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REGISTERED NUMBER: 07497637 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LIVIN CONSTRUCTION LTD

LIVIN CONSTRUCTION LTD (REGISTERED NUMBER: 07497637)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

LIVIN CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: R Stevens





REGISTERED OFFICE: 149 Ewell Road
Surbiton
Surrey
KT6 6AW





REGISTERED NUMBER: 07497637 (England and Wales)





ACCOUNTANTS: MDH
Chartered Certified Accountants
21 Stafford Road
Croydon
Surrey
CR0 4NG

LIVIN CONSTRUCTION LTD (REGISTERED NUMBER: 07497637)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 34,683 61,111
34,683 61,111

CURRENT ASSETS
Stocks 6 260,000 240,000
Debtors 7 588,048 561,869
Cash at bank 189,532 5,362
1,037,580 807,231
CREDITORS
Amounts falling due within one year 8 888,371 1,197,675
NET CURRENT ASSETS/(LIABILITIES) 149,209 (390,444 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,892

(329,333

)

CREDITORS
Amounts falling due after more than one
year

9

(632,726

)

(626,771

)

PROVISIONS FOR LIABILITIES 10 - (11,611 )
NET LIABILITIES (448,834 ) (967,715 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (448,934 ) (967,815 )
SHAREHOLDERS' FUNDS (448,834 ) (967,715 )

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

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

LIVIN CONSTRUCTION LTD (REGISTERED NUMBER: 07497637)

BALANCE SHEET - continued
31 JANUARY 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 director and authorised for issue on 21 October 2024 and were signed by:





R Stevens - Director


LIVIN CONSTRUCTION LTD (REGISTERED NUMBER: 07497637)

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

1. STATUTORY INFORMATION

Livin Construction Ltd 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.

Going Concern
The financial reports have been created as a going concern based upon the continued support of the Director to cover any ongoing liabilities.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


LIVIN CONSTRUCTION LTD (REGISTERED NUMBER: 07497637)

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

2. 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 358
AMORTISATION
At 1 February 2023
and 31 January 2024 358
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

LIVIN CONSTRUCTION LTD (REGISTERED NUMBER: 07497637)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 349,647
Additions 4,404
At 31 January 2024 354,051
DEPRECIATION
At 1 February 2023 288,536
Charge for year 30,832
At 31 January 2024 319,368
NET BOOK VALUE
At 31 January 2024 34,683
At 31 January 2023 61,111

6. STOCKS
31/1/24 31/1/23
£    £   
Stocks 25,000 20,000
Work-in-progress 235,000 220,000
260,000 240,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 412,197 417,317
Other debtors 175,851 144,552
588,048 561,869

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 55,297 44,701
Hire purchase contracts 150 14,398
Trade creditors 774,918 974,384
Taxation and social security 38,006 144,192
Other creditors 20,000 20,000
888,371 1,197,675

LIVIN CONSTRUCTION LTD (REGISTERED NUMBER: 07497637)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans 68,177 3,125
Other creditors 564,549 623,646
632,726 626,771

10. PROVISIONS FOR LIABILITIES
31/1/24 31/1/23
£    £   
Deferred tax - 11,611

Deferred
tax
£   
Balance at 1 February 2023 11,611
Credit to Income Statement during year (11,611 )
Balance at 31 January 2024 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
1 Ordinary 1 100 100

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31/1/24 31/1/23
£    £   
R Stevens
Balance outstanding at start of year (623,646 ) (556,524 )
Amounts advanced 1,314,532 515,514
Amounts repaid (1,255,435 ) (582,636 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (564,549 ) (623,646 )

Interest has been charged to the company on this loan balance at an agreed rate of 8%.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Stevens.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LIVIN CONSTRUCTION LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Livin Construction Ltd for the year ended 31 January 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Livin Construction Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Livin Construction Ltd and state those matters that we have agreed to state to the director of Livin Construction Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Livin Construction Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Livin Construction Ltd. You consider that Livin Construction Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Livin Construction Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MDH
Chartered Certified Accountants
21 Stafford Road
Croydon
Surrey
CR0 4NG


21 October 2024