilities
(100,311)
(94,622)
Net liabilities
(99,464)
(89,703)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(99,564)
(89,803)
Total equity
(99,464)
(89,703)
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