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REGISTERED NUMBER: 04145064 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LIVELINES UK LIMITED

LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIVELINES UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs JM Jones
Miss L Jones
Miss L S H Jones





SECRETARY: Miss L Jones





REGISTERED OFFICE: Victory House
400 Pavilion Drive
Northampton Business Park
Northampton
Northamptonshire
NN4 7PA





REGISTERED NUMBER: 04145064 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 229,125 8,290

CURRENT ASSETS
Debtors 6 337,884 228,090
Cash at bank 612,129 1,134,187
950,013 1,362,277
CREDITORS
Amounts falling due within one year 7 822,625 932,683
NET CURRENT ASSETS 127,388 429,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

356,513

437,884

PROVISIONS FOR LIABILITIES 8 25,028 3,522
NET ASSETS 331,485 434,362

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 331,385 434,262
SHAREHOLDERS' FUNDS 331,485 434,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064)

BALANCE SHEET - continued
31 JANUARY 2024


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 8 April 2024 and were signed on its behalf by:





Mrs JM Jones - Director


LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Livelines UK Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured,
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment, fixtures and fittings - 20% straight line basis
Motor vehicles - 25% on reducing balance

During the year the directors elected to change the depreciation method for Equipment, Fixtures and Fittings in order to fairly represent the company's consumption of the economic benefits from these assets.

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

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 all 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. 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.

LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Equipment,
Improvements fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 - - 61,181 15,376 76,557
Additions 129,015 75,457 3,762 17,442 225,676
At 31 January 2024 129,015 75,457 64,943 32,818 302,233
DEPRECIATION
At 1 February 2023 - - 55,209 13,058 68,267
Charge for year - - 2,807 2,034 4,841
At 31 January 2024 - - 58,016 15,092 73,108
NET BOOK VALUE
At 31 January 2024 129,015 75,457 6,927 17,726 229,125
At 31 January 2023 - - 5,972 2,318 8,290

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 329,031 222,404
Other debtors 8,853 5,686
337,884 228,090

LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 107,797 179,024
Corporation tax 109,115 218,004
Social security and other taxes 185,502 230,863
Other creditors 155,223 154,542
Loan from holding company 264,988 150,250
822,625 932,683

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 25,028 3,522

Deferred
tax
£   
Balance at 1 February 2023 3,522
Charge to Income Statement during year 21,506
Balance at 31 January 2024 25,028

The provision for deferred taxation is made up of accelerated capital allowances.

9. PENSION COMMITMENTS

The company operates one defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. At the balance sheet date there were £345 unpaid contributions (2023: £429).