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Company Registration No. 12136328 (England and Wales)
For the Love of the North Ltd Unaudited accounts for the year ended 31 August 2024
For the Love of the North Ltd Unaudited accounts Contents
Page
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For the Love of the North Ltd Company Information for the year ended 31 August 2024
Directors
Lucy Elizabeth Hull Paul Hull
Company Number
12136328 (England and Wales)
Registered Office
UNIT 2, SPANISH CITY UNIT 2 SPANISH CITY WHITLEY BAY TYNE AND WEAR NE26 1BG ENGLAND
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For the Love of the North Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,281 
15,847 
Tangible assets
13,426 
14,156 
25,707 
30,003 
Current assets
Inventories
15,241 
21,351 
Debtors
2,420 
2,325 
Cash at bank and in hand
800 
5,914 
18,461 
29,590 
Creditors: amounts falling due within one year
(32,311)
(21,982)
Net current (liabilities)/assets
(13,850)
7,608 
Total assets less current liabilities
11,857 
37,611 
Creditors: amounts falling due after more than one year
(11,503)
(15,956)
Net assets
354 
21,655 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
254 
21,555 
Shareholders' funds
354 
21,655 
For the year ending 31 August 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 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 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 of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
Lucy Elizabeth Hull Director Company Registration No. 12136328
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For the Love of the North Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
For the Love of the North Ltd is a private company, limited by shares, registered in England and Wales, registration number 12136328. The registered office is UNIT 2, SPANISH CITY UNIT 2, SPANISH CITY, WHITLEY BAY, TYNE AND WEAR, NE26 1BG, 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 September 2023
15,000 
6,581 
21,581 
At 31 August 2024
15,000 
6,581 
21,581 
Amortisation
At 1 September 2023
4,517 
1,217 
5,734 
Charge for the year
2,250 
1,316 
3,566 
At 31 August 2024
6,767 
2,533 
9,300 
Net book value
At 31 August 2024
8,233 
4,048 
12,281 
At 31 August 2023
10,483 
5,364 
15,847 
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For the Love of the North Ltd Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
11,584 
2,688 
2,872 
17,144 
Additions
2,999 
- 
- 
2,999 
At 31 August 2024
14,583 
2,688 
2,872 
20,143 
Depreciation
At 1 September 2023
1,911 
358 
719 
2,988 
Charge for the year
2,617 
538 
574 
3,729 
At 31 August 2024
4,528 
896 
1,293 
6,717 
Net book value
At 31 August 2024
10,055 
1,792 
1,579 
13,426 
At 31 August 2023
9,673 
2,330 
2,153 
14,156 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
180 
600 
Accrued income and prepayments
2,240 
1,725 
2,420 
2,325 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
17,635 
- 
VAT
2,982 
4,681 
Trade creditors
11,302 
11,613 
Taxes and social security
3,280 
2,774 
Other creditors
80 
1,024 
Loans from directors
(2,968)
(125)
Accruals
- 
2,015 
32,311 
21,982 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,503 
15,956 
9
Average number of employees
During the year the average number of employees was 15 (2023: 14).
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