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Registered number: 10866781

Luv Creative Limited

ACCOUNTS
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
Matthew Causon
REGISTERED OFFICE
Holly House
21d Chudleigh Road
Exeter
Devon
EX2 8TS
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 Sheet3
Notes To The Accounts4
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 31/07/2024
20242023
Notes££
FIXED ASSETS
Intangible assets345,00045,000
Tangible assets496,21925,961
141,21970,961
CURRENT ASSETS
Debtors5160,358116,636
Cash at bank and in hand3,3923,703
163,750120,339
CREDITORS: Amounts falling due within one year6248,209131,139
NET CURRENT LIABILITIES(84,459)(10,800)
TOTAL ASSETS LESS CURRENT LIABILITIES56,76060,161
CREDITORS: Amounts falling due after more than one year720,48757,680
PROVISIONS FOR LIABILITIES AND CHARGES818,282-
NET ASSETS17,9912,481
CAPITAL AND RESERVES
Called up share capital911
Profit and loss account17,9902,480
SHAREHOLDERS' FUNDS17,9912,481
For the year ending 31/07/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/07/2025 and signed on their behalf by
.............................
Matthew Causon
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
2. EMPLOYEES
20242023
No.No.
Average number of employees11

Luv Creative Limited

3. INTANGIBLE FIXED ASSETS
Development
CostsTotal
££
Cost
At 01/08/202345,00045,000
At 31/07/202445,00045,000
Depreciation
At 31/07/2024--
Net Book Amounts
At 31/07/202445,00045,000
At 31/07/202345,00045,000
4. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsEquipmentTotal
££££
Cost
At 01/08/202312,00017,39133,71563,106
Additions-31,04271,311102,353
At 31/07/202412,00048,433105,026165,459
Depreciation
At 01/08/202310,41811,82214,90537,145
For the year3959,19522,50532,095
At 31/07/202410,81321,01737,41069,240
Net Book Amounts
At 31/07/20241,18727,41667,61696,219
At 31/07/20231,5825,56918,81025,961
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors76,35832,862
Other debtors-83,774
Amounts due from group companies84,000-
160,358116,636

Luv Creative Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax51,84736,371
VAT8,79810,008
Directors current account21,224-
Bank loans and overdrafts1,42976,560
Bank Loan-5,000
Trade creditors163,711-
Accruals1,2003,200
248,209131,139
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr20,48757,680
20,48757,680
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation18,282-
18,282-
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11