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Registered Number: 06581034
England and Wales

 

 

 

LIVING IMPOSSIBLY LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Director Bahaar Gaffar
Registered Number 06581034
Registered Office 30 Starling Close
Buckhurst Hill
IG9 5TN
Accountants ASK ACCOUNTANTS UK LTD
178
Merton High Street
London
SW19 1AY
1
  2024   2023
    £ £   £ £
Fixed assets   4,232      4,832 
Current assets 250,414      140,255   
Creditors: amount falling due within one year (78,485)     (25,515)  
Net current assets   171,929      114,740 
Total assets less current liabilities   176,161      119,572 
Creditors: amount falling due after more than one year   (30,000)     (30,000)
Net assets   146,161      89,572 
 

         
Capital and reserves   146,161      89,572 
 
NOTES TO THE ACCOUNTS

General Information
Living Impossibly Ltd is a private company, limited by shares, registered in England and Wales, registration number 06581034, registration address 30 Starling Close, Buckhurst Hill, IG9 5TN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 April 2023 4,204    6,961    11,165 
Additions    
Disposals    
At 31 March 2024 4,204    6,961    11,165 
Depreciation
At 01 April 2023 4,023    2,310    6,333 
Charge for year 121    479    600 
On disposals    
At 31 March 2024 4,144    2,789    6,933 
Net book values
Closing balance as at 31 March 2024 60    4,172    4,232 
Opening balance as at 01 April 2023 181    4,651    4,832 


3.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 17 December 2024 and were signed by:


--------------------------------
Bahaar Gaffar
Director
2