From Lover With Love Limited - Limited company accounts 11.4

REGISTERED NUMBER: 07472775 (England and Wales)

FROM LOVER WITH LOVE LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Ms M L Duggans

Mrs C A Darch

SECRETARY:

REGISTERED OFFICE:

Lynbrook

School Road

Lover, Redlynch

Salisbury

Wiltshire

SP5 2PW

REGISTERED NUMBER:

07472775 (England and Wales)

ACCOUNTANTS:

The Accounting Bureau Ltd

87 North Road

Poole

Dorset

BH14 0LT

The directors present their report with the financial statements of the company for the year ended 31 March 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2013 to the date of this report.

Ms M L Duggans

Mrs C A Darch

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mrs C A Darch - Director

15 December 2014

TURNOVER

4,913

4,832

Cost of sales

1,684

911

GROSS PROFIT

3,229

3,921

Administrative expenses

3,725

3,590

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION

2

(496

)

331

Tax on (loss)/profit on ordinary activities

3

-

66

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(496

)

265

CURRENT ASSETS

Stocks

975

Debtors

4

-

405

Cash at bank

1,650

2,967

2,625

4,347

CREDITORS

Amounts falling due within one year

5

2,623

3,849

NET CURRENT ASSETS

2

498

TOTAL ASSETS LESS CURRENT
LIABILITIES

2

498

CAPITAL AND RESERVES

Called up share capital

6

102

Profit and loss account

7

(100

)

396

SHAREHOLDERS' FUNDS

2

498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 15 December 2014 and were signed on its behalf by:

Mrs C A Darch - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	OPERATING (LOSS)/PROFIT

The operating loss (2013 - operating profit) is stated after charging:

2014

2013

£

Directors' remuneration and other benefits etc

2,064

2,067

3.

TAXATION

Analysis of the tax charge

The tax charge on the loss on ordinary activities for the year was as follows:

2014

2013

£

Current tax:

UK corporation tax

-

66

Tax on (loss)/profit on ordinary activities

-

66

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Other debtors

-

405

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade creditors

2,064

3,134

Taxation and social security

-

66

Other creditors

559

649

2,623

3,849

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

102

Ordinary

1

102

7.

RESERVES

Profit

and loss

account

£

At 1 April 2013

396

Deficit for the year

(496

)

At 31 March 2014

(100

)