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REGISTERED NUMBER: 08635396 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Live Electrics (SW) Limited

Live Electrics (SW) Limited (Registered number: 08635396)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Live Electrics (SW) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: S G Hatcliff





REGISTERED OFFICE: Moore
6th Floor
Whitefriars
Lewins Mead
Bristol
BS1 2NT





REGISTERED NUMBER: 08635396 (England and Wales)





ACCOUNTANTS: Moore
Chartered Accountants
6th Floor
Whitefriars
Lewins Mead
Bristol
BS1 2NT

Live Electrics (SW) Limited (Registered number: 08635396)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,943 47,247

CURRENT ASSETS
Debtors 5 31,826 58,471
Cash at bank 47,400 44,513
79,226 102,984
CREDITORS
Amounts falling due within one year 6 51,362 99,088
NET CURRENT ASSETS 27,864 3,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,807

51,143

CREDITORS
Amounts falling due after more than
one year

7

(12,007

)

(5,196

)

PROVISIONS FOR LIABILITIES (12,339 ) (9,013 )
NET ASSETS 68,461 36,934

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 9 68,451 36,924
SHAREHOLDERS' FUNDS 68,461 36,934

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Live Electrics (SW) Limited (Registered number: 08635396)

Balance Sheet - continued
31 August 2023


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 director and authorised for issue on 7 March 2024 and were signed by:





S G Hatcliff - Director


Live Electrics (SW) Limited (Registered number: 08635396)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Live Electrics (SW) 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Live Electrics (SW) Limited (Registered number: 08635396)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022 126,064 1,603 127,667
Additions 39,390 - 39,390
At 31 August 2023 165,454 1,603 167,057
DEPRECIATION
At 1 September 2022 79,255 1,165 80,420
Charge for year 21,549 145 21,694
At 31 August 2023 100,804 1,310 102,114
NET BOOK VALUE
At 31 August 2023 64,650 293 64,943
At 31 August 2022 46,809 438 47,247

Live Electrics (SW) Limited (Registered number: 08635396)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2022 36,865
Additions 39,390
At 31 August 2023 76,255
DEPRECIATION
At 1 September 2022 25,201
Charge for year 12,763
At 31 August 2023 37,964
NET BOOK VALUE
At 31 August 2023 38,291
At 31 August 2022 11,664

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 12,728 29,384
Other debtors 18,263 25,537
Directors' current accounts 835 830
Prepayments and accrued income - 2,720
31,826 58,471

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 5,761 6,487
Trade creditors 10,313 46,733
Tax 19,147 21,793
VAT 5,829 3,953
Other creditors 192 -
Directors' current accounts - 10,312
Accruals and deferred income 10,120 9,810
51,362 99,088

Live Electrics (SW) Limited (Registered number: 08635396)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 12,007 5,196

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
10 Ordinary 1 10 10

9. RESERVES
Retained
earnings
£   

At 1 September 2022 36,924
Profit for the year 94,527
Dividends (63,000 )
At 31 August 2023 68,451

10. RELATED PARTY DISCLOSURES

The company is controlled by the directors.

Included in debtors is an amount of £836 (2022:£830) which is owed to the company by Mr S Hatcliff, a director of the company. This amount is interest free and was repaid within 9 months of the year end.

Included in other debtors is an amount of £2,250, owed to P Moyne, a director of the company during the year but has since resigned before the date of this report.