REGISTERED NUMBER: 13488043 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

LUMIVER BEAUTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms. A A Aden

REGISTERED OFFICE:

96-90 Paul Street, London,

England, EC2A4NE

REGISTERED NUMBER:

13488043 (England and Wales)

ACCOUNTANTS:

Factotum Group LLP

85 Great Portland Street

London

W1W 7LT

FIXED ASSETS

Intangible assets

4

958

1,354

CURRENT ASSETS

Stocks

20,215

21,123

Debtors

5

866

9,644

Cash at bank

563

2,285

21,644

33,052

CREDITORS

Amounts falling due within one year

6

110,092

92,780

NET CURRENT LIABILITIES

(88,448

)

(59,728

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(87,490

)

(58,374

)

CREDITORS

Amounts falling due after more than one year

7

40,000

40,000

NET LIABILITIES

(127,490

)

(98,374

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(127,590

)

(98,474

)

(127,490

)

(98,374

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th May 2025 and were signed by:

Ms. A A Aden - Director

1.	STATUTORY INFORMATION

Lumiver Beauty 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.

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 four years.

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.

Going concern

The company’s net assets are overdrawn, which takes into account a loan owed to the director in the sum of £101,802 (see note 9). The director has agreed not to demand repayment of the loan for a minimum of 12 months from the date of signing the balance sheet.

The loan is shown under other creditors. Therefore, the director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Restated year end 2023 comparative

During the financial year 2024, the company identified an understatement to closing stock relating to the prior financial year. As a result, stock has been adjusted by £11,169 in accordance with FRS 102.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

Cost

At 1st August 2023

and 31st July 2024

1,585

Amortisation

At 1st August 2023

231

Amortisation for year

396

At 31st July 2024

627

Net book value

At 31st July 2024

958

At 31st July 2023

1,354

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

as restated

£

£

Trade debtors

69

-

Other debtors

797

9,644

866

9,644

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

as restated

£

£

Trade creditors

2,490

15,155

Other creditors

107,602

77,625

110,092

92,780

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.24

31.7.23

as restated

£

£

Other creditors

40,000

40,000

8.	RELATED PARTY DISCLOSURES

As at the year-end date of 31 July 2024 the balance due to Amina Ali Aden who is a director of the company is £ 101,802 (2023: £75,107) which is repayable on demand. This balance appears in other creditors