Registered number
03815201
Livewire Voice & Data Communications Limited
Report and Accounts
31 January 2024
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Livewire Voice & Data Communications Limited
Registered number: 03815201
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 50,005 10,569
Current assets
Stocks 4,533 618
Debtors 4 3,445,458 3,396,413
Cash at bank and in hand 91,538 25,252
3,541,529 3,422,283
Creditors: amounts falling due within one year 5 (243,646) (210,288)
Net current assets 3,297,883 3,211,995
Total assets less current liabilities 3,347,888 3,222,564
Creditors: amounts falling due after more than one year 6 (26,650) -
Provisions for liabilities (12,532) (2,008)
Net assets 3,308,706 3,220,556
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 3,307,706 3,219,556
Shareholders' funds 3,308,706 3,220,556
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E P De Vries
Director
Approved by the board on 2 August 2024
Livewire Voice & Data Communications Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 22,807 56,807 79,614
Additions 1,906 52,598 54,504
Disposals (8,427) (29,259) (37,686)
At 31 January 2024 16,286 80,146 96,432
Depreciation
At 1 February 2023 16,147 52,898 69,045
Charge for the year 1,835 11,051 12,886
On disposals (8,305) (27,199) (35,504)
At 31 January 2024 9,677 36,750 46,427
Net book value
At 31 January 2024 6,609 43,396 50,005
At 31 January 2023 6,660 3,909 10,569
4 Debtors 2024 2023
£ £
Trade debtors 147,114 76,381
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,977,222 2,977,222
Other debtors 321,122 342,810
3,445,458 3,396,413
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 15,793 -
Trade creditors 12,120 28,713
Amounts owed to group undertakings and undertakings in which the company has a participating interest 118,702 118,702
Corporation tax 19,361 -
Other taxes and social security costs 32,522 36,011
Other creditors 45,148 26,862
243,646 210,288
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 26,650 -
7 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned/connected subsidiaries.
8 Controlling party
The company is 100% owned by Livewire Integrated Services Limited, a company incorporated in the UK. 
The ultimate controlling company is Shilling Trading Limited, a company incorporated in the UK. 
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