VELVET LIVING LIMITED

Company Registration Number:
06639645 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2025

Period of accounts

Start date: 01 August 2024

End date: 31 July 2025

VELVET LIVING LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2025

Balance sheet
Notes

VELVET LIVING LIMITED

Balance sheet

As at 31 July 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 945,733 958,002
Total fixed assets: 945,733 958,002
Current assets
Stocks: 150,000 150,000
Debtors:   477,689 486,763
Cash at bank and in hand: 4,914,511 4,059,552
Total current assets: 5,542,200 4,696,315
Creditors: amounts falling due within one year:   (1,040,281) (822,239)
Net current assets (liabilities): 4,501,919 3,874,076
Total assets less current liabilities: 5,447,652 4,832,078
Total net assets (liabilities): 5,447,652 4,832,078
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 5,447,650 4,832,076
Shareholders funds: 5,447,652 4,832,078

The notes form part of these financial statements

VELVET LIVING LIMITED

Balance sheet statements

For the year ending 31 July 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 April 2026
and signed on behalf of the board by:

Name: M van Rhede
Status: Director

The notes form part of these financial statements

VELVET LIVING LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets and depreciation policy

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Fixtures fittings and equipment - 25% reducing balance Motor vehicles - 25% reducing balance

Valuation and information policy

Stock is valued at the lower of cost and net realisable value

Other accounting policies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

VELVET LIVING LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2025

2. Employees

2025 2024
Average number of employees during the period 13 13

VELVET LIVING LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2025

3. Tangible Assets

Total
Cost £
At 01 August 2024 1,155,035
Additions 17,145
At 31 July 2025 1,172,180
Depreciation
At 01 August 2024 197,033
Charge for year 29,414
At 31 July 2025 226,447
Net book value
At 31 July 2025 945,733
At 31 July 2024 958,002