Charles Jeffrey Loverboy Limited Filleted Accounts Cover |
Company No. 10212882 | |||||||||
Charles Jeffrey Loverboy Limited Directors Report Registrar |
The Directors present their report and the accounts for the year ended 30 April 2022. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
N. Ingleby | |||||||||
C.J.S.H. Jeffrey | |||||||||
S. Martinetto | |||||||||
G. Simiri | (Resigned 7 January 2022) | ||||||||
S. Thompson | (Resigned 31 December 2021) | ||||||||
E. Troulakis | |||||||||
Signed on behalf of the board | |||||||||
C.J.S.H. Jeffrey | |||||||||
Director | |||||||||
19 April 2023 |
Charles Jeffrey Loverboy Limited Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2022 | 2021 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Intangible assets | 4 | |||||||||
Tangible assets | 5 | |||||||||
Current assets | ||||||||||
Stocks | 6 | |||||||||
Debtors | 7 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 8 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 9 | ( | ( | |||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Share premium account | 10 | |||||||||
Profit and loss account | 10 | ( | ||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 19 April 2023 | ||||||||||
And signed on its behalf by: | ||||||||||
C.J.S.H. Jeffrey | ||||||||||
Director | ||||||||||
19 April 2023 |
Charles Jeffrey Loverboy Limited Notes to the Accounts Registrar |
for the year ended 30 April 2022 | ||||||||||||||
1 | General information | |||||||||||||
Its registered number is: 10212882 | ||||||||||||||
Its registered office is: | Its trading address is: | |||||||||||||
Vault 10 | ||||||||||||||
Somerset House Studios | ||||||||||||||
Somerset House, The Strand | ||||||||||||||
London | ||||||||||||||
WC2R 1LA | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||
Intangible fixed assets | ||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Plant and machinery | ||||||||||||||
Furniture, fittings and equipment | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Investments | ||||||||||||||
Stocks | ||||||||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses. | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Foreign currencies | ||||||||||||||
Defined contribution pensions | ||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
3 | Employees | |||||||||||||
2022 | 2021 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Intangible fixed assets | |||||||||||||
Patents and trade-marks | Total | |||||||||||||
£ | £ | |||||||||||||
Cost | ||||||||||||||
At 1 May 2021 | ||||||||||||||
Additions | ||||||||||||||
At 30 April 2022 | ||||||||||||||
Amortisation and impairment | ||||||||||||||
Charge for the year | ||||||||||||||
At 30 April 2022 | ||||||||||||||
Net book values | ||||||||||||||
At 30 April 2022 | ||||||||||||||
At 30 April 2021 | ||||||||||||||
5 | Tangible fixed assets | |||||||||||||
Plant and machinery | Fixtures, fittings and equipment | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost or revaluation | ||||||||||||||
At 1 May 2021 | ||||||||||||||
Additions | ||||||||||||||
At 30 April 2022 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 May 2021 | ||||||||||||||
Charge for the year | ||||||||||||||
At 30 April 2022 | ||||||||||||||
Net book values | ||||||||||||||
At 30 April 2022 | ||||||||||||||
At 30 April 2021 | ||||||||||||||
6 | Stocks | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Finished goods | ||||||||||||||
7 | Debtors | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Corporation tax recoverable | ||||||||||||||
Loans to directors | ||||||||||||||
Other debtors | ||||||||||||||
Prepayments and accrued income | ||||||||||||||
8 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Trade creditors | ||||||||||||||
Amounts owed to group undertakings | ||||||||||||||
Corporation tax | ||||||||||||||
Other taxes and social security | ||||||||||||||
Other creditors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
9 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
10 | Reserves | |||||||||||||
11 | Dividends | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Dividends for the period: | ||||||||||||||
Dividends paid in the period | - | 8,976 | ||||||||||||
8,976 | ||||||||||||||
Dividends by type: | ||||||||||||||
Equity dividends | ||||||||||||||
- | 8,976 | |||||||||||||
12 | Related party disclosures | |||||||||||||
2022 | 2021 | |||||||||||||
Transactions with related parties | £ | £ | ||||||||||||
Name of related party | ||||||||||||||
Description of relationship between the parties | Associated company | |||||||||||||
Description of transaction and general amounts involved | ||||||||||||||
Amount due from/(to) the related party | ( | |||||||||||||
Name of related party | ||||||||||||||
Description of relationship between the parties | Director | |||||||||||||
Description of transaction and general amounts involved | Loan to director: no interest, no fixed terms of repayment | |||||||||||||
Amount due from/(to) the related party | 4,806 | 4,806 | ||||||||||||