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Company Registration No. 07724750 (England and Wales)
LOVE FARMING LTD Unaudited accounts for the year ended 31 August 2025
LOVE FARMING LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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LOVE FARMING LTD Company Information for the year ended 31 August 2025
Directors
Timothy Love Frederick Love Christine Love
Company Number
07724750 (England and Wales)
Registered Office
WHITE HOUSE FARM LITTLE GRINGLEY RETFORD DN22 0DU
Accountants
Cloud Accountancy Limited 5 Park Crescent Retford Notts DN22 6UF
- 3 -
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of LOVE FARMING LTD for the year ended 31 August 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LOVE FARMING LTD for the year ended 31 August 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of LOVE FARMING LTD, as a body, in accordance with the terms of our engagement letter dated 1 April 2022. Our work has been undertaken solely to prepare for your approval the accounts of LOVE FARMING LTD and state those matters that we have agreed to state to the Board of Directors of LOVE FARMING LTD, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LOVE FARMING LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LOVE FARMING LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LOVE FARMING LTD. You consider that LOVE FARMING LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LOVE FARMING LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Cloud Accountancy Limited Member in Practice 5 Park Crescent Retford Notts DN22 6UF 4 April 2026
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LOVE FARMING LTD Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
178,920
137,176
Current assets
Inventories
536,430
399,900
Debtors
5
42,860
24,900
Cash at bank and in hand
6,305
(13,624)
585,595
411,176
Creditors: amounts falling due within one year
6
(537,061)
(452,415)
Net current assets/(liabilities)
48,534
(41,239)
Total assets less current liabilities
227,454
95,937
Creditors: amounts falling due after more than one year
7
(98,902)
(80,329)
Net assets
128,552
15,608
Capital and reserves
Called up share capital
8
35,255
35,255
Profit and loss account
93,297
(19,647)
Shareholders' funds
128,552
15,608
For the year ending 31 August 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 5 April 2026 and were signed on its behalf by
Timothy Love Director Company Registration No. 07724750
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LOVE FARMING LTD Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
LOVE FARMING LTD is a private company, limited by shares, registered in England and Wales, registration number 07724750. The registered office is WHITE HOUSE FARM, LITTLE GRINGLEY, RETFORD, DN22 0DU.
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. Amended Accounts These accounts replace the report and accounts for the year ended 31 August 2020 original filed with Companies House on the 31st May 2021; These accounts are now the statutory accounts of the Company; and These accounts are prepared as they were at the date of the original accounts.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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LOVE FARMING LTD Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2024
28,811
189,516
94,524
908
313,759
Additions
-
78,990
-
-
78,990
Disposals
-
(35,090)
(13,995)
-
(49,085)
At 31 August 2025
28,811
233,416
80,529
908
343,664
Depreciation
At 1 September 2024
-
128,657
47,508
418
176,583
Charge for the year
-
19,369
11,604
122
31,095
On disposals
-
(29,984)
(12,950)
-
(42,934)
At 31 August 2025
-
118,042
46,162
540
164,744
Net book value
At 31 August 2025
28,811
115,374
34,367
368
178,920
At 31 August 2024
28,811
60,859
47,016
490
137,176
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
15,554
9,475
Trade debtors
22,438
8,287
Accrued income and prepayments
4,868
7,138
42,860
24,900
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
6,856
56,196
Obligations under finance leases and hire purchase contracts
7,555
-
Trade creditors
50,820
23,833
Taxes and social security
189
-
Loans from directors
467,691
369,590
Accruals
3,950
2,796
537,061
452,415
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
73,060
80,329
Obligations under finance leases and hire purchase contracts
25,842
-
98,902
80,329
- 7 -
LOVE FARMING LTD Notes to the Accounts for the year ended 31 August 2025
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
35,255 Ordinary shares of £1 each
35,255
35,255
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).
- 8 -