I Love Office Supplies Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05306511

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		750		750
Tangible Assets	5		36,278		48,133

			37,028		48,883
CURRENT ASSETS
Stocks	6	19,440		7,000
Debtors	7	69,782		71,106
Cash at bank and in hand		995		22

		90,217		78,128
Creditors: Amounts Falling Due Within One Year	8	(144,696 )		(129,474 )

NET CURRENT ASSETS (LIABILITIES)			(54,479 )		(51,346 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(17,451 )		(2,463 )

Creditors: Amounts Falling Due After More Than One Year	9		(8,880 )		(11,327 )

NET LIABILITIES			(26,331 )		(13,790 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(26,431 )		(13,890 )

SHAREHOLDERS' FUNDS			(26,331)		(13,790)

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I Love Office Supplies Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Akinyinka Sobo

Director

25/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

I Love Office Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05306511 . The registered office is 26 Rudyerd Street, North Shields, Tyne & Wear, NE29 6RR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25%
Motor Vehicles	25%

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

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I Love Office Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	750

As at 31 December 2025	750

Net Book Value
As at 31 December 2025	750

As at 1 January 2025	750

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2025	6,823	57,415	64,238

As at 31 December 2025	6,823	57,415	64,238

Depreciation
As at 1 January 2025	3,258	12,847	16,105
Provided during the period	713	11,142	11,855

As at 31 December 2025	3,971	23,989	27,960

Net Book Value
As at 31 December 2025	2,852	33,426	36,278

As at 1 January 2025	3,565	44,568	48,133

6. Stocks

	2025	2024
	£	£
Stock	19,440	7,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	37,309	29,625
Other debtors	32,473	41,481

	69,782	71,106

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I Love Office Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	71,499	85,059
Bank loans and overdrafts	7,663	4,487
Other taxes and social security	9,850	5,289
VAT	5,347	2,271
Director's loan account	50,337	32,368

	144,696	129,474

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	6,968	9,415
Other creditors	1,912	1,912

	8,880	11,327

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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