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Registered Number: 12838005
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 August 2023

for

LIVCITY LIVING LTD

  2023   2022
    £ £   £ £
Fixed assets   539,813      391,359 
Current assets 5,308      44,523   
Prepayments and accrued income 2,100       
Creditors: amount falling due within one year (644,619)     (662,920)  
Net current assets   (637,211)     (618,397)
Total assets less current liabilities   (97,398)     (227,038)
Creditors: amount falling due after more than one year   (316,314)     (107,486)
Net assets   (413,712)     (334,524)
 

         
Capital and reserves   (413,712)     (334,524)
 
NOTES TO THE ACCOUNTS

General Information
Livcity Living Ltd is a private company, limited by shares, registered in England and Wales, registration number 12838005, registration address The Stables Garnetts Lane, Tarbock Green, Prescot, Merseyside, L35 1QN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Reducing Balance
Land and Buildings 2% Straight Line
2.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 September 2022 395,606    4,693    400,299 
Additions 157,869    2,985    160,854 
Disposals    
At 31 August 2023 553,475    7,678    561,153 
Depreciation
At 01 September 2022 7,912    1,028    8,940 
Charge for year 11,070    1,330    12,400 
On disposals    
At 31 August 2023 18,982    2,358    21,340 
Net book values
Closing balance as at 31 August 2023 534,493    5,320    539,813 
Opening balance as at 01 September 2022 387,694    3,665    391,359 


3.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 30 August 2024 and were signed by:


--------------------------------
Mr S Brady
Director
1