2023-03-012024-02-292024-02-29false09995000Forever Unique Lifestyle 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Forever Unique Lifestyle Limited

Registered Number
09995000
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

Forever Unique Lifestyle Limited
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

Malhotra, Seema

Company Secretary

Malhotra, Seema

Registered Address

98 Cheetham Hill Road
Manchester
M4 4EX

Registered Number

09995000 (England and Wales)
Forever Unique Lifestyle Limited
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors3124,33386,499
Cash at bank and on hand37,99718,619
162,330105,118
Creditors amounts falling due within one year4(139,594)(72,296)
Net current assets (liabilities)22,73632,822
Total assets less current liabilities22,73632,822
Creditors amounts falling due after one year5(17,442)(27,275)
Net assets5,2945,547
Capital and reserves
Called up share capital11
Profit and loss account5,2935,546
Shareholders' funds5,2945,547
The financial statements were approved and authorised for issue by the Director on 18 July 2024, and are signed on its behalf by:
Malhotra, Seema
Director
Registered Company No. 09995000
Forever Unique Lifestyle Limited
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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.
2.Average number of employees

20242023
Average number of employees during the year00
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables15,40011,050
Other debtors108,93375,449
Total124,33386,499
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables89,8987,640
Bank borrowings and overdrafts10,00010,000
Taxation and social security1,0083,967
Other creditors38,68850,689
Total139,59472,296
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts17,44227,275
Total17,44227,275