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REGISTERED NUMBER: 11007812 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

LIVE INNOVATIVE SOLUTIONS LTD

LIVE INNOVATIVE SOLUTIONS LTD (REGISTERED NUMBER: 11007812)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIVE INNOVATIVE SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: C J Hines
H Weekes





SECRETARY: H Weekes





REGISTERED OFFICE: Fenton House
Fenton Way
Basildon
Essex
SS15 6TD





REGISTERED NUMBER: 11007812 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

LIVE INNOVATIVE SOLUTIONS LTD (REGISTERED NUMBER: 11007812)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,478 7,468

CURRENT ASSETS
Stocks 533,863 905,527
Debtors 5 586,576 339,112
Cash at bank and in hand 1,435,046 1,357,242
2,555,485 2,601,881
CREDITORS
Amounts falling due within one year 6 1,594,079 1,745,634
NET CURRENT ASSETS 961,406 856,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,019,884

863,715

CREDITORS
Amounts falling due after more than one
year

7

(16,667

)

(28,333

)

PROVISIONS FOR LIABILITIES (14,620 ) (1,418 )
NET ASSETS 988,597 833,964

CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 9 149,936 149,936
Retained earnings 9 838,561 683,928
SHAREHOLDERS' FUNDS 988,597 833,964

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

LIVE INNOVATIVE SOLUTIONS LTD (REGISTERED NUMBER: 11007812)

BALANCE SHEET - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





C J Hines - Director


LIVE INNOVATIVE SOLUTIONS LTD (REGISTERED NUMBER: 11007812)

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

1. STATUTORY INFORMATION

Live Innovative Solutions Ltd 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.
Plant and machinery - 20% per annum on cost
Fixtures and fittings - 33% per annum on cost
Motor vehicles - 25% per annum on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 INNOVATIVE SOLUTIONS LTD (REGISTERED NUMBER: 11007812)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 46,081 17,372 12,700 76,153
Additions - 2,386 64,898 67,284
At 31 October 2023 46,081 19,758 77,598 143,437
DEPRECIATION
At 1 November 2022 42,908 15,723 10,054 68,685
Charge for year 2,465 1,699 12,110 16,274
At 31 October 2023 45,373 17,422 22,164 84,959
NET BOOK VALUE
At 31 October 2023 708 2,336 55,434 58,478
At 31 October 2022 3,173 1,649 2,646 7,468

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 427,819 236,821
Other debtors 131,325 97,481
Prepayments 27,432 4,810
586,576 339,112

LIVE INNOVATIVE SOLUTIONS LTD (REGISTERED NUMBER: 11007812)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 8,334
Trade creditors 717,718 1,195,726
Tax 77,402 43,429
Social security and other taxes 24,530 23,180
VAT 104,803 38,867
Other creditors 102,805 103,067
Credit Card 20,529 12,648
Accruals and deferred income 536,292 320,383
1,594,079 1,745,634

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 8,333
Bank loans - 2-5 years 6,667 20,000
16,667 28,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 November 2022 683,928 149,936 833,864
Profit for the year 404,633 404,633
Dividends (250,000 ) (250,000 )
At 31 October 2023 838,561 149,936 988,497

10. ULTIMATE CONTROLLING PARTY

The Ultimate controlling party is H Weekes by virtue of his shareholding in Indigo UK Holdings Limited, a company incorporated in England and Wales, which holds 51% of the share capital .