Acorah Software Products - Accounts Production 14.6.300 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08275249 Mr James Henton Mrs Lucy Henton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08275249 2022-10-31 08275249 2023-10-31 08275249 2022-11-01 2023-10-31 08275249 frs-core:CurrentFinancialInstruments 2023-10-31 08275249 frs-core:Non-currentFinancialInstruments 2023-10-31 08275249 frs-core:ComputerEquipment 2023-10-31 08275249 frs-core:ComputerEquipment 2022-11-01 2023-10-31 08275249 frs-core:ComputerEquipment 2022-10-31 08275249 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-01 2023-10-31 08275249 frs-core:OtherResidualIntangibleAssets 2023-10-31 08275249 frs-core:OtherResidualIntangibleAssets 2022-11-01 2023-10-31 08275249 frs-core:OtherResidualIntangibleAssets 2022-10-31 08275249 frs-core:PlantMachinery 2023-10-31 08275249 frs-core:PlantMachinery 2022-11-01 2023-10-31 08275249 frs-core:PlantMachinery 2022-10-31 08275249 frs-core:ShareCapital 2023-10-31 08275249 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08275249 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08275249 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08275249 frs-bus:SmallEntities 2022-11-01 2023-10-31 08275249 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08275249 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08275249 frs-bus:Director1 2022-11-01 2023-10-31 08275249 frs-bus:Director2 2022-11-01 2023-10-31 08275249 frs-countries:EnglandWales 2022-11-01 2023-10-31 08275249 2021-10-31 08275249 2022-10-31 08275249 2021-11-01 2022-10-31 08275249 frs-core:CurrentFinancialInstruments 2022-10-31 08275249 frs-core:Non-currentFinancialInstruments 2022-10-31 08275249 frs-core:ShareCapital 2022-10-31 08275249 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 08275249
Live Music Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08275249
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 102 136
Tangible Assets 5 27,555 36,364
27,657 36,500
CURRENT ASSETS
Debtors 6 24,615 32,961
Cash at bank and in hand 17,820 15,816
42,435 48,777
Creditors: Amounts Falling Due Within One Year 7 (55,941 ) (51,831 )
NET CURRENT ASSETS (LIABILITIES) (13,506 ) (3,054 )
TOTAL ASSETS LESS CURRENT LIABILITIES 14,151 33,446
Creditors: Amounts Falling Due After More Than One Year 8 (38,684 ) (43,201 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,924 ) (5,598 )
NET LIABILITIES (28,457 ) (15,353 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (28,458 ) (15,354 )
SHAREHOLDERS' FUNDS (28,457) (15,353)
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For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Henton
Director
29/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Live Music Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08275249 . The registered office is Upton Lodge Buildings, Astrop Road, Middleton Cheney, Oxfordshire, OX17 2PJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has adopted the going concern basis in preparing these financial statements after assessing the principal risks and having considered the impact of a severe but plausible downward futre scenrio planning due to Covid 19 post period end.

Therefore the expectation is for the company and its business to operate during the Covid 19 pandemic. The company has been supported by Government Grants during the pandemic.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are trade marks. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery over 5 and 10 years
Computer Equipment over 3 years
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 November 2022 170
As at 31 October 2023 170
Amortisation
As at 1 November 2022 34
Provided during the period 34
As at 31 October 2023 68
Net Book Value
As at 31 October 2023 102
As at 1 November 2022 136
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 91,319 16,845 108,164
Additions 3,000 4,063 7,063
Disposals (883 ) - (883 )
As at 31 October 2023 93,436 20,908 114,344
Depreciation
As at 1 November 2022 58,330 13,470 71,800
Provided during the period 11,294 4,368 15,662
Disposals (673 ) - (673 )
As at 31 October 2023 68,951 17,838 86,789
Net Book Value
As at 31 October 2023 24,485 3,070 27,555
As at 1 November 2022 32,989 3,375 36,364
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 22,946 31,914
Prepayments and accrued income 1,669 1,047
24,615 32,961
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 18,945 16,481
Bank loans and overdrafts 4,042 -
Total taxes and social security 20,164 21,796
Accruals and deferred income - 12,399
Directors' loan accounts 12,790 1,155
55,941 51,831
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 38,684 43,201
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
The company owed £12,790 (2022: £1,155) to a director. No interest has been charged to the company in respect of this loan, which is repayable on demand and classified in creditors due within one year. 
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