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REGISTERED NUMBER: 12320925 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Love Toast Limited

Love Toast Limited (Registered number: 12320925)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Love Toast Limited

Company Information
for the year ended 30 November 2024







DIRECTORS: R J Ely
L C McNamee
D P Pearson





SECRETARY:





REGISTERED OFFICE: Unit 6, Cherrytree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ





REGISTERED NUMBER: 12320925 (England and Wales)





ACCOUNTANTS: Simpson Accountancy
Unit 6 Cherrytree Farm
Blackmore End Road
Sible Hedingham
Essex
C09 3LZ

Love Toast Limited (Registered number: 12320925)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 581,608 613,075

CURRENT ASSETS
Stocks 130,000 130,000
Debtors 5 85,243 82,675
Cash at bank and in hand 27,348 12,425
242,591 225,100
CREDITORS
Amounts falling due within one year 6 681,557 756,492
NET CURRENT LIABILITIES (438,966 ) (531,392 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,642

81,683

CREDITORS
Amounts falling due after more than one
year

7

(29,966

)

(36,965

)

PROVISIONS FOR LIABILITIES 8 (24,258 ) (8,091 )
NET ASSETS 88,418 36,627

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 88,319 36,528
SHAREHOLDERS' FUNDS 88,418 36,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Love Toast Limited (Registered number: 12320925)

Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





R J Ely - Director


Love Toast Limited (Registered number: 12320925)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Love Toast Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2023 - 56 ) .

Love Toast Limited (Registered number: 12320925)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 460,066 229,495 689,561
Additions 16,095 27,265 43,360
Disposals (5,250 ) - (5,250 )
At 30 November 2024 470,911 256,760 727,671
DEPRECIATION
At 1 December 2023 - 76,486 76,486
Charge for year 18,836 50,741 69,577
At 30 November 2024 18,836 127,227 146,063
NET BOOK VALUE
At 30 November 2024 452,075 129,533 581,608
At 30 November 2023 460,066 153,009 613,075

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,378 15,325
Amounts owed by associates 28,605 28,115
Other debtors 55,260 39,235
85,243 82,675

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 34,922 56,201
Amounts owed to associates 14,118 14,118
Taxation and social security 23,415 80,013
Other creditors 604,102 601,160
681,557 756,492

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 26,276 31,146
Other creditors 3,690 5,819
29,966 36,965

Love Toast Limited (Registered number: 12320925)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,276 6,146

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 24,258 8,091

Deferred
tax
£   
Balance at 1 December 2023 8,091
Provided during year 16,167
Balance at 30 November 2024 24,258

9. ULTIMATE CONTROLLING PARTY

The controlling party is R J Ely.