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Company Registration No. 07468551 (England and Wales)
Lovefreight Ltd Unaudited accounts for the year ended 31 December 2024
Lovefreight Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Lovefreight Ltd Company Information for the year ended 31 December 2024
Directors
Victoria Knight Joanne Bew
Company Number
07468551 (England and Wales)
Registered Office
Unit 2 Hemmells Basildon Essex SS15 6ED
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Lovefreight Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
87,879 
50,543 
Current assets
Debtors
5
301,340 
280,266 
Cash at bank and in hand
509,816 
245,139 
811,156 
525,405 
Creditors: amounts falling due within one year
6
(426,883)
(299,189)
Net current assets
384,273 
226,216 
Total assets less current liabilities
472,152 
276,759 
Creditors: amounts falling due after more than one year
7
(1,866)
(6,997)
Provisions for liabilities
Deferred tax
(16,697)
(9,603)
Net assets
453,589 
260,159 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
453,389 
259,959 
Shareholders' funds
453,589 
260,159 
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by
Victoria Knight Director Company Registration No. 07468551
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Lovefreight Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Lovefreight Ltd is a private company, limited by shares, registered in England and Wales, registration number 07468551. The registered office is Unit 2 Hemmells, Basildon, Essex, SS15 6ED.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
76,150 
9,910 
86,060 
Additions
66,629 
- 
66,629 
At 31 December 2024
142,779 
9,910 
152,689 
Depreciation
At 1 January 2024
29,411 
6,106 
35,517 
Charge for the year
28,342 
951 
29,293 
At 31 December 2024
57,753 
7,057 
64,810 
Net book value
At 31 December 2024
85,026 
2,853 
87,879 
At 31 December 2023
46,739 
3,804 
50,543 
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Lovefreight Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
296,340 
275,266 
Other debtors
5,000 
5,000 
301,340 
280,266 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,455 
5,455 
VAT
17,738 
26,063 
Trade creditors
245,266 
140,435 
Taxes and social security
66,548 
12,909 
Other creditors
90,676 
- 
Loans from directors
- 
113,127 
Accruals
1,200 
1,200 
426,883 
299,189 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,866 
6,997 
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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