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Registered number: 12266498
Live Investments U.K Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2022
Valentis (UK) Ltd
ACCA
6-8 Great Eastern Street
London
EC2A 3NT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12266498
2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,050 20,234
17,050 20,234
CURRENT ASSETS
Stocks 5 3,500 3,006
Debtors 6 259,752 964
Cash at bank and in hand 28,749 62,652
292,001 66,622
Creditors: Amounts Falling Due Within One Year 7 (213,705 ) (91,536 )
NET CURRENT ASSETS (LIABILITIES) 78,296 (24,914 )
TOTAL ASSETS LESS CURRENT LIABILITIES 95,346 (4,680 )
Creditors: Amounts Falling Due After More Than One Year 8 (298,787 ) (22,210 )
NET LIABILITIES (203,441 ) (26,890 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (203,541 ) (26,990 )
SHAREHOLDERS' FUNDS (203,441) (26,890)
Page 1
Page 2
For the year ending 31 October 2022 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 her 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
Ms Janice Ann Monty
Director
25/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Live Investments U.K Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12266498 . The registered office is Third Floor, 6-8 Great Eastern Street, London, EC2A 3NT.
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. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. 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:
Fixtures & Fittings 20% - Straight Line
Computer Equipment 20% - Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2021: 27)
20 27
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2021 24,666 626 25,292
Additions 2,343 - 2,343
As at 31 October 2022 27,009 626 27,635
Depreciation
As at 1 November 2021 4,933 125 5,058
Provided during the period 5,402 125 5,527
As at 31 October 2022 10,335 250 10,585
...CONTINUED
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Page 4
Net Book Value
As at 31 October 2022 16,674 376 17,050
As at 1 November 2021 19,733 501 20,234
5. Stocks
2022 2021
£ £
Finished goods 3,500 3,006
6. Debtors
2022 2021
£ £
Due within one year
Prepayments and accrued income 974 964
Other debtors 258,778 -
259,752 964
7. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Trade creditors 292 1,961
Other taxes and social security 100,798 28,210
VAT 112,335 32,284
Net wages - 28,481
Accruals and deferred income 280 600
213,705 91,536
8. Creditors: Amounts Falling Due After More Than One Year
2022 2021
£ £
Other creditors 298,787 22,210
9. Share Capital
2022 2021
£ £
Allotted, Called up and fully paid 100 100
Page 4