2021-12-01 08281880 2022-11-30 08281880 2021-12-01 2022-11-30 08281880 2021-11-30 08281880 2020-12-01 2021-11-30 08281880 uk-core:WithinOneYear 2021-11-30 08281880 uk-core:WithinOneYear 2022-11-30 08281880 uk-core:ShareCapital 2022-11-30 08281880 uk-core:ShareCapital 2021-11-30 08281880 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 08281880 uk-core:RetainedEarningsAccumulatedLosses 2021-11-30 08281880 uk-bus:Director1 2021-12-01 2022-11-30 08281880 uk-core:NetGoodwill 2021-12-01 2022-11-30 08281880 uk-core:PlantMachinery 2021-12-01 2022-11-30 08281880 uk-core:ToolsEquipment 2021-12-01 2022-11-30 08281880 uk-core:Goodwill 2021-11-30 08281880 uk-core:Goodwill 2022-11-30 08281880 uk-core:Goodwill 2021-12-01 2022-11-30 08281880 uk-core:ToolsEquipment 2021-11-30 08281880 uk-core:PlantMachinery 2021-11-30 08281880 uk-core:PlantMachinery 2022-11-30 08281880 uk-core:ToolsEquipment 2022-11-30 iso4217:GBP xbrli:pure 08281880 uk-bus:AuditExemptWithAccountantsReport 2021-12-01 2022-11-30 08281880 uk-bus:FRS102 2021-12-01 2022-11-30 08281880 uk-bus:FullAccounts 2021-12-01 2022-11-30 08281880 uk-bus:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30
Live & Learn Sports Limited
Registered Number:08281880
For the year ended 30 November 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2022
Live & Learn Sports Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08281880
As at 30 November 2022
Live & Learn Sports Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Intangible assets
6,000
7,200
2
Property, plant and equipment
22,811
23,597
3
28,811
30,797
Current assets
Trade and other receivables
25,773
20,354
4
124,882
Cash and cash equivalents
119,959
140,313
150,655
Trade and other payables: amounts falling due within one year
(97,682)
(82,215)
5
52,973
58,098
Net current assets
Total assets less current liabilities
86,909
83,770
(4,334)
(4,483)
Provisions for liabilities
82,575
Net assets
79,287
Capital and reserves
Called up share capital
31
31
Retained earnings
82,544
79,256
82,575
79,287
Shareholders' funds
For the year ended 30 November 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Graham Cooke Director
These financial statements were approved and authorised for issue by the Board on 15 November 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2022
Live & Learn Sports Limited
Notes to the Financial Statements
Statutory Information
Live & Learn Sports Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08281880.
Registered address:
18a Rother Court
Mangham Road
Parkgate
Rotherham
S62 6DR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 15 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
33% Reducing balance
Computer equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 30 November 2022
Live & Learn Sports Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 December 2021
18,000
At 30 November 2022
18,000
Amortisation
At 01 December 2021
10,800
1,200
Charge for year
At 30 November 2022
12,000
Net book value
At 30 November 2022
6,000
At 30 November 2021
7,200
3. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
£
£
£
Cost or valuation
At 01 December 2021
46,355
4,123
42,232
3,518
-
3,518
Additions
At 30 November 2022
45,750
4,123
49,873
Provision for depreciation and impairment
At 01 December 2021
22,758
3,845
18,913
Charge for year
4,304
278
4,026
At 30 November 2022
27,062
4,123
22,939
At 30 November 2022
Net book value
22,811
-
22,811
At 30 November 2021
23,319
278
23,597
4. Trade and other receivables
2021
2022
£
£
Trade debtors
20,354
25,773
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6
For the year ended 30 November 2022
Live & Learn Sports Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
1,636
1,732
Taxation and social security
38,675
49,419
Other creditors
41,904
46,531
82,215
97,682
6. Average number of persons employed
During the year the average number of employees was 8 (2021 : 7)
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