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REGISTERED NUMBER: 01473176 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LEVINE BROTHERS (HOME FURNISHINGS)
LIMITED

LEVINE BROTHERS (HOME FURNISHINGS)
LIMITED (REGISTERED NUMBER: 01473176)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEVINE BROTHERS (HOME FURNISHINGS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: R Levine
M J Levine





SECRETARY: R M Goodwin





REGISTERED OFFICE: 583 Bearwood Road
Smethwick
Birmingham
West Midlands
B66 4BH





REGISTERED NUMBER: 01473176 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

LEVINE BROTHERS (HOME FURNISHINGS)
LIMITED (REGISTERED NUMBER: 01473176)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,455 57,199

CURRENT ASSETS
Stocks 879,043 874,163
Debtors 5 258,777 182,131
Cash at bank 525,402 571,356
1,663,222 1,627,650
CREDITORS
Amounts falling due within one year 6 1,043,588 1,099,689
NET CURRENT ASSETS 619,634 527,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,089

585,160

CREDITORS
Amounts falling due after more than
one year

7

(6,667

)

(16,667

)

PROVISIONS FOR LIABILITIES (11,512 ) (13,314 )
NET ASSETS 649,910 555,179

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 649,808 555,077
649,910 555,179

LEVINE BROTHERS (HOME FURNISHINGS)
LIMITED (REGISTERED NUMBER: 01473176)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:





M J Levine - Director


LEVINE BROTHERS (HOME FURNISHINGS)
LIMITED (REGISTERED NUMBER: 01473176)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Levine Brothers (Home Furnishings) 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sales of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably. It is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 25% on cost and 10% on cost
Plant and machinery etc - 20% on cost, 20% on cost and 10% on cost

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

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any subsequent impairment

Short term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 44 ) .

LEVINE BROTHERS (HOME FURNISHINGS)
LIMITED (REGISTERED NUMBER: 01473176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 25,305 107,759 133,064
Additions 3,250 3,791 7,041
At 30 September 2024 28,555 111,550 140,105
DEPRECIATION
At 1 October 2023 3,758 72,107 75,865
Charge for year 4,009 11,776 15,785
At 30 September 2024 7,767 83,883 91,650
NET BOOK VALUE
At 30 September 2024 20,788 27,667 48,455
At 30 September 2023 21,547 35,652 57,199

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 149,460 67,546
Other debtors 109,317 114,585
258,777 182,131

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 542,754 614,732
Taxation and social security 194,089 247,644
Other creditors 296,745 227,313
1,043,588 1,099,689

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 6,667 16,667

LEVINE BROTHERS (HOME FURNISHINGS)
LIMITED (REGISTERED NUMBER: 01473176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 169,071 169,843
Between one and five years 73,901 242,972
242,972 412,815