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REGISTERED NUMBER: 08923327 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Live in Style Renovations Limited

Live in Style Renovations Limited (Registered number: 08923327)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Live in Style Renovations Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P. Holland
J.P. Holland





REGISTERED OFFICE: 62 Bedworth Road
Bulkington
West Midlands
CV12 9LL





REGISTERED NUMBER: 08923327 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Live in Style Renovations Limited (Registered number: 08923327)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 282 4,917
Investments 6 2 2
Investment property 7 360,144 350,720
360,428 355,639

CURRENT ASSETS
Inventories 8 556,150 304,407
Debtors 9 1,309 9,370
Cash at bank and in hand 9,265 201,670
566,724 515,447
CREDITORS
Amounts falling due within one
year

10

403,444

369,626
NET CURRENT ASSETS 163,280 145,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

523,708

501,460

CREDITORS
Amounts falling due after more
than one year

11

(207,550

)

(217,269

)

PROVISIONS FOR LIABILITIES (70 ) (1,229 )
NET ASSETS 316,088 282,962

CAPITAL AND RESERVES
Called up share capital 13 102 102
Retained earnings 315,986 282,860
SHAREHOLDERS' FUNDS 316,088 282,962

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

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

Live in Style Renovations Limited (Registered number: 08923327)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2024 and were signed on its behalf by:





J.P. Holland - Director


Live in Style Renovations Limited (Registered number: 08923327)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Live in Style Renovations 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that accounting standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Live in Style Renovations Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Revenue 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 - 20% on cost
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property, being rented to a group company, is recognised at cost.

Stocks
Inventories 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.


Live in Style Renovations Limited (Registered number: 08923327)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. 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 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.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

Accounting period
The prior accounting period was 275 days in length, and therefore as a result, is not directly comparable with this current financial period.

Leases
Rental income under operating leases are credited to profit and loss account in equal annual amounts over the periods of the leases.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 315 5,750 6,065
Additions 470 - 470
Disposals (315 ) (5,750 ) (6,065 )
At 31 December 2023 470 - 470
DEPRECIATION
At 1 January 2023 63 1,085 1,148
Charge for year 188 - 188
Eliminated on disposal (63 ) (1,085 ) (1,148 )
At 31 December 2023 188 - 188
NET BOOK VALUE
At 31 December 2023 282 - 282
At 31 December 2022 252 4,665 4,917

Live in Style Renovations Limited (Registered number: 08923327)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 2

7. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2023 350,720
Additions 9,424
At 31 December 2023 360,144
NET BOOK VALUE
At 31 December 2023 360,144
At 31 December 2022 350,720

8. INVENTORIES
31.12.23 31.12.22
£    £   
Stocks 556,150 304,407

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 8,750
Prepayments and accrued income 1,309 620
1,309 9,370

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,118 9,628
Trade creditors 16,018 422
Amounts owed to group undertakings 355,965 342,027
Tax 5,921 14,971
Directors' current accounts 12,182 -
Accruals and deferred income 3,240 2,578
403,444 369,626

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 207,550 217,269

Live in Style Renovations Limited (Registered number: 08923327)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 217,668 226,897

Barclays Security Trustee Limited hold a fixed and floating charge dated 7 February 2022 as security against the company's bank borrowings and a legal charge over 5-7 Lutterworth Road, Nuneaton, CV11 4LD dated 27 May 2022.

The bank loan is repayable by instalments and the amount falling due after five years totals £159,051.

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
102 Ordinary £1 102 102

14. CAPITAL COMMITMENTS
31.12.23 31.12.22
£    £   
Contracted but not provided for in the
financial statements - -

15. RELATED PARTY DISCLOSURES

In the year ended 31 December 2023, the company received interim dividends totalling £100,000 (period ended 31.12.22 - £250,000) from a group undertaking.

Loans from key management personnel are unsecured and interest free with no specific repayment terms and is presented within creditors due within one year.