Company Registration No. 07458876 (England and Wales)
Livewire Recruitment Limited
Unaudited accounts
for the year ended 30 September 2023
Livewire Recruitment Limited
Unaudited accounts
Contents
Livewire Recruitment Limited
Company Information
for the year ended 30 September 2023
Directors
Eleanor-Jo Cuckney
Matthew McEntegart
Company Number
07458876 (England and Wales)
Registered Office
Cherry Blossom
Two Dells Lane, Ashley Green
CHESHAM
Bucks
HP5 3RB
Accountants
Milltree Accounting Limited
Mills Farmhouse
Oakley Green Road
WINDSOR
Berkshire
SL4 4QF
Livewire Recruitment Limited
Statement of financial position
as at 30 September 2023
Tangible assets
5,016
8,255
Cash at bank and in hand
-
5,918
Creditors: amounts falling due within one year
(206,555)
(173,875)
Net current assets
37,112
39,495
Total assets less current liabilities
42,128
47,750
Creditors: amounts falling due after more than one year
(34,164)
(39,164)
Provisions for liabilities
Deferred tax
(1,254)
(2,063)
Called up share capital
1,000
1,000
Profit and loss account
5,710
5,523
Shareholders' funds
6,710
6,523
For the year ending 30 September 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2024 and were signed on its behalf by
Eleanor-Jo Cuckney
Director
Company Registration No. 07458876
Livewire Recruitment Limited
Notes to the Accounts
for the year ended 30 September 2023
Livewire Recruitment Limited is a private company, limited by shares, registered in England and Wales, registration number 07458876. The registered office is Cherry Blossom, Two Dells Lane, Ashley Green, CHESHAM, Bucks, HP5 3RB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Livewire Recruitment Limited
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2022
18,153
2,104
20,257
At 30 September 2023
18,153
2,104
20,257
At 1 October 2022
10,938
1,064
12,002
Charge for the year
2,711
528
3,239
At 30 September 2023
13,649
1,592
15,241
At 30 September 2023
4,504
512
5,016
At 30 September 2022
7,215
1,040
8,255
Amounts falling due within one year
Other debtors
231,143
207,428
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
13,279
-
Taxes and social security
98,234
95,409
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans represent a Bounce Back Loan for which the company has not given any security or guarantee.
Livewire Recruitment Limited
Notes to the Accounts
for the year ended 30 September 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
103,713
265,764
253,958
115,519
Loan to Director
103,715
116,973
105,170
115,518
207,428
382,737
359,128
231,037
During the year the directors entered into the above advances and credits with the company. Loans to directors are repayable on demand and charged interest at a rate of 2.25% per annum and included in Other Debtors.
9
Average number of employees
During the year the average number of employees was 2 (2022: 3).