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REGISTERED NUMBER: 10745366 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 31 JULY 2023

FOR

ILLUMINELVES LTD

ILLUMINELVES LTD (REGISTERED NUMBER: 10745366)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ILLUMINELVES LTD

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2022 TO 31 JULY 2023







DIRECTORS: D Ogilvie
Ms M Rosery





SECRETARY: Ms M Rosery





REGISTERED OFFICE: 3 Arderne De Gray Road
Wolston
Coventry
CV8 3LQ





REGISTERED NUMBER: 10745366 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants and Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU

ILLUMINELVES LTD (REGISTERED NUMBER: 10745366)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 4,948
- 4,948

CURRENT ASSETS
Stocks 6 - 74,845
Debtors 7 13,883 651
Cash at bank 237 122,218
14,120 197,714
CREDITORS
Amounts falling due within one year 8 13,377 126,635
NET CURRENT ASSETS 743 71,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

743

76,027

PROVISIONS FOR LIABILITIES - 527
NET ASSETS 743 75,500

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 741 75,498
SHAREHOLDERS' FUNDS 743 75,500

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

ILLUMINELVES LTD (REGISTERED NUMBER: 10745366)

BALANCE SHEET - continued
31 JULY 2023


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 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 18 October 2023 and were signed on its behalf by:





Ms M Rosery - Director


ILLUMINELVES LTD (REGISTERED NUMBER: 10745366)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 31 JULY 2023

1. STATUTORY INFORMATION

Illuminelves 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised in the accounting period in which the service is carried out.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - Straight line over 5 years
Office equipment - 25% on reducing balance

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 period 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.


ILLUMINELVES LTD (REGISTERED NUMBER: 10745366)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 31 JULY 2023

2. ACCOUNTING POLICIES - continued
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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022 5,000
Disposals (5,000 )
At 31 July 2023 -
AMORTISATION
At 1 April 2022 5,000
Eliminated on disposal (5,000 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 March 2022 -

ILLUMINELVES LTD (REGISTERED NUMBER: 10745366)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 1,894 802 21,735 5,705 30,136
Additions - - 39,380 - 39,380
Disposals (1,894 ) (802 ) (61,115 ) (5,705 ) (69,516 )
At 31 July 2023 - - - - -
DEPRECIATION
At 1 April 2022 1,446 568 19,561 3,613 25,188
Charge for period 140 73 12,675 653 13,541
Eliminated on disposal (1,586 ) (641 ) (32,236 ) (4,266 ) (38,729 )
At 31 July 2023 - - - - -
NET BOOK VALUE
At 31 July 2023 - - - - -
At 31 March 2022 448 234 2,174 2,092 4,948

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 21,735
Additions 39,380
Disposals (61,115 )
At 31 July 2023 -
DEPRECIATION
At 1 April 2022 19,561
Charge for period 12,675
Eliminated on disposal (32,236 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 March 2022 2,174

6. STOCKS
2023 2022
£    £   
Stocks - 74,845

ILLUMINELVES LTD (REGISTERED NUMBER: 10745366)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 31 JULY 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 13,883 651

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Finance leases - 2,993
Taxation and social security 5,168 41,195
Other creditors 8,209 82,447
13,377 126,635

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Finance leases - 2,993

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

11. RELATED PARTY DISCLOSURES

During the year the Company sold a total of £135,167 stock and £35,280 fixed assets to related party, Christmas & Other Stories Ltd