Company Registration No. 10902328 (England and Wales)
LoveBeer Ltd
Unaudited accounts
for the year ended 28 February 2025
LoveBeer Ltd
Unaudited accounts
Contents
LoveBeer Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
20,430
23,029
Cash at bank and in hand
2,796
1,939
Creditors: amounts falling due within one year
(44,333)
(42,415)
Net current liabilities
(20,577)
(13,298)
Total assets less current liabilities
(147)
9,731
Provisions for liabilities
Deferred tax
(5,107)
(5,757)
Net (liabilities)/assets
(5,254)
3,974
Called up share capital
400
400
Profit and loss account
(5,654)
3,574
Shareholders' funds
(5,254)
3,974
For the year ending 28 February 2025 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 1 October 2025 and were signed on its behalf by
J Southey
Director
Company Registration No. 10902328
LoveBeer Ltd
Notes to the Accounts
for the year ended 28 February 2025
LoveBeer Ltd is a private company, limited by shares, registered in England and Wales, registration number 10902328. The registered office is 95 High Street, Milton, OX14 4EJ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
20 years straight line
Plant & machinery
4 years straight line & 20 years straight line
Computer equipment
4 years straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
LoveBeer Ltd
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
8,627
27,603
902
37,132
Additions
-
3,447
369
3,816
At 28 February 2025
8,627
31,050
1,271
40,948
At 1 March 2024
2,156
11,649
298
14,103
Charge for the year
431
5,728
256
6,415
At 28 February 2025
2,587
17,377
554
20,518
At 28 February 2025
6,040
13,673
717
20,430
At 29 February 2024
6,471
15,954
604
23,029
Raw materials
9,761
17,698
Finished goods
8,446
7,025
Amounts falling due within one year
Accrued income and prepayments
852
742
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
514
41
Loans from directors
39,294
40,009
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).