Registered number
13032507
LIVING AND HOME LIMITED
Unaudited Filleted Accounts
30 November 2021
LIVING AND HOME LIMITED
Registered number: 13032507
Balance Sheet
as at 30 November 2021
Notes 2021
£
Current assets
Stocks 211,000
Cash at bank and in hand 47,653
258,653
Creditors: amounts falling due within one year 3 (251,189)
Net current assets 7,464
Net assets 7,464
Capital and reserves
Called up share capital 100
Profit and loss account 7,364
Shareholders' funds 7,464
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.
The 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Rumessa Sadiq
Director
Approved by the board on 8 August 2022
LIVING AND HOME LIMITED
Notes to the Accounts
for the period from 19 November 2020 to 30 November 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021
Number
Average number of persons employed by the company 14
3 Creditors: amounts falling due within one year 2021
£
Taxation and social security costs 32,375
Other creditors 218,814
251,189
4 Controlling party
During the year the company was under the control of Rumessa Sadiq, as the director of the company. Rumessa Sadiq hold 100% of the company's issued share capital.
5 Other information
LIVING AND HOME LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
22 Kay Street
Manchester
M11 2DU
LIVING AND HOME LIMITED 13032507 false 2020-11-19 2021-11-30 2021-11-30 VT Final Accounts April 2022 Rumessa Sadiq No description of principal activity 13032507 2020-11-19 2021-11-30 13032507 bus:PrivateLimitedCompanyLtd 2020-11-19 2021-11-30 13032507 bus:AuditExemptWithAccountantsReport 2020-11-19 2021-11-30 13032507 bus:Director40 2020-11-19 2021-11-30 13032507 1 2020-11-19 2021-11-30 13032507 2 2020-11-19 2021-11-30 13032507 countries:England 2020-11-19 2021-11-30 13032507 bus:FRS102 2020-11-19 2021-11-30 13032507 bus:FullAccounts 2020-11-19 2021-11-30 13032507 2021-11-30 13032507 core:WithinOneYear 2021-11-30 13032507 core:ShareCapital 2021-11-30 13032507 core:RetainedEarningsAccumulatedLosses 2021-11-30 13032507 2020-11-18 iso4217:GBP xbrli:pure