1 September 2024 false Taxfiler 2024.6 true 08642577 business:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 08642577 2024-08-31 08642577 2024-09-01 2025-08-31 08642577 business:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 08642577 business:FilletedAccounts 2024-09-01 2025-08-31 08642577 2025-08-31 08642577 business:Director1 2024-09-01 2025-08-31 08642577 business:Director3 2024-09-01 2025-08-31 08642577 business:Director5 2024-09-01 2025-08-31 08642577 business:Director6 2024-09-01 2025-08-31 08642577 business:RegisteredOffice 2024-09-01 2025-08-31 08642577 2024-08-31 08642577 core:WithinOneYear 2025-08-31 08642577 core:WithinOneYear 2024-08-31 08642577 core:ShareCapital core:PreviouslyStatedAmount 2025-08-31 08642577 core:ShareCapital core:PreviouslyStatedAmount 2024-08-31 08642577 core:SharePremium core:PreviouslyStatedAmount 2025-08-31 08642577 core:SharePremium core:PreviouslyStatedAmount 2024-08-31 08642577 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-08-31 08642577 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-08-31 08642577 core:PreviouslyStatedAmount 2025-08-31 08642577 core:PreviouslyStatedAmount 2024-08-31 08642577 business:SmallEntities 2024-09-01 2025-08-31 08642577 countries:EnglandWales 2024-09-01 2025-08-31 08642577 core:PlantMachinery 2024-09-01 2025-08-31 08642577 core:ComputerEquipment 2024-09-01 2025-08-31 08642577 core:PlantMachinery 2024-08-31 08642577 core:ComputerEquipment 2024-08-31 08642577 core:PlantMachinery 2025-08-31 08642577 core:ComputerEquipment 2025-08-31 08642577 core:OtherProvisionsContingentLiabilities 2024-08-31 08642577 core:OtherProvisionsContingentLiabilities 2024-09-01 2025-08-31 08642577 core:OtherProvisionsContingentLiabilities 2025-08-31 08642577 business:OrdinaryShareClass1 2024-09-01 2025-08-31 08642577 business:OrdinaryShareClass1 2023-09-01 2024-08-31 08642577 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08642577 (England and Wales)
Love The Sales Limited Unaudited accounts for the year ended 31 August 2025
Love The Sales Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Love The Sales Limited Company Information for the year ended 31 August 2025
Directors
David Bishop Mark Solomon Ankur Agarwal Benedict Myles Ludlow Ashworth
Company Number
08642577 (England and Wales)
Registered Office
Capital Office 124-128 City Road London London EC1V 2NX England
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
- 3 -
Love The Sales Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
6,220
2,923
Current assets
Debtors
5
21,215
16,112
Cash at bank and in hand
322,813
108,191
344,028
124,303
Creditors: amounts falling due within one year
6
(231,053)
(919,084)
Net current assets/(liabilities)
112,975
(794,781)
Total assets less current liabilities
119,195
(791,858)
Provisions for liabilities
Other provisions
7
(10,678)
(16,566)
Net assets/(liabilities)
108,517
(808,424)
Capital and reserves
Called up share capital
8
3,520
3,279
Share premium
3,843,797
3,121,793
Profit and loss account
(3,738,800)
(3,933,496)
Shareholders' funds
108,517
(808,424)
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 26 May 2026 and were signed on its behalf by
Mark Solomon Director Company Registration No. 08642577
- 4 -
Love The Sales Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Love The Sales Limited is a private company, limited by shares, registered in England and Wales, registration number 08642577. The registered office is Capital Office, 124-128 City Road, London, London, EC1V 2NX, England.
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.
Going concern
The financial statements have been prepared on a going concern basis, as the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
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
20% Straight Line
Computer equipment
20% Straight Line
Pension costs
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 rendering of services is recognised by reference to the completion of each transaction.
Prior Period Restatement
During the current period, the Company identified a prior period error involving £75,000 of unrecognized professional fees from 2024. This omission resulted in an understatement of administrative expenses and a corresponding understatement of liabilities in the previous year's financial statements. To correct this, the 2024 professional fees have been restated from the previously reported £26,802 to the corrected amount of £101,802. The comparative figures for 2024 have been adjusted retrospectively to reflect this correction and ensure accurate reporting.
- 5 -
Love The Sales Limited Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 September 2024
6,868
13,035
19,903
Additions
-
5,247
5,247
Disposals
-
(2,934)
(2,934)
At 31 August 2025
6,868
15,348
22,216
Depreciation
At 1 September 2024
5,109
11,871
16,980
Charge for the year
865
1,085
1,950
On disposals
-
(2,934)
(2,934)
At 31 August 2025
5,974
10,022
15,996
Net book value
At 31 August 2025
894
5,326
6,220
At 31 August 2024
1,759
1,164
2,923
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
21,215
16,112
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
108,550
VAT
45,666
40,091
Trade creditors
151,611
125,078
Taxes and social security
22,659
33,293
Other creditors
2,763
351,100
Accruals
8,354
186,032
Deferred income
-
74,940
231,053
919,084
7
Provisions for liabilities
£
At 1 September 2024
16,566
Additional provisions made during the period
45,900
Provisions used
(51,788)
At 31 August 2025
10,678
Provision is for bad debt and refunds
- 6 -
Love The Sales Limited Notes to the Accounts for the year ended 31 August 2025
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
3,520,000 Ordinary shares of £0.001 each
3,520
3,279
Shares issued during the period:
241,000 Ordinary shares of £0.001 each
241
9
Average number of employees
During the year the average number of employees was 7 (2024: 11).
- 7 -