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REGISTERED NUMBER: SC160603 (Scotland)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Love Life Limited

Love Life Limited (Registered number: SC160603)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Love Life Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: G Macdonald
Mrs G Macdonald





REGISTERED OFFICE: 95 Gairn Terrace
Aberdeen
Aberdeenshire
AB10 6AY





REGISTERED NUMBER: SC160603 (Scotland)





ACCOUNTANTS: MacDonald Accountancy Services
11 Margaret Street
Stonehaven
Aberdeenshire
AB39 2AY

Love Life Limited (Registered number: SC160603)

Report of the Directors
for the Year Ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

G Macdonald
Mrs G Macdonald

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





G Macdonald - Director


12 June 2025

Love Life Limited (Registered number: SC160603)

Income Statement
for the Year Ended 30 September 2024

30.9.24 30.9.23
£    £   

TURNOVER 26,910 28,620

Cost of sales 8,494 8,078
GROSS PROFIT 18,416 20,542

Administrative expenses 20,067 27,566
OPERATING LOSS and
LOSS BEFORE TAXATION (1,651 ) (7,024 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (1,651 ) (7,024 )

Love Life Limited (Registered number: SC160603)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
CURRENT ASSETS
Stocks 500 500
Debtors 5 2,817 5,605
Cash at bank 11,354 18,407
14,671 24,512
CREDITORS
Amounts falling due within one year 6 13,040 19,230
NET CURRENT ASSETS 1,631 5,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,631

5,282

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,629 5,280
SHAREHOLDERS' FUNDS 1,631 5,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:





G Macdonald - Director


Love Life Limited (Registered number: SC160603)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Love Life Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Stocks
Stocks 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 year 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.

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 year 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.

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 year was 1 (2023 - 1 ) .

Love Life Limited (Registered number: SC160603)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023 2,423
Disposals (2,423 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 2,423
Eliminated on disposal (2,423 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 500
Other debtors 2,817 5,105
2,817 5,605

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 13,040 19,230