| LUV TO BUY LTD |
| Registered number: |
07613498 |
| Abbreviated Balance Sheet |
| as at 30 April 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
3,191 |
|
|
3,989 |
|
| Current assets |
| Stocks |
|
|
3,354 |
|
|
1,901 |
| Debtors |
|
|
6,453 |
|
|
- |
| Cash at bank and in hand |
|
|
1,600 |
|
|
1,036 |
|
|
|
11,407 |
|
|
2,937 |
|
| Creditors: amounts falling due within one year |
|
|
(12,579) |
|
|
(3,031) |
|
| Net current liabilities |
|
|
|
(1,172) |
|
|
(94) |
|
| Net assets |
|
|
|
2,019 |
|
|
3,895 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
2,018 |
|
|
3,894 |
|
| Shareholders' funds |
|
|
|
2,019 |
|
|
3,895 |
|
|
|
|
|
|
|
|
| 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. |
| 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Khalil Khaghani Rad |
| Director |
| Approved by the board on 14 August 2014 |
|
| LUV TO BUY LTD |
| Notes to the Abbreviated Accounts |
| for the year ended 30 April 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2013 |
5,684 |
|
At 30 April 2014 |
5,684 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2013 |
1,695 |
|
Charge for the year |
798 |
|
At 30 April 2014 |
2,493 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2014 |
3,191 |
|
At 30 April 2013 |
3,989 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
