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Registered Number: 09476787
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2023

for

LIVE CAPTIONING UK LTD

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 4,793    6,991 
4,793    6,991 
Current assets      
Debtors 4 12,403    17,811 
Cash at bank and in hand 27,186    22,778 
39,589    40,589 
Creditors: amount falling due within one year 5 (14,955)   (19,088)
Net current assets 24,634    21,501 
 
Total assets less current liabilities 29,427    28,492 
Provisions for liabilities 6 (910)   (1,328)
Net assets 28,517    27,164 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 28,516    27,163 
Shareholder's funds 28,517    27,164 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 14 November 2023 and were signed by:


-------------------------------
Sheryll Holley
Director
1
General Information
Live Captioning UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 09476787, registration address 7 Lon Yr Awel, Pontyclun, Rhondda Cynon Taff, CF72 9AX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard).
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the companys activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
  • The amount of revenue can be reliably measured;
  • it is probable that future economic benefits will flow to the entity;
  • and specific criteria have been met for each of the company's activities.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Dividend distribution to the companys shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
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:
Furniture, fittings and equipment 20% straight line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 April 2022 26,585    26,585 
Additions 741    741 
Disposals  
At 31 March 2023 27,326    27,326 
Depreciation
At 01 April 2022 19,594    19,594 
Charge for year 2,939    2,939 
On disposals  
At 31 March 2023 22,533    22,533 
Net book values
Closing balance as at 31 March 2023 4,793    4,793 
Opening balance as at 01 April 2022 6,991    6,991 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 12,172    17,416 
Other Debtors 231    395 
12,403    17,811 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Taxation and Social Security 14,363    17,662 
Other Creditors 592    1,426 
14,955    19,088 

6.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 1,328    1,094 
Charged to Profit & Loss (418)   234 
910    1,328 

2