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REGISTERED NUMBER: 10533537 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Live Fit Outs Ltd

Live Fit Outs Ltd (Registered number: 10533537)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Live Fit Outs Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J A Collins
T Deller
Mrs R Collins
Mrs T A Deller





REGISTERED OFFICE: 27 Deneb Drive
Oakhurst
Swindon
Wiltshire
SN25 2LB





REGISTERED NUMBER: 10533537 (England and Wales)





ACCOUNTANTS: S J Haydon
The Conifers Stone Lane
Lydiard Millicent
Swindon
SN5 3LD

Live Fit Outs Ltd (Registered number: 10533537)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 16,057

CURRENT ASSETS
Debtors 5 4,272 66,775
Cash at bank 116,104 32,374
120,376 99,149
CREDITORS
Amounts falling due within one year 6 88,307 104,057
NET CURRENT ASSETS/(LIABILITIES) 32,069 (4,908 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,069

11,149

CREDITORS
Amounts falling due after more than one year 7 - (7,424 )

PROVISIONS FOR LIABILITIES - (3,051 )
NET ASSETS 32,069 674

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 32,063 668
32,069 674

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

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

Live Fit Outs Ltd (Registered number: 10533537)

Balance Sheet - continued
31 March 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 26 July 2024 and were signed on its behalf by:




J A Collins - Director



T Deller - Director


Live Fit Outs Ltd (Registered number: 10533537)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Live Fit Outs Ltd 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Live Fit Outs Ltd (Registered number: 10533537)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 76,771
DEPRECIATION
At 1 April 2023 60,714
Charge for year 16,057
At 31 March 2024 76,771
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 16,057

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,882 53,001
Other debtors 1,390 13,774
4,272 66,775

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,607 9,822
Taxation and social security 39,023 25,911
Other creditors 44,677 68,324
88,307 104,057

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 7,424

Live Fit Outs Ltd (Registered number: 10533537)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J A Collins
Balance outstanding at start of year 25,940 (11,994 )
Amounts advanced - 37,934
Amounts repaid (7,511 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,429 25,940

T Deller
Balance outstanding at start of year 26,000 (11,683 )
Amounts advanced - 37,683
Amounts repaid (8,723 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,277 26,000