REGISTERED NUMBER: 08127177 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

Love My Fashions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs Anja Naveed

REGISTERED OFFICE:

Suite RO Morgan Reach House

136 Hagley Road

Birmingham

West Midlands

B16 9NX

REGISTERED NUMBER:

08127177 (England and Wales)

FIXED ASSETS

Property, plant and equipment

4

5,129

22,893

CURRENT ASSETS

Inventories

5

1,742,192

1,242,756

Debtors

6

578,387

181,806

Cash at bank and in hand

60,542

264,619

2,381,121

1,689,181

CREDITORS

Amounts falling due within one year

7

1,614,131

625,893

NET CURRENT ASSETS

766,990

1,063,288

TOTAL ASSETS LESS CURRENT LIABILITIES

772,119

1,086,181

CREDITORS

Amounts falling due after more than one year

8

507,044

806,917

NET ASSETS

265,075

279,264

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

264,975

279,164

SHAREHOLDERS' FUNDS

265,075

279,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 24 December 2025 and were signed by:

Mrs Anja Naveed - Director

1.	STATUTORY INFORMATION

Love My Fashions Ltd 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

Revenue 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 reducing balance and 20% on cost

Stocks

Inventories 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 11 (2023 - 7 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

8,475

79,424

8,000

13,959

109,858

Additions

-

-

-

3,252

3,252

At 31 December 2024

8,475

79,424

8,000

17,211

113,110

DEPRECIATION

At 1 January 2024

8,475

60,663

8,000

9,827

86,965

Charge for year

-

18,621

-

2,395

21,016

At 31 December 2024

8,475

79,284

8,000

12,222

107,981

NET BOOK VALUE

At 31 December 2024

-

140

-

4,989

5,129

At 31 December 2023

-

18,761

-

4,132

22,893

5.	INVENTORIES

31.12.24

31.12.23

£

£

Stocks

1,742,192

1,242,756

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

237,246

155,234

Other debtors

341,141

26,572

578,387

181,806

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,114,896

456,311

Taxation and social security

50,638

30,825

Other creditors

448,597

138,757

1,614,131

625,893

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

507,044

806,917