Lovjoy Ltd - Filleted accounts

Registered number

08646710

Lovjoy Ltd

Filleted Accounts

31 August 2025

Lovjoy Ltd
Registered number:		08646710
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		13,143			16,429

Current assets
Stocks		109,159			49,061
Debtors	4	17,549			12,229
Cash at bank and in hand		64,039			117,505
		190,747			178,795

Creditors: amounts falling due within one year	5	(64,512)			(58,552)

Net current assets			126,235			120,243

Net assets			139,378			136,672

Capital and reserves
Called up share capital			200			200
Profit and loss account			139,178			136,472

Shareholders' funds			139,378			136,672

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Kokila Mohan
Director
Approved by the board on 29 May 2026

Lovjoy Ltd
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings and equipment	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 September 2024	9,393		21,952		31,345
	At 31 August 2025	9,393		21,952		31,345

	Depreciation
	At 1 September 2024	7,013		7,903		14,916
	Charge for the year	476		2,810		3,286
	At 31 August 2025	7,489		10,713		18,202

	Net book value
	At 31 August 2025	1,904		11,239		13,143
	At 31 August 2024	2,380		14,049		16,429


4	Debtors			2025		2024
£					£

	Trade debtors			15,358		6,441
	Other debtors			2,191		5,788
				17,549		12,229


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			3,156		2,487
	Taxation and social security costs			7,771		4,452
	Other creditors			53,585		51,613
				64,512		58,552


6	Other information

	Lovjoy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	U5 20 High Street
	London
	E15 2PP