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REGISTERED NUMBER: 02912917 (England and Wales)















ORIGINS LIVING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ORIGINS LIVING LIMITED (REGISTERED NUMBER: 02912917)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORIGINS LIVING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr F Charalambous
Ms S Charalambous
Mr A Theodorou





SECRETARY: Ms S Charalambous





REGISTERED OFFICE: Unit 21, Hainault Works
Hainault Road
Little Heath
Romford
Essex
RM6 5SS





REGISTERED NUMBER: 02912917 (England and Wales)





ACCOUNTANTS: T. PA Accountancy Services Limited
Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TP

ORIGINS LIVING LIMITED (REGISTERED NUMBER: 02912917)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,200 58,337

CURRENT ASSETS
Stocks 5 365,586 335,954
Debtors 6 292,184 218,846
Cash at bank and in hand 72,436 148,110
730,206 702,910
CREDITORS
Amounts falling due within one year 7 308,244 294,223
NET CURRENT ASSETS 421,962 408,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,162

467,024

CREDITORS
Amounts falling due after more than one year 8 36,410 53,782
NET ASSETS 437,752 413,242

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 437,652 413,142
SHAREHOLDERS' FUNDS 437,752 413,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ORIGINS LIVING LIMITED (REGISTERED NUMBER: 02912917)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 6 June 2024 and were signed on its behalf by:





Mr F Charalambous - Director


ORIGINS LIVING LIMITED (REGISTERED NUMBER: 02912917)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Origins Living 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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 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.

ORIGINS LIVING LIMITED (REGISTERED NUMBER: 02912917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 54,945 73,902 42,080 170,927
Additions - 2,470 3,997 6,467
At 31 March 2024 54,945 76,372 46,077 177,394
DEPRECIATION
At 1 April 2023 21,814 59,115 31,661 112,590
Charge for year 4,970 2,588 5,046 12,604
At 31 March 2024 26,784 61,703 36,707 125,194
NET BOOK VALUE
At 31 March 2024 28,161 14,669 9,370 52,200
At 31 March 2023 33,131 14,787 10,419 58,337

5. STOCKS
2024 2023
£    £   
Stocks 365,586 335,954

ORIGINS LIVING LIMITED (REGISTERED NUMBER: 02912917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 280,898 206,888
Prepayments and accrued income 11,286 11,958
292,184 218,846

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 50,000 -
Trade creditors 136,651 83,531
Corporation tax payable 36,084 52,158
Social security and other taxes 5,228 4,095
VAT 76,692 74,978
Accrued expenses 3,589 79,461
308,244 294,223

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bounce Back Loan 21,667 31,667
Hire purchase contracts 14,743 22,115
36,410 53,782

Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan 21,667 31,667

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 21,667 31,667

ORIGINS LIVING LIMITED (REGISTERED NUMBER: 02912917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 April 2023 413,142
Profit for the year 37,010
Dividends (12,500 )
At 31 March 2024 437,652

12. RELATED PARTY DISCLOSURES

There is no overall control of the company by any one person.