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Registered number: 07987889
Live Laugh Love Limited
Financial Statements
For The Year Ended 30 March 2025
Friern Accountancy Ltd
92 Friern Gardens
Wickford
Essex
SS12 0HD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07987889
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 50,000 50,000
Tangible Assets 5 10,407 13,895
60,407 63,895
CURRENT ASSETS
Stocks 6 115,000 112,000
Debtors 7 - 2,474
Cash at bank and in hand 58 236
115,058 114,710
Creditors: Amounts Falling Due Within One Year 8 (123,366 ) (130,152 )
NET CURRENT ASSETS (LIABILITIES) (8,308 ) (15,442 )
TOTAL ASSETS LESS CURRENT LIABILITIES 52,099 48,453
Creditors: Amounts Falling Due After More Than One Year 9 - (17,589 )
NET ASSETS 52,099 30,864
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 52,097 30,862
SHAREHOLDERS' FUNDS 52,099 30,864
Page 1
Page 2
For the year ending 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ricky Perrin
Director
12/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Live Laugh Love Limited Registered number 07987889 is a limited by shares company incorporated in England & Wales. The Registered Office is 92 Friern Gardens, Wickford, Essex, SS12 0HD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Motor Vehicles 25%
Computer Equipment 25%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2025 2024
Office and administration 1 1
Sales, marketing and distribution 2 1
3 2
4. Intangible Assets
Goodwill
£
Cost
As at 31 March 2024 50,000
As at 30 March 2025 50,000
Net Book Value
As at 30 March 2025 50,000
As at 31 March 2024 50,000
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5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 31 March 2024 36,809 17,050 2,961 56,820
As at 30 March 2025 36,809 17,050 2,961 56,820
Depreciation
As at 31 March 2024 24,317 16,082 2,526 42,925
Provided during the period 3,123 243 122 3,488
As at 30 March 2025 27,440 16,325 2,648 46,413
Net Book Value
As at 30 March 2025 9,369 725 313 10,407
As at 31 March 2024 12,492 968 435 13,895
6. Stocks
2025 2024
£ £
Finished goods 115,000 112,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 2,474
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 32,146 55,492
Bank loans and overdrafts 41,021 57,340
PayPal Loan 13,017 2,731
Other taxes and social security 1,416 866
VAT 3,991 9,666
Accruals and deferred income 4,467 3,900
Director's loan account 27,308 157
123,366 130,152
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Liquid Capital Finance - 17,589
Page 4
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10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
12. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 500 17,700
13. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
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