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Company No: 13828842 (England and Wales)

REFRESH LIVING NO.6 LTD

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

REFRESH LIVING NO.6 LTD

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

REFRESH LIVING NO.6 LTD

BALANCE SHEET

As at 30 November 2024
REFRESH LIVING NO.6 LTD

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Current assets
Stocks 3 566,019 0
Debtors 4 340,687 24,968
Cash at bank and in hand 101 103
906,807 25,071
Creditors: amounts falling due within one year 5 ( 528,597) ( 31,180)
Net current assets/(liabilities) 378,210 (6,109)
Total assets less current liabilities 378,210 (6,109)
Creditors: amounts falling due after more than one year 6 ( 422,594) 0
Net liabilities ( 44,384) ( 6,109)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 44,484 ) ( 6,209 )
Total shareholder's deficit ( 44,384) ( 6,109)

For the financial year ending 30 November 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 financial statements of Refresh Living No.6 Ltd (registered number: 13828842) were approved and authorised for issue by the Director on 29 August 2025. They were signed on its behalf by:

M Thomas
Director
REFRESH LIVING NO.6 LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
REFRESH LIVING NO.6 LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Refresh Living No.6 Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 40 Kingston House 1 Kingston Road, Taunton, TA2 7ED, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going-concern basis. The company has net liabilities of £44,384 at the year-end. There are amounts owed to connected and group companies of £322,551, and these companies are under the control of M Thomas (director). These companies will not seek repayment of the loans for at least 12 months to the extent that any such repayment would jeopardise the future of the company, and therefore the director considers that the going concern basis is appropriate.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Stocks

Stocks comprises work in progress and is stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Stocks

2024 2023
£ £
Work in progress 566,019 0

4. Debtors

2024 2023
£ £
Trade debtors 410 0
Amounts owed by Group undertakings 24,688 24,688
Amounts owed by connected companies 268,875 0
Other debtors 46,714 280
340,687 24,968

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 50,325 1,573
Amounts owed to Group undertakings 9,925 8,925
Amounts owed to connected companies 312,626 20,182
Other creditors 155,721 500
528,597 31,180

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 422,594 0

Loans and borrowings with a value of £422,594 are secured by way of fixed and floating charges over work in progress recognised as stock in the balance sheet.

7. Related party transactions

During the year, the company entered into a number of transactions with associated group companies. At the year-end, there are amounts owed by group companies of £24,688 (2023 - £24,688) and amounts owed to group companies of £9,925 (2023 - £8,925) in connection with these transactions.
During the year, the company entered into a number of transactions with other companies which are under the control of M P Thomas (director). At the year-end, there are amounts owed by connected companies of £268,875 (2023 - £Nil) and amounts owed to connected companies of £312,626 (2023 - £20,182) in connection with these transactions.