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REGISTERED NUMBER: 03719030 (England and Wales)














Financial Statements

for the Year Ended 28 February 2025

for

Liver Beds Warehouse Limited

Liver Beds Warehouse Limited (Registered number: 03719030)

Contents of the Financial Statements
for the Year Ended 28 February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Liver Beds Warehouse Limited

Company Information
for the Year Ended 28 February 2025







DIRECTOR: D C Berwick



REGISTERED OFFICE: Oriel House
2 - 8 Oriel Road
Bootle
Merseyside
L20 7EP



REGISTERED NUMBER: 03719030 (England and Wales)



ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2/8 Oriel Road
Bootle
Merseyside
L20 7EP



BANKERS: HSBC Bank plc
1 Chapel Avenue
Aintree
Liverpool
Merseyside
L9 2BZ

Liver Beds Warehouse Limited (Registered number: 03719030)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,952 3,571

CURRENT ASSETS
Stocks 16,250 17,750
Debtors 5 7,537 8,347
Cash at bank and in hand 18,741 13,630
42,528 39,727
CREDITORS
Amounts falling due within one year 6 70,624 77,540
NET CURRENT LIABILITIES (28,096 ) (37,813 )
TOTAL ASSETS LESS CURRENT LIABILITIES (25,144 ) (34,242 )

CREDITORS
Amounts falling due after more than one year 7 (1,325 ) (6,974 )

PROVISIONS FOR LIABILITIES (737 ) (892 )
NET LIABILITIES (27,206 ) (42,108 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (27,208 ) (42,110 )
SHAREHOLDERS' FUNDS (27,206 ) (42,108 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

Liver Beds Warehouse Limited (Registered number: 03719030)

Balance Sheet - continued
28 February 2025


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 29 April 2025 and were signed by:





D C Berwick - Director


Liver Beds Warehouse Limited (Registered number: 03719030)

Notes to the Financial Statements
for the Year Ended 28 February 2025


1. STATUTORY INFORMATION

Liver Beds Warehouse 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.

The company relies upon the support of its suppliers to meet its day to day working capital requirements. No adjustments have been made to reflect the position if such support were to be withdrawn. This support is expected to continue for the foreseeable future.

Turnover
Turnover represents the value of goods sold during the period. Turnover is recognised at the point of sale.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:


Fixtures and fittings- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Computer Equipment- 25% on reducing balance

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.

Liver Beds Warehouse Limited (Registered number: 03719030)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


2. ACCOUNTING POLICIES - continued

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2024 20,822 18,000 2,002 40,824
Additions - - 299 299
At 28 February 2025 20,822 18,000 2,301 41,123
DEPRECIATION
At 1 March 2024 20,695 15,397 1,161 37,253
Charge for year 31 651 236 918
At 28 February 2025 20,726 16,048 1,397 38,171
NET BOOK VALUE
At 28 February 2025 96 1,952 904 2,952
At 29 February 2024 127 2,603 841 3,571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 720 1,427
Prepayments 6,817 6,920
7,537 8,347

Liver Beds Warehouse Limited (Registered number: 03719030)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans and overdrafts 23,331 28,908
Trade creditors 8,051 12,688
Tax 23,873 22,636
Social security and other taxes 154 90
VAT 8,466 5,525
Other creditors (1,458 ) (854 )
Directors' current accounts 120 423
Accrued expenses 8,087 8,124
70,624 77,540

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans - 1-2 years 1,325 5,649
Bank loans - 2-5 years - 1,325
1,325 6,974