Lovefit Limited

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Registered number: 07805512

Lovefit Limited

Abbreviated accounts

For The Year Ended 31 March 2014

Green and Purple Limited

Ebenezer House

Rooks Street

Cottenham

Cambridge

CB24 8QZ

Lovefit Limited

Company No. 07805512

Abbreviated Balance Sheet 31 March 2014

Abbreviated Balance Sheet

		2014		2013
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	2		901		292

			901		292
CURRENT ASSETS
Cash at bank and in hand		11,283		14,017

		11,283		14,017
Creditors: Amounts Falling Due Within One Year		(10,789)		(10,876)

NET CURRENT ASSETS (LIABILITIES)			494		3,141

TOTAL ASSETS LESS CURRENT LIABILITIES			1,395		3,433

NET ASSETS			1,395		3,433

CAPITAL AND RESERVES
Called up share capital	3		10		10
Profit and Loss account			1,385		3,423

SHAREHOLDERS' FUNDS			1,395		3,433

Page 1

Lovefit Limited

Company No. 07805512

Abbreviated Balance Sheet (continued) 31 March 2014

For the year ending 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mrs Amber Brammah

10/12/2014

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Lovefit Limited

Notes to the Abbreviated Accounts

For The Year Ended 31 March 2014

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Fixtures & Fittings

25% Straight Line

Tangible Assets


	Total
Cost	£
As at 1 April 2013	500
Additions	979

As at 31 March 2014	1,479

Depreciation
As at 1 April 2013	208
Provided during the period	370

As at 31 March 2014	578

Net Book Value
As at 31 March 2014	901

As at 1 April 2013	292

Share Capital

	Value	Number	2014	2013
Allotted, called up and fully paid:	£		£	£
Ordinary shares	1.000	10	10	10

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