Endless Living LTD 14087838 false 2022-05-05 2023-05-31 2023-05-31 The principal activity of the company is Other Holiday and Other Collective Accomodation Digita Accounts Production Advanced 6.30.9574.0 true 14087838 2022-05-05 2023-05-31 14087838 2023-05-31 14087838 bus:OrdinaryShareClass1 2023-05-31 14087838 core:CurrentFinancialInstruments 2023-05-31 14087838 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 14087838 core:FurnitureFittings 2023-05-31 14087838 bus:SmallEntities 2022-05-05 2023-05-31 14087838 bus:AuditExemptWithAccountantsReport 2022-05-05 2023-05-31 14087838 bus:FilletedAccounts 2022-05-05 2023-05-31 14087838 bus:SmallCompaniesRegimeForAccounts 2022-05-05 2023-05-31 14087838 bus:RegisteredOffice 2022-05-05 2023-05-31 14087838 bus:Director1 2022-05-05 2023-05-31 14087838 bus:Director2 2022-05-05 2023-05-31 14087838 bus:OrdinaryShareClass1 2022-05-05 2023-05-31 14087838 bus:PrivateLimitedCompanyLtd 2022-05-05 2023-05-31 14087838 core:FurnitureFittings 2022-05-05 2023-05-31 14087838 countries:England 2022-05-05 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14087838

Endless Living LTD

Unaudited Filleted Financial Statements

for the Period from 5 May 2022 to 31 May 2023

 

Endless Living LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Endless Living LTD

Company Information

Directors

Mrs Happy Vinolia Nkomo

Mrs Winnet Chitiyo

Registered office

Co: Esitaas
Premier Business House 43-45 Sanders Road
Finedon Road Industrial Estate
Wellingborough
Northamptonshire
NN8 4NL

 

Endless Living LTD

(Registration number: 14087838)
Balance Sheet as at 31 May 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

2,479

Current assets

 

Debtors

5

192

Creditors: Amounts falling due within one year

6

(5,902)

Net current liabilities

 

(5,710)

Net liabilities

 

(3,231)

Capital and reserves

 

Called up share capital

7

100

Retained earnings

(3,331)

Shareholders' deficit

 

(3,231)

For the financial period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 April 2024 and signed on its behalf by:
 

.........................................
Mrs Happy Vinolia Nkomo
Director

 

Endless Living LTD

Notes to the Unaudited Financial Statements for the Period from 5 May 2022 to 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Co: Esitaas
Premier Business House 43-45 Sanders Road
Finedon Road Industrial Estate
Wellingborough
Northamptonshire
NN8 4NL
England

These financial statements were authorised for issue by the Board on 8 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Endless Living LTD

Notes to the Unaudited Financial Statements for the Period from 5 May 2022 to 31 May 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Endless Living LTD

Notes to the Unaudited Financial Statements for the Period from 5 May 2022 to 31 May 2023

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

Additions

2,916

2,916

At 31 May 2023

2,916

2,916

Depreciation

Charge for the period

437

437

At 31 May 2023

437

437

Carrying amount

At 31 May 2023

2,479

2,479

5

Debtors

Current

2023
£

Other debtors

192

 

192

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

8

702

Accruals and deferred income

 

960

Other creditors

 

4,240

 

5,902

7

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Ordinary of £1 each

100

100

   
 

Endless Living LTD

Notes to the Unaudited Financial Statements for the Period from 5 May 2022 to 31 May 2023

8

Loans and borrowings

Current loans and borrowings

2023
£

Bank overdrafts

702