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
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
Love The Sales Limited
Statement of financial position
as at 31 August 2025
Tangible assets
6,220
2,923
Cash at bank and in hand
322,813
108,191
Creditors: amounts falling due within one year
(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
(10,678)
(16,566)
Net assets/(liabilities)
108,517
(808,424)
Called up share capital
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
Love The Sales Limited
Notes to the Accounts
for the year ended 31 August 2025
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.
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 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.
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:
Plant & machinery
20% Straight Line
Computer equipment
20% 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.
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 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.
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.
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
Disposals
-
(2,934)
(2,934)
At 31 August 2025
6,868
15,348
22,216
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
At 31 August 2025
894
5,326
6,220
At 31 August 2024
1,759
1,164
2,923
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
Trade creditors
151,611
125,078
Taxes and social security
22,659
33,293
Other creditors
2,763
351,100
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Provisions for liabilities
£
At 1 September 2024
16,566
Additional provisions made during the period
45,900
Provision is for bad debt and refunds
Love The Sales Limited
Notes to the Accounts
for the year ended 31 August 2025
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).