Company registration number: 07719615
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Easy Living Retail Ltd
Pages for filing with the Registrar
Easy Living Retail Ltd
Chartered Accountants' Report to the Director for the preparation of the unaudited
financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Easy Living Retail Ltd for the year ended 31 December 2025 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at https://www.icaew.com/regulation.
This report is made solely to the Director of Easy Living Retail Ltd, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Easy Living Retail Ltd and state those matters that we have agreed to state to them in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Easy Living Retail Ltd and its Director for our work, or for this report.
It is your duty to ensure that Easy Living Retail Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Easy Living Retail Ltd. You consider that Easy Living Retail Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Easy Living Retail Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Competitive Accountancy Services Ltd
Saturn Centre
Spring Road
Ettingshall
Wolverhampton
WV4 6JX
England
Date: 26 May 2026
1
Company registration number: 07719615
Easy Living Retail Ltd
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 14,375 17,530
14,375 17,530
Current assets
Stocks 81,055 -
Debtors 202,215 261,751
Cash at bank and in hand 64,737 79,493
348,007 341,244
Creditors: amounts falling due within one
year 		(139,911) (171,193)
Net current assets 208,096 170,051
Total assets less current liabilities 222,471 187,581
Creditors: Amounts falling due after more
than one year 		(74,192) (81,814)
NET ASSETS 148,279 105,767
Capital and reserves
Called up share capital 4 4
Other reserves 36,797 -
Profit and loss account 111,478 105,763
TOTAL EQUITY 148,279 105,767
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
2
Company registration number: 07719615
Easy Living Retail Ltd
Balance sheet - continued
as at 31 December 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr D Griffiths, Director
20 May 2026
3
Easy Living Retail Ltd
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Easy Living Retail Ltd is a private company registered in England and Wales. Its registered number is 07719615. The company is limited by shares. Its registered office is Unit 10 Wolseley Court, Staffordshire Technology Park, Stafford, ST18 0GA.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 18% 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.
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Easy Living Retail Ltd
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 21 (2024 - 21).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2025 32,620
At 31 December 2025 32,620
Depreciation
At 1 January 2025 15,090
Charge for year 3,155
At 31 December 2025 18,245
Net book value
At 31 December 2025 14,375
At 31 December 2024 17,530
5 Reserves
This represents a prior year adjustment
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