All Seasons young Living LTD - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12976652 (England and Wales)

Financial Statements for the Year Ended 31 October 2023

for

ALL SEASONS YOUNG LIVING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms F H Ismail

S Moyo

M M Nyarambi

REGISTERED OFFICE:

14 Clifftown Road

Southend-On-Sea

SS1 1AB

REGISTERED NUMBER:

12976652 (England and Wales)

ACCOUNTANTS:

Samuelsons & Co

Chartered Certified Accountants

The Brentano Suite

Solar House

915 High Road

North Finchley

London

N12 8QJ

FIXED ASSETS

Tangible assets

4

30,433

12,554

CURRENT ASSETS

Debtors

5

17,800

11,800

Cash at bank

15,360

16,488

33,160

28,288

CREDITORS

Amounts falling due within one year

6

105,303

42,189

NET CURRENT LIABILITIES

(72,143

)

(13,901

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,710

)

(1,347

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

(41,712

)

(1,349

)

SHAREHOLDERS' FUNDS

(41,710

)

(1,347

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 June 2024 and were signed on its behalf by:

Ms F H Ismail - Director

M M Nyarambi - Director

S Moyo - Director

1.	STATUTORY INFORMATION

All Seasons young Living LTD 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

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 7 (2022 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2022

13,581

3,158

16,739

Additions

13,846

5,671

19,517

At 31 October 2023

27,427

8,829

36,256

DEPRECIATION

At 1 November 2022

3,395

790

4,185

Charge for year

849

789

1,638

At 31 October 2023

4,244

1,579

5,823

NET BOOK VALUE

At 31 October 2023

23,183

7,250

30,433

At 31 October 2022

10,186

2,368

12,554

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Rent- Deposit

17,800

11,800

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Tax

-

2

Other creditors

31,062

31,061

Directors' current accounts

69,441

7,526

Accrued expenses

4,800

3,600

105,303

42,189

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.23

31.10.22

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 November 2022

(1,349

)

Deficit for the year

(40,363

)

At 31 October 2023

(41,712

)