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REGISTERED NUMBER: 13052465 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

LIVING SOLES LIMITED

LIVING SOLES LIMITED (REGISTERED NUMBER: 13052465)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIVING SOLES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: R Barnes





REGISTERED OFFICE: 46 Main Street
Mexborough
South Yorkshire
S64 9DU





REGISTERED NUMBER: 13052465 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

LIVING SOLES LIMITED (REGISTERED NUMBER: 13052465)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,250 -
Tangible assets 5 5,891 810
7,141 810

CURRENT ASSETS
Debtors 6 66,978 32,795
Cash at bank 7,064 -
74,042 32,795
CREDITORS
Amounts falling due within one year 7 53,693 257,708
NET CURRENT ASSETS/(LIABILITIES) 20,349 (224,913 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,490

(224,103

)

CREDITORS
Amounts falling due after more than one
year

8

118,017

19,167
NET LIABILITIES (90,527 ) (243,270 )

CAPITAL AND RESERVES
Called up share capital 100 1
Share premium 149,960 -
Retained earnings (240,587 ) (243,271 )
(90,527 ) (243,270 )

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th August 2024 and were signed by:



R Barnes - Director


LIVING SOLES LIMITED (REGISTERED NUMBER: 13052465)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Living Soles 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.

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 nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year was 2 (2022 - 2 ) .

LIVING SOLES LIMITED (REGISTERED NUMBER: 13052465)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 1,250
At 31st December 2023 1,250
NET BOOK VALUE
At 31st December 2023 1,250

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st January 2023 - 1,598 1,598
Additions 195 7,750 7,945
At 31st December 2023 195 9,348 9,543
DEPRECIATION
At 1st January 2023 - 788 788
Charge for year 39 2,825 2,864
At 31st December 2023 39 3,613 3,652
NET BOOK VALUE
At 31st December 2023 156 5,735 5,891
At 31st December 2022 - 810 810

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 66,978 32,795

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,000 5,327
Trade creditors 6,526 13,347
Taxation and social security 13,829 7,780
Other creditors 28,338 231,254
53,693 257,708

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,167 19,167
Other creditors 103,850 -
118,017 19,167

LIVING SOLES LIMITED (REGISTERED NUMBER: 13052465)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 19,167 24,167

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.12.23 31.12.22
£    £   
R Barnes
Balance outstanding at start of year 21,207 (25,815 )
Amounts advanced 57,899 59,240
Amounts repaid (13,846 ) (12,218 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,260 21,207

11. RELATED PARTY DISCLOSURES

R Barnes is interested as a shareholder and director in My Daddy Limited. At 31 December 2023 an amount of £800;(2022:£550) was due from My Daddy Limited and is included in other debtors.