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REGISTERED NUMBER: 10030504 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

REVIVE & STRIVE LIMITED

REVIVE & STRIVE LIMITED (REGISTERED NUMBER: 10030504)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REVIVE & STRIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: G W Jackson
Mrs N Jackson





REGISTERED OFFICE: 102 Paisley Avenue
St Helens
Merseyside
WA11 9QP





REGISTERED NUMBER: 10030504 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

REVIVE & STRIVE LIMITED (REGISTERED NUMBER: 10030504)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 606,864 197,910

CURRENT ASSETS
Debtors 5 122,280 34,878
Cash at bank - 7,538
122,280 42,416
CREDITORS
Amounts falling due within one year 6 400,923 76,306
NET CURRENT LIABILITIES (278,643 ) (33,890 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,221

164,020

CREDITORS
Amounts falling due after more than one year 7 (79,094 ) (19,367 )

PROVISIONS FOR LIABILITIES 9 (146 ) -
NET ASSETS 248,981 144,653

CAPITAL AND RESERVES
Called up share capital 10 101 101
Retained earnings 248,880 144,552
SHAREHOLDERS' FUNDS 248,981 144,653

REVIVE & STRIVE LIMITED (REGISTERED NUMBER: 10030504)

BALANCE SHEET - continued
28TH FEBRUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th August 2023 and were signed on its behalf by:





G W Jackson - Director


REVIVE & STRIVE LIMITED (REGISTERED NUMBER: 10030504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Revive & Strive Limited 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 10% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

REVIVE & STRIVE LIMITED (REGISTERED NUMBER: 10030504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st March 2022 - 9,288 202,858
Additions 472,152 - -
Disposals - (9,288 ) (47,230 )
At 28th February 2023 472,152 - 155,628
DEPRECIATION
At 1st March 2022 - 588 18,553
Charge for year - - 14,393
Eliminated on disposal - (588 ) (6,849 )
At 28th February 2023 - - 26,097
NET BOOK VALUE
At 28th February 2023 472,152 - 129,531
At 28th February 2022 - 8,700 184,305

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st March 2022 5,163 1,047 218,356
Additions 807 - 472,959
Disposals - - (56,518 )
At 28th February 2023 5,970 1,047 634,797
DEPRECIATION
At 1st March 2022 258 1,047 20,446
Charge for year 531 - 14,924
Eliminated on disposal - - (7,437 )
At 28th February 2023 789 1,047 27,933
NET BOOK VALUE
At 28th February 2023 5,181 - 606,864
At 28th February 2022 4,905 - 197,910

REVIVE & STRIVE LIMITED (REGISTERED NUMBER: 10030504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,786 18,939
Other debtors - 7,446
Land deposit 80,000 -
Prepayments & accrued income 9,494 8,493
122,280 34,878

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 56,962 9,916
Tax 43,339 17,864
Social security and other taxes 62 586
VAT 48,438 28,383
Directors' current accounts 248,043 15,477
Accrued expenses 4,079 4,080
400,923 76,306

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 79,094 19,367

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 241 -
Bank loans < 1 year 56,721 9,916
56,962 9,916

Amounts falling due between one and two years:
Bank loans - 1-2 years 20,593 9,566

Amounts falling due between two and five years:
Bank loans - 2-5 years 58,501 9,801

REVIVE & STRIVE LIMITED (REGISTERED NUMBER: 10030504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 146 -

Deferred
tax
£   
Provided during year 146
Movement in the year
Balance at 28th February 2023 146

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
51 Ordinary A £1 51 51
49 Ordinary B £1 50 50
101 101

On 27th February 2022, 49 ordinary A shares were reclassified as 49 ordinary B shares.

11. ULTIMATE CONTROLLING PARTY

The controlling party is G W Jackson.