Company Registration No. 13061340 (England and Wales)
LiveFlow Ltd.
Unaudited accounts
for the year ended 31 December 2023
LiveFlow Ltd.
Unaudited accounts
Contents
LiveFlow Ltd.
Company Information
for the year ended 31 December 2023
Company Number
13061340 (England and Wales)
Registered Office
86-90 Paul Street
London
EC2A 4NE
England
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
LiveFlow Ltd.
Statement of financial position
as at 31 December 2023
Tangible assets
4,679
13,787
Cash at bank and in hand
580,180
1,187,252
Creditors: amounts falling due within one year
(2,147,715)
(1,912,538)
Net current liabilities
(1,553,526)
(709,670)
Total assets less current liabilities
(1,548,847)
(695,883)
Creditors: amounts falling due after more than one year
(250,000)
(250,000)
Net liabilities
(1,798,847)
(945,883)
Profit and loss account
(1,798,847)
(945,883)
Shareholders' funds
(1,798,847)
(945,883)
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 7 August 2024 and were signed on its behalf by
Lasse Kalkar
Director
Company Registration No. 13061340
LiveFlow Ltd.
Notes to the Accounts
for the year ended 31 December 2023
LiveFlow Ltd. is a private company, limited by shares, registered in England and Wales, registration number 13061340. The registered office is 86-90 Paul Street, London, EC2A 4NE, England.
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.
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
5 years
Computer equipment
3 years
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The company is a going concern.
LiveFlow Ltd.
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
6,780
13,780
20,560
Disposals
-
(10,834)
(10,834)
At 31 December 2023
6,780
2,946
9,726
At 1 January 2023
744
6,029
6,773
Charge for the year
1,357
2,946
4,303
On disposals
-
(6,029)
(6,029)
At 31 December 2023
2,101
2,946
5,047
At 31 December 2023
4,679
-
4,679
At 31 December 2022
6,036
7,751
13,787
Amounts falling due within one year
Other debtors
13,970
13,970
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
2,112,170
1,898,081
Taxes and social security
23,978
12,473
Loans from directors
870
870
7
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
250,000
250,000
Allotted, called up and fully paid:
1 Ordinary shares of £0.01 each
0.01
0.01
LiveFlow Ltd.
Notes to the Accounts
for the year ended 31 December 2023
9
Transactions with related parties
The £2,112,171 is owed to LiveFlow Inc, the parent company (2022: £1,898,081).
LiveFlow Ltd is 100% owned and controlled by LiveFlow Inc,
11
Average number of employees
During the year the average number of employees was 3 (2022: 3).