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REGISTERED NUMBER: 07211767 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

LIVETIME LEARNING LIMITED

LIVETIME LEARNING LIMITED (REGISTERED NUMBER: 07211767)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIVETIME LEARNING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: M J Turner
Mrs B C Mitchell-Turner





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 07211767 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

LIVETIME LEARNING LIMITED (REGISTERED NUMBER: 07211767)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,672 1,701

CURRENT ASSETS
Debtors 5 8,891 26,431
Cash at bank 456,736 428,062
465,627 454,493
CREDITORS
Amounts falling due within one year 6 126,755 88,742
NET CURRENT ASSETS 338,872 365,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,544

367,452

PROVISIONS FOR LIABILITIES 14,918 323
NET ASSETS 383,626 367,129

CAPITAL AND RESERVES
Called up share capital 25 25
Capital redemption reserve 75 75
Retained earnings 383,526 367,029
383,626 367,129

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 10 October 2023 and were signed on its behalf by:





M J Turner - Director


LIVETIME LEARNING LIMITED (REGISTERED NUMBER: 07211767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Livetime Learning 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 represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

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 cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystalline based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

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 6 (2022 - 6 ) .

LIVETIME LEARNING LIMITED (REGISTERED NUMBER: 07211767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 137 153 - 8,300 8,590
Additions - - 60,073 2,385 62,458
At 31 January 2023 137 153 60,073 10,685 71,048
DEPRECIATION
At 1 February 2022 34 76 - 6,779 6,889
Charge for year 34 38 2,696 1,719 4,487
At 31 January 2023 68 114 2,696 8,498 11,376
NET BOOK VALUE
At 31 January 2023 69 39 57,377 2,187 59,672
At 31 January 2022 103 77 - 1,521 1,701

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,508
Directors' loan accounts - 19,998
VAT 6,297 -
Accruals - 2,000
Prepayments 2,594 1,925
8,891 26,431

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,202 1,498
Tax 15,177 39,577
Social security and other taxes 1,877 495
VAT - 1,140
Other creditors 3,239 535
Pensions Payable - 227
Directors' loan accounts 18,260 -
Accruals and deferred income 80,000 40,000
Accrued expenses - 5,270
126,755 88,742

LIVETIME LEARNING LIMITED (REGISTERED NUMBER: 07211767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
M J Turner
Balance outstanding at start of year 19,998 (3,924 )
Amounts advanced - 74,500
Amounts repaid (38,258 ) (50,578 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,260 ) 19,998

This balance represented the maximum amount outstanding during the year, interest is being charged on the loan at a rate of 10% and is repayable on demand.

Also during the year, the company paid the director's rent amounting to £1,191 each (2022: £1,000) as a result of utilising office space within their home.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Turner.

This was by virtue of his 52% holding of the issued share capital.