2024-01-012024-11-302024-11-30false08161247LOVELY FOOD LIMITED2025-07-0956101falseiso4217:GBPxbrli:pure081612472023-12-31081612472024-11-30081612472024-01-012024-11-30081612472022-12-31081612472023-12-31081612472023-01-012023-12-3108161247bus:SmallEntities2024-01-012024-11-3008161247bus:AuditExempt-NoAccountantsReport2024-01-012024-11-3008161247bus:AbridgedAccounts2024-01-012024-11-3008161247bus:PrivateLimitedCompanyLtd2024-01-012024-11-3008161247core:WithinOneYear2024-11-3008161247core:AfterOneYear2024-11-3008161247core:WithinOneYear2023-12-3108161247core:AfterOneYear2023-12-3108161247core:ShareCapital2024-11-3008161247core:SharePremium2024-11-3008161247core:RevaluationReserve2024-11-3008161247core:OtherReservesSubtotal2024-11-3008161247core:RetainedEarningsAccumulatedLosses2024-11-3008161247core:ShareCapital2023-12-3108161247core:SharePremium2023-12-3108161247core:RevaluationReserve2023-12-3108161247core:OtherReservesSubtotal2023-12-3108161247core:RetainedEarningsAccumulatedLosses2023-12-3108161247core:LandBuildings2024-11-3008161247core:PlantMachinery2024-11-3008161247core:Vehicles2024-11-3008161247core:FurnitureFittings2024-11-3008161247core:OfficeEquipment2024-11-3008161247core:NetGoodwill2024-11-3008161247core:IntangibleAssetsOtherThanGoodwill2024-11-3008161247core:ListedExchangeTraded2024-11-3008161247core:UnlistedNon-exchangeTraded2024-11-3008161247core:LandBuildings2023-12-3108161247core:PlantMachinery2023-12-3108161247core:Vehicles2023-12-3108161247core:FurnitureFittings2023-12-3108161247core:OfficeEquipment2023-12-3108161247core:NetGoodwill2023-12-3108161247core:IntangibleAssetsOtherThanGoodwill2023-12-3108161247core:ListedExchangeTraded2023-12-3108161247core:UnlistedNon-exchangeTraded2023-12-3108161247core:LandBuildings2024-01-012024-11-3008161247core:PlantMachinery2024-01-012024-11-3008161247core:Vehicles2024-01-012024-11-3008161247core:FurnitureFittings2024-01-012024-11-3008161247core:OfficeEquipment2024-01-012024-11-3008161247core:NetGoodwill2024-01-012024-11-3008161247core:IntangibleAssetsOtherThanGoodwill2024-01-012024-11-3008161247core:ListedExchangeTraded2024-01-012024-11-3008161247core:UnlistedNon-exchangeTraded2024-01-012024-11-3008161247core:MoreThanFiveYears2024-01-012024-11-3008161247core:Non-currentFinancialInstruments2024-11-3008161247core:Non-currentFinancialInstruments2023-12-3108161247dpl:CostSales2024-01-012024-11-3008161247dpl:DistributionCosts2024-01-012024-11-3008161247core:LandBuildings2024-01-012024-11-3008161247core:PlantMachinery2024-01-012024-11-3008161247core:Vehicles2024-01-012024-11-3008161247core:FurnitureFittings2024-01-012024-11-3008161247core:OfficeEquipment2024-01-012024-11-3008161247dpl:AdministrativeExpenses2024-01-012024-11-3008161247core:NetGoodwill2024-01-012024-11-3008161247core:IntangibleAssetsOtherThanGoodwill2024-01-012024-11-3008161247dpl:GroupUndertakings2024-01-012024-11-3008161247dpl:ParticipatingInterests2024-01-012024-11-3008161247dpl:GroupUndertakingscore:ListedExchangeTraded2024-01-012024-11-3008161247core:ListedExchangeTraded2024-01-012024-11-3008161247dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-01-012024-11-3008161247core:UnlistedNon-exchangeTraded2024-01-012024-11-3008161247dpl:CostSales2023-01-012023-12-3108161247dpl:DistributionCosts2023-01-012023-12-3108161247core:LandBuildings2023-01-012023-12-3108161247core:PlantMachinery2023-01-012023-12-3108161247core:Vehicles2023-01-012023-12-3108161247core:FurnitureFittings2023-01-012023-12-3108161247core:OfficeEquipment2023-01-012023-12-3108161247dpl:AdministrativeExpenses2023-01-012023-12-3108161247core:NetGoodwill2023-01-012023-12-3108161247core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3108161247dpl:GroupUndertakings2023-01-012023-12-3108161247dpl:ParticipatingInterests2023-01-012023-12-3108161247dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3108161247core:ListedExchangeTraded2023-01-012023-12-3108161247dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3108161247core:UnlistedNon-exchangeTraded2023-01-012023-12-3108161247core:NetGoodwill2024-11-3008161247core:IntangibleAssetsOtherThanGoodwill2024-11-3008161247core:LandBuildings2024-11-3008161247core:PlantMachinery2024-11-3008161247core:Vehicles2024-11-3008161247core:FurnitureFittings2024-11-3008161247core:OfficeEquipment2024-11-3008161247core:AfterOneYear2024-11-3008161247core:WithinOneYear2024-11-3008161247core:ListedExchangeTraded2024-11-3008161247core:UnlistedNon-exchangeTraded2024-11-3008161247core:ShareCapital2024-11-3008161247core:SharePremium2024-11-3008161247core:RevaluationReserve2024-11-3008161247core:OtherReservesSubtotal2024-11-3008161247core:RetainedEarningsAccumulatedLosses2024-11-3008161247core:NetGoodwill2023-12-3108161247core:IntangibleAssetsOtherThanGoodwill2023-12-3108161247core:LandBuildings2023-12-3108161247core:PlantMachinery2023-12-3108161247core:Vehicles2023-12-3108161247core:FurnitureFittings2023-12-3108161247core:OfficeEquipment2023-12-3108161247core:AfterOneYear2023-12-3108161247core:WithinOneYear2023-12-3108161247core:ListedExchangeTraded2023-12-3108161247core:UnlistedNon-exchangeTraded2023-12-3108161247core:ShareCapital2023-12-3108161247core:SharePremium2023-12-3108161247core:RevaluationReserve2023-12-3108161247core:OtherReservesSubtotal2023-12-3108161247core:RetainedEarningsAccumulatedLosses2023-12-3108161247core:NetGoodwill2022-12-3108161247core:IntangibleAssetsOtherThanGoodwill2022-12-3108161247core:LandBuildings2022-12-3108161247core:PlantMachinery2022-12-3108161247core:Vehicles2022-12-3108161247core:FurnitureFittings2022-12-3108161247core:OfficeEquipment2022-12-3108161247core:AfterOneYear2022-12-3108161247core:WithinOneYear2022-12-3108161247core:ListedExchangeTraded2022-12-3108161247core:UnlistedNon-exchangeTraded2022-12-3108161247core:ShareCapital2022-12-3108161247core:SharePremium2022-12-3108161247core:RevaluationReserve2022-12-3108161247core:OtherReservesSubtotal2022-12-3108161247core:RetainedEarningsAccumulatedLosses2022-12-3108161247core:AfterOneYear2024-01-012024-11-3008161247core:WithinOneYear2024-01-012024-11-3008161247core:Non-currentFinancialInstrumentscore:CostValuation2024-01-012024-11-3008161247core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-012024-11-3008161247core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-012024-11-3008161247core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-012024-11-3008161247core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-012024-11-3008161247core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-012024-11-3008161247core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-012024-11-3008161247core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-012024-11-3008161247core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-012024-11-3008161247core:Non-currentFinancialInstrumentscore:CostValuation2024-11-3008161247core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-11-3008161247core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-11-3008161247core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-11-3008161247core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-11-3008161247core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-11-3008161247core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-11-3008161247core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-11-3008161247core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-11-3008161247core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3108161247core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3108161247core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3108161247core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3108161247core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3108161247core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3108161247core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3108161247core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3108161247core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3108161247bus:Director12024-01-012024-11-30

LOVELY FOOD LIMITED

Registered Number
08161247
(England and Wales)

Unaudited Financial Statements for the Period ended
30 November 2024

LOVELY FOOD LIMITED
Company Information
for the period from 1 January 2024 to 30 November 2024

Director

DADASHNEJAD KESHAVARZI, Yasmin

Registered Address

Community House
Badger Street
Bury
BL9 6AD

Registered Number

08161247 (England and Wales)
LOVELY FOOD LIMITED
Statement of Financial Position
30 November 2024

Notes

30 Nov 2024

31 Dec 2023

£

£

£

£

Fixed assets
Intangible assets317,037-
Tangible assets420,963-
38,000-
Current assets
Debtors535,98335,983
Cash at bank and on hand19,4811,524
55,46437,507
Creditors amounts falling due within one year6(53,055)(3,868)
Net current assets (liabilities)2,40933,639
Total assets less current liabilities40,40933,639
Creditors amounts falling due after one year7(104,349)(80,394)
Net assets(63,940)(46,755)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(64,940)(47,755)
Shareholders' funds(63,940)(46,755)
The financial statements were approved and authorised for issue by the Director on 9 July 2025, and are signed on its behalf by:
DADASHNEJAD KESHAVARZI, Yasmin
Director
Registered Company No. 08161247
LOVELY FOOD LIMITED
Notes to the Financial Statements
for the period ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Vehicles20
Office Equipment20
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified. As at the balance sheet date, the company had an outstanding intercompany loan of £40,325.43 payable to La Bandera Limited, a related party. On 16th September 2024, La Bandera Limited entered into liquidation. No formal confirmation has yet been received regarding whether the outstanding loan will be enforced, waived, or settled as part of the liquidation process. The director has assessed the situation and have assumed that, as at 30 November 2024, Lovely Food Limited remains legally obliged to repay the loan, and therefore it is disclosed in full. The director will continue to monitor the liquidation proceedings and reflect any developments in future financial statements.
2.Average number of employees

20242023
Average number of employees during the year182
3.Intangible assets

Total

£
Cost or valuation
Additions17,933
At 30 November 2417,933
Amortisation and impairment
Charge for year896
At 30 November 24897
Net book value
At 30 November 2417,037
At 31 December 23-
4.Tangible fixed assets

Total

£
Cost or valuation
Additions22,067
At 30 November 2422,067
Depreciation and impairment
Charge for year1,104
At 30 November 241,103
Net book value
At 30 November 2420,963
At 31 December 23-
5.Debtors: amounts due after one year

2024

2023

££
Amounts owed by group undertakings 35,98335,983
Total35,98335,983
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables32,5183,868
Taxation and social security20,537-
Total53,0553,868
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts35,14938,418
Amounts owed to related parties40,32527,955
Other creditors28,87514,021
Total104,34980,394