REGISTERED NUMBER: 04706329 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

LIVEDALE FOAM & SUNDRIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr I J Potts

Mrs S M Potts

Mr M J Potts

Mrs H C Potts

Secretary:

Mrs H C Potts

Registered office:

Unit D Wigan Enterprise Park, Seaman Way

Higher Ince

Wigan

Lancashire

WN2 2AG

Registered number:

04706329 (England and Wales)

Accountants:

Cowgills Limited

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

FIXED ASSETS

Intangible assets

4

116,000

-

Tangible assets

5

337,057

362,874

453,057

362,874

CURRENT ASSETS

Stocks

522,500

526,813

Debtors

6

1,083,732

1,038,881

Cash at bank and in hand

850,496

1,009,373

2,456,728

2,575,067

CREDITORS

Amounts falling due within one year

7

721,258

819,715

NET CURRENT ASSETS

1,735,470

1,755,352

TOTAL ASSETS LESS CURRENT LIABILITIES

2,188,527

2,118,226

CREDITORS

Amounts falling due after more than one year

8

(42,201

)

(95,165

)

PROVISIONS FOR LIABILITIES

10

(67,737

)

(71,150

)

ACCRUALS AND DEFERRED INCOME

(85,972

)

(88,360

)

NET ASSETS

1,992,617

1,863,551

CAPITAL AND RESERVES

Called up share capital

11

200

200

Retained earnings

1,992,417

1,863,351

SHAREHOLDERS' FUNDS

1,992,617

1,863,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 September 2025 and were signed on its behalf by:

Mrs H C Potts - Director

1.	STATUTORY INFORMATION

Livedale Foam & Sundries 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 five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on reducing balance

Tangible fixed assets are recognised at cost less depreciation.

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 40 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

Additions

120,000

At 30 April 2025

120,000

AMORTISATION

Amortisation for year

4,000

At 30 April 2025

4,000

NET BOOK VALUE

At 30 April 2025

116,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

460,592

24,779

387,604

70,006

942,981

Additions

41,325

-

48,754

5,462

95,541

At 30 April 2025

501,917

24,779

436,358

75,468

1,038,522

DEPRECIATION

At 1 May 2024

377,175

19,278

122,399

61,255

580,107

Charge for year

22,863

1,375

93,373

3,747

121,358

At 30 April 2025

400,038

20,653

215,772

65,002

701,465

NET BOOK VALUE

At 30 April 2025

101,879

4,126

220,586

10,466

337,057

At 30 April 2024

83,417

5,501

265,205

8,751

362,874

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

369,329

346,476

Amounts owed by group undertakings

656,169

656,169

Other debtors

58,234

36,236

1,083,732

1,038,881

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

9,998

10,000

Hire purchase contracts

49,226

57,661

Trade creditors

293,446

391,932

Taxation and social security

263,453

230,565

Other creditors

105,135

129,557

721,258

819,715

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

4,167

14,167

Hire purchase contracts

38,034

80,998

42,201

95,165

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Hire purchase contracts

87,260

138,659

The amounts included in the hire purchase figure of £87,260 (2024 - £138,659) are secured against the assets to which the agreement relates.

10.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

67,737

71,150

Deferred

tax

£

Balance at 1 May 2024

71,150

Provided during year

(3,413

)

Balance at 30 April 2025

67,737

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

160

Ordinary A

£1

160

160

40

Ordinary B

£1

40

40

200

200

12.	RELATED PARTY DISCLOSURES

Livedale Foam & Sundries Limited is a wholly owned subsidiary of Livedale Holdings Limited.