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REGISTERED NUMBER: 09900725 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

BIG RED LIVING THE DREAM LTD

BIG RED LIVING THE DREAM LTD (REGISTERED NUMBER: 09900725)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BIG RED LIVING THE DREAM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr. J. Beckitt
Mr. M. V. Dudhwala
Mr J R Polledri
Mr. C. Gallivan



REGISTERED OFFICE: 12 Abbey Road
GRIMSBY
DN32 0HL



REGISTERED NUMBER: 09900725 (England and Wales)



ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL



BANKERS: National Westminster Bank plc
39 Grimsby Road
CLEETHORPES
DN35 7AQ

BIG RED LIVING THE DREAM LTD (REGISTERED NUMBER: 09900725)

ABRIDGED BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,095 61,967

CURRENT ASSETS
Stocks 683,588 634,089
Debtors 20,997 18,069
Cash at bank and in hand 94,289 330,506
798,874 982,664
CREDITORS
Amounts falling due within one year 296,278 347,141
NET CURRENT ASSETS 502,596 635,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

576,691

697,490

CREDITORS
Amounts falling due after more than one
year

(26,743

)

(181,482

)

PROVISIONS FOR LIABILITIES (14,078 ) (15,306 )
NET ASSETS 535,870 500,702

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 100 100
Profit and loss account 535,770 500,602
SHAREHOLDERS' FUNDS 535,870 500,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BIG RED LIVING THE DREAM LTD (REGISTERED NUMBER: 09900725)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2023 and were signed on its behalf by:





Mr. J. Beckitt - Director


BIG RED LIVING THE DREAM LTD (REGISTERED NUMBER: 09900725)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Big Red Living the Dream Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turrnover represents net amounts for goods sold excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 30% Reducing Balance and 20% Reducing Balance
Fixtures and fittings - 20% Reducing Balance
Motor vehicles - 20% Reducing Balance
Computer equipment - 33% Straight Line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 28 ) .

BIG RED LIVING THE DREAM LTD (REGISTERED NUMBER: 09900725)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 114,342
Additions 44,742
Disposals (16,124 )
At 31 January 2023 142,960
DEPRECIATION
At 1 February 2022 52,375
Charge for year 17,842
Eliminated on disposal (1,352 )
At 31 January 2023 68,865
NET BOOK VALUE
At 31 January 2023 74,095
At 31 January 2022 61,967

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.23 31.1.22
£    £   
Net obligations repayable:
Within one year 5,440 -
Between one and five years 26,743 -
32,183 -

Non-cancellable operating leases
31.1.23 31.1.22
£    £   
Within one year 15,155 12,000
Between one and five years 1,497 9,167
16,652 21,167

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Mr. J. Beckitt
Balance outstanding at start of year 1,748 -
Amounts advanced - 1,748
Amounts repaid (1,748 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,748

BIG RED LIVING THE DREAM LTD (REGISTERED NUMBER: 09900725)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


7. POST BALANCE SHEET EVENTS

An agreement was made in principle on the 15th August, 2023 for the company to repurchase 50% of its share capital at a value of £233,097.