LOVE DA BASE LIMITED

LOVE DA BASE LIMITED

LOVE DA BASE LIMITED - Company Information

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LOVE DA BASE LIMITED

Company Registration Number:
04251454 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

LOVE DA BASE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

LOVE DA BASE LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 1,967 930
Total fixed assets: 1,967 930
Current assets
Debtors:   13,895 9,299
Cash at bank and in hand: 5,872 13,038
Total current assets: 19,767 22,337
Creditors: amounts falling due within one year: 4 (21,134) (17,540)
Net current assets (liabilities): (1,367) 4,797
Total assets less current liabilities: 600 5,727
Total net assets (liabilities): 600 5,727
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 500 5,627
Shareholders funds: 600 5,727

The notes form part of these financial statements

LOVE DA BASE LIMITED

Balance sheet statements

For the year ending 31 December 2017 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 September 2018
and signed on behalf of the board by:

Name: C Hockley
Status: Director

The notes form part of these financial statements

LOVE DA BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Other accounting policies

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

LOVE DA BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Employees

2017 2016
Average number of employees during the period 1 1

LOVE DA BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible Assets

Total
Cost £
At 01 January 2017 3,554
Additions 1,693
At 31 December 2017 5,247
Depreciation
At 01 January 2017 2,624
Charge for year 656
At 31 December 2017 3,280
Net book value
At 31 December 2017 1,967
At 31 December 2016 930

LOVE DA BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Creditors: amounts falling due within one year note

Trade creditors £1,782Taxation £19,043Other creditors £309