Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2023-05-01No description of principal activityfalse33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05426174 2023-05-01 2024-04-30 05426174 2022-05-01 2023-04-30 05426174 2024-04-30 05426174 2023-04-30 05426174 c:CompanySecretary1 2023-05-01 2024-04-30 05426174 c:Director1 2023-05-01 2024-04-30 05426174 c:Director2 2023-05-01 2024-04-30 05426174 c:RegisteredOffice 2023-05-01 2024-04-30 05426174 d:PlantMachinery 2023-05-01 2024-04-30 05426174 d:PlantMachinery 2024-04-30 05426174 d:PlantMachinery 2023-04-30 05426174 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05426174 d:MotorVehicles 2023-05-01 2024-04-30 05426174 d:MotorVehicles 2024-04-30 05426174 d:MotorVehicles 2023-04-30 05426174 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05426174 d:ComputerEquipment 2023-05-01 2024-04-30 05426174 d:ComputerEquipment 2024-04-30 05426174 d:ComputerEquipment 2023-04-30 05426174 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05426174 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05426174 d:CurrentFinancialInstruments 2024-04-30 05426174 d:CurrentFinancialInstruments 2023-04-30 05426174 d:Non-currentFinancialInstruments 2024-04-30 05426174 d:Non-currentFinancialInstruments 2023-04-30 05426174 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 05426174 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 05426174 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 05426174 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 05426174 d:ShareCapital 2024-04-30 05426174 d:ShareCapital 2023-04-30 05426174 d:RetainedEarningsAccumulatedLosses 2024-04-30 05426174 d:RetainedEarningsAccumulatedLosses 2023-04-30 05426174 c:FRS102 2023-05-01 2024-04-30 05426174 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05426174 c:FullAccounts 2023-05-01 2024-04-30 05426174 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Company registration number: 05426174







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


LIVEWIRE TELECOMS LIMITED






































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LIVEWIRE TELECOMS LIMITED
 


 
COMPANY INFORMATION


Directors
S. Ely 
J.H. Ely 




Company secretary
S. Ely



Registered number
05426174



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


LIVEWIRE TELECOMS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


LIVEWIRE TELECOMS LIMITED
REGISTERED NUMBER:05426174



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
26,180
35,191

  
26,180
35,191

Current assets
  

Debtors: amounts falling due within one year
 5 
15,437
4,648

Cash at bank and in hand
  
50,360
47,010

  
65,797
51,658

Creditors: amounts falling due within one year
 6 
(41,330)
(37,245)

Net current assets
  
 
 
24,467
 
 
14,413

Total assets less current liabilities
  
50,647
49,604

Creditors: amounts falling due after more than one year
 7 
(2,766)
(12,400)

Provisions for liabilities
  

Deferred tax
  
(5,191)
-

  
 
 
(5,191)
 
 
-

Net assets
  
42,690
37,204


Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
42,590
37,104

  
42,690
37,204


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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.

Page 1

 


LIVEWIRE TELECOMS LIMITED
REGISTERED NUMBER:05426174


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



S. Ely
Director

Date: 30 July 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


LIVEWIRE TELECOMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Livewire Telecoms Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is derived from the fitting of telecommunications equipment and cabling.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 


LIVEWIRE TELECOMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Computer equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


LIVEWIRE TELECOMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
33,376
48,363
9,707
91,446


Additions
-
-
582
582



At 30 April 2024

33,376
48,363
10,289
92,028



Depreciation


At 1 May 2023
32,911
14,442
8,902
56,255


Charge for the year on owned assets
116
8,480
997
9,593



At 30 April 2024

33,027
22,922
9,899
65,848



Net book value



At 30 April 2024
349
25,441
390
26,180



At 30 April 2023
465
33,921
805
35,191

Page 5

 


LIVEWIRE TELECOMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
11,058
-

Other debtors
2,765
2,765

Prepayments and accrued income
1,614
1,883

15,437
4,648



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
1,020

Corporation tax
15,835
7,803

Other taxation and social security
8,640
12,941

Obligations under hire purchase contracts
9,634
9,634

Other creditors
3,671
2,597

Accruals and deferred income
3,550
3,250

41,330
37,245


The amount shown as payable under hire purchase contracts is secured against the asset to which it relates. 


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under hire purchase contracts
2,766
12,400

2,766
12,400


The amount shown as payable under hire purchase contracts is secured against the asset to which it relates. 


8.


Pension commitments

At the balance sheet date the company had unpaid pension contributions amounting to £Nil (2023: £210).

Page 6

 


LIVEWIRE TELECOMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Directors' advances, credits and guarantees


2024
2023
£
£

Outstanding at the start of the year
(24)
(52)
Amounts advanced
48,000
70,000
Amounts repaid
(48,351)
(70,510)
Interest charged
345
538
Outstanding at the year end
(30)
(24)

Interest has been charged on the loan for S Ely in the year at a rate of 2% on balances owed to the Company.

 
Page 7