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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
- 2 -
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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