1 October 2023 false No description of principal activity Taxfiler 2024.6 11593000 business:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11593000 2023-09-30 11593000 2023-10-01 2024-09-30 11593000 business:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11593000 business:FilletedAccounts 2023-10-01 2024-09-30 11593000 2024-09-30 11593000 business:Director1 2023-10-01 2024-09-30 11593000 business:Director2 2023-10-01 2024-09-30 11593000 business:RegisteredOffice 2023-10-01 2024-09-30 11593000 2023-09-30 11593000 core:WithinOneYear 2024-09-30 11593000 core:WithinOneYear 2023-09-30 11593000 core:ShareCapital core:PreviouslyStatedAmount 2024-09-30 11593000 core:ShareCapital core:PreviouslyStatedAmount 2023-09-30 11593000 core:SharePremium core:PreviouslyStatedAmount 2024-09-30 11593000 core:SharePremium core:PreviouslyStatedAmount 2023-09-30 11593000 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-09-30 11593000 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-09-30 11593000 core:PreviouslyStatedAmount 2024-09-30 11593000 core:PreviouslyStatedAmount 2023-09-30 11593000 business:SmallEntities 2023-10-01 2024-09-30 11593000 countries:EnglandWales 2023-10-01 2024-09-30 11593000 core:FurnitureFittings 2023-10-01 2024-09-30 11593000 core:ComputerEquipment 2023-10-01 2024-09-30 11593000 core:FurnitureFittings 2023-09-30 11593000 core:ComputerEquipment 2023-09-30 11593000 core:FurnitureFittings 2024-09-30 11593000 core:ComputerEquipment 2024-09-30 11593000 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 11593000 (England and Wales)
Lots Of Lovely Art Ltd Unaudited accounts for the year ended 30 September 2024
Lots Of Lovely Art Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Lots Of Lovely Art Ltd Company Information for the year ended 30 September 2024
Directors
Alara Hindle Selina Swayne
Company Number
11593000 (England and Wales)
Registered Office
Nuttage House Bucklebury Reading RG7 6RP
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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Lots Of Lovely Art Ltd Statement of financial position as at 30 September 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
5,380
478
Current assets
Inventories
8,000
8,000
Debtors
5
25,797
40,621
Cash at bank and in hand
24,802
20,151
58,599
68,772
Creditors: amounts falling due within one year
6
(29,016)
(9,616)
Net current assets
29,583
59,156
Net assets
34,963
59,634
Capital and reserves
Called up share capital
5
5
Share premium
247,915
247,915
Profit and loss account
(212,957)
(188,286)
Shareholders' funds
34,963
59,634
For the year ending 30 September 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 16 June 2025 and were signed on its behalf by
Alara Hindle Director Company Registration No. 11593000
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Lots Of Lovely Art Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Lots Of Lovely Art Ltd is a private company, limited by shares, registered in England and Wales, registration number 11593000. The registered office is Nuttage House, Bucklebury, Reading, RG7 6RP.
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.
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:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 October 2023
340
1,815
2,155
Additions
2,971
2,844
5,815
At 30 September 2024
3,311
4,659
7,970
Depreciation
At 1 October 2023
128
1,549
1,677
Charge for the year
179
734
913
At 30 September 2024
307
2,283
2,590
Net book value
At 30 September 2024
3,004
2,376
5,380
At 30 September 2023
212
266
478
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Lots Of Lovely Art Ltd Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
7,335
6,491
Accrued income and prepayments
1,789
2,100
Other debtors
16,673
32,030
25,797
40,621
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,977
2,971
Other creditors
30,000
-
Loans from directors
(2,961)
6,155
Accruals
-
490
29,016
9,616
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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