| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 April 2023 to 30 June 2024 |
| for |
| Lovechampagne Sales Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 April 2023 to 30 June 2024 |
| for |
| Lovechampagne Sales Ltd |
| Lovechampagne Sales Ltd (Registered number: 07239354) |
| Contents of the Financial Statements |
| for the period 1 April 2023 to 30 June 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Lovechampagne Sales Ltd |
| Company Information |
| for the period 1 April 2023 to 30 June 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Belmont House |
| Shrewsbury Business Park |
| Shrewsbury |
| Shropshire |
| SY2 6LG |
| BANKERS: |
| De Montfort Street |
| Leicester |
| Leicestershire |
| LE87 2BB |
| Lovechampagne Sales Ltd (Registered number: 07239354) |
| Balance Sheet |
| 30 June 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Inventories |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET (LIABILITIES)/ASSETS | ( |
) |
| Lovechampagne Sales Ltd (Registered number: 07239354) |
| Balance Sheet - continued |
| 30 June 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the director and authorised for issue on |
| Lovechampagne Sales Ltd (Registered number: 07239354) |
| Notes to the Financial Statements |
| for the period 1 April 2023 to 30 June 2024 |
| 1. | STATUTORY INFORMATION |
| Lovechampagne Sales Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Lovechampagne Sales Ltd (Registered number: 07239354) |
| Notes to the Financial Statements - continued |
| for the period 1 April 2023 to 30 June 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2023 |
| and 30 June 2024 |
| DEPRECIATION |
| At 1 April 2023 |
| Charge for period |
| At 30 June 2024 |
| NET BOOK VALUE |
| At 30 June 2024 |
| At 31 March 2023 |
| Lovechampagne Sales Ltd (Registered number: 07239354) |
| Notes to the Financial Statements - continued |
| for the period 1 April 2023 to 30 June 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| On 30th November 2017, a fixed and floating charge was entered into with Lloyds Bank Plc, secured over the assets of the company. This charge was satisfied on 17 April 2020. |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| 8. | RELATED PARTY DISCLOSURES |
| Included in creditors due within one year is an amount of £155,809 (2023 - £93) due to the director of the company. This balance is repayable on demand. No interest was charged on this balance during the year. |
| During the year dividends of £Nil (2023 - £5,100) were paid out by the company and received by the director. |