LOVE ENTREPRENEURS CIC

Company Registration Number:
11378734 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

LOVE ENTREPRENEURS CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

LOVE ENTREPRENEURS CIC

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Directors

The director shown below has held office during the whole of the period from
1 June 2023 to 31 May 2024

Eleri Cosslet


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 April 2025

And signed on behalf of the board by:
Name: Eleri Cosslet
Status: Director

LOVE ENTREPRENEURS CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 12,719 12,305
Cost of sales: ( 26,319 ) ( 13,564 )
Gross profit(or loss): (13,600) (1,259)
Operating profit(or loss): (13,600) (1,259)
Profit(or loss) before tax: (13,600) (1,259)
Profit(or loss) for the financial year: (13,600) (1,259)

LOVE ENTREPRENEURS CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Called up share capital not paid: 10 10
Fixed assets
Tangible assets: 3 4,942 1,100
Total fixed assets: 4,942 1,100
Current assets
Cash at bank and in hand: 13,043 10,679
Total current assets: 13,043 10,679
Net current assets (liabilities): 13,043 10,679
Total assets less current liabilities: 17,995 11,789
Creditors: amounts falling due after more than one year: 4 ( 6,960 ) ( 16,200 )
Total net assets (liabilities): 11,035 (4,411)
Capital and reserves
Called up share capital: 1 1
Other reserves: 24,625
Profit and loss account: (13,591 ) (4,412 )
Total Shareholders' funds: 11,035 (4,411)

The notes form part of these financial statements

LOVE ENTREPRENEURS CIC

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 24 April 2025
and signed on behalf of the board by:

Name: Eleri Cosslet
Status: Director

The notes form part of these financial statements

LOVE ENTREPRENEURS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

LOVE ENTREPRENEURS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

LOVE ENTREPRENEURS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 1,200 1,200
Additions 4,400 4,400
Disposals
Revaluations
Transfers
At 31 May 2024 5,600 5,600
Depreciation
At 1 June 2023 100 100
Charge for year 558 558
On disposals
Other adjustments
At 31 May 2024 658 658
Net book value
At 31 May 2024 4,942 4,942
At 31 May 2023 1,100 1,100

LOVE ENTREPRENEURS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 6,960 16,200
Total 6,960 16,200

LOVE ENTREPRENEURS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Loans to directors

Name of director receiving advance or credit: Eleri Cosslet
Description of the transaction:
Cashflow boost to the business while awaiting grant funding
£
Balance at 31 May 2023 1,000
Advances or credits made: 6,185
Advances or credits repaid:
Balance at 31 May 2024 7,185

COMMUNITY INTEREST ANNUAL REPORT

LOVE ENTREPRENEURS CIC

Company Number: 11378734 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Supports people with business support and access to work application so disabled people can start their own business.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 April 2025

And signed on behalf of the board by:
Name: Eleri Cosslett
Status: Director