| Registered number: 10866781 | ||||||||
| FOR THE YEAR ENDED 31/07/2024 | ||||||||
| Prepared By: | ||||||||
| R F Love and Company | ||||||||
| Chartered Accountant | ||||||||
| Holly House | ||||||||
| 21d, Chudleigh Road | ||||||||
| Exeter | ||||||||
| Devon | ||||||||
| EX2 8TS | ||||||||
| Luv Creative Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31/07/2024 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| Devon | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 10866781 | ||||||||
| ACCOUNTANTS | ||||||||
| R F Love and Company | ||||||||
| Chartered Accountant | ||||||||
| Holly House | ||||||||
| 21d, Chudleigh Road | ||||||||
| Exeter | ||||||||
| Devon | ||||||||
| EX2 8TS | ||||||||
| Luv Creative Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31/07/2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| Luv Creative Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Intangible assets | 3 | |||||||||
| Tangible assets | 4 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 5 | |||||||||
| Cash at bank and in hand | ||||||||||
| 163,750 | 120,339 | |||||||||
| CREDITORS: Amounts falling due within one year | 6 | |||||||||
| NET CURRENT LIABILITIES | ( | (10,800) | ||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 7 | 20,487 | 57,680 | |||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 9 | |||||||||
| Profit and loss account | 17,990 | 2,480 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| Luv Creative Limited | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31/07/2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Commercial Vehicles | reducing balance 25% | |||||||
| Fixtures and Fittings | reducing balance 25% | |||||||
| Equipment | reducing balance 25% | |||||||
| 1c. Intangible Assets | ||||||||
| 2. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 1 | |||||
| Luv Creative Limited | ||||||||
| 3. INTANGIBLE FIXED ASSETS | ||||
| Development | ||||
| Costs | Total | |||
| £ | £ | |||
| Cost | ||||
| At 01/08/2023 | 45,000 | 45,000 | ||
| At 31/07/2024 | 45,000 | 45,000 | ||
| Depreciation | ||||
| At 31/07/2024 | - | - | ||
| Net Book Amounts | ||||
| At 31/07/2024 | ||||
| At 31/07/2023 | ||||
| 4. TANGIBLE FIXED ASSETS | ||||||||
| Commercial | Fixtures | |||||||
| Vehicles | and Fittings | Equipment | Total | |||||
| £ | £ | £ | £ | |||||
| Cost | ||||||||
| At 01/08/2023 | 12,000 | 17,391 | 33,715 | 63,106 | ||||
| Additions | - | 31,042 | 71,311 | 102,353 | ||||
| At 31/07/2024 | 12,000 | 48,433 | 105,026 | 165,459 | ||||
| Depreciation | ||||||||
| At 01/08/2023 | 10,418 | 11,822 | 14,905 | 37,145 | ||||
| For the year | 395 | 9,195 | 22,505 | 32,095 | ||||
| At 31/07/2024 | 10,813 | 21,017 | 37,410 | 69,240 | ||||
| Net Book Amounts | ||||||||
| At 31/07/2024 | 96,219 | |||||||
| At 31/07/2023 | 25,961 | |||||||
| 5. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 76,358 | 32,862 | ||||||
| Other debtors | - | 83,774 | ||||||
| Amounts due from group companies | 84,000 | - | ||||||
| 160,358 | 116,636 | |||||||
| Luv Creative Limited | ||||||||
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| UK corporation tax | 51,847 | 36,371 | ||||||
| VAT | 8,798 | 10,008 | ||||||
| Directors current account | 21,224 | - | ||||||
| Bank loans and overdrafts | 1,429 | 76,560 | ||||||
| Bank Loan | - | 5,000 | ||||||
| Trade creditors | 163,711 | - | ||||||
| Accruals | 1,200 | 3,200 | ||||||
| 248,209 | 131,139 | |||||||
| 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Bank loans (unsecured) >1yr | 20,487 | 57,680 | ||||||
| 20,487 | 57,680 | |||||||
| 8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Deferred taxation | 18,282 | - | ||||||
| 18,282 | - | |||||||
| 9. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 1 | 1 | |||||||
| 1 | 1 | |||||||