IRIS Accounts Production v24.2.0.383 05370329 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053703292022-12-31053703292023-12-31053703292023-01-012023-12-31053703292021-12-31053703292022-01-012022-12-31053703292022-12-3105370329ns15:EnglandWales2023-01-012023-12-3105370329ns14:PoundSterling2023-01-012023-12-3105370329ns10:Director12023-01-012023-12-3105370329ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105370329ns10:SmallEntities2023-01-012023-12-3105370329ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3105370329ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105370329ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105370329ns10:FullAccounts2023-01-012023-12-3105370329ns10:OrdinaryShareClass12023-01-012023-12-3105370329ns10:Director22023-01-012023-12-3105370329ns10:Director32023-01-012023-12-3105370329ns10:CompanySecretary12023-01-012023-12-3105370329ns10:RegisteredOffice2023-01-012023-12-3105370329ns5:CurrentFinancialInstruments2023-12-3105370329ns5:CurrentFinancialInstruments2022-12-3105370329ns5:ShareCapital2023-12-3105370329ns5:ShareCapital2022-12-3105370329ns5:CapitalRedemptionReserve2023-12-3105370329ns5:CapitalRedemptionReserve2022-12-3105370329ns5:RetainedEarningsAccumulatedLosses2023-12-3105370329ns5:RetainedEarningsAccumulatedLosses2022-12-3105370329ns5:FurnitureFittings2022-12-3105370329ns5:ComputerEquipment2022-12-3105370329ns5:FurnitureFittings2023-01-012023-12-3105370329ns5:ComputerEquipment2023-01-012023-12-3105370329ns5:FurnitureFittings2023-12-3105370329ns5:ComputerEquipment2023-12-3105370329ns5:FurnitureFittings2022-12-3105370329ns5:ComputerEquipment2022-12-3105370329ns5:CostValuation2022-12-3105370329ns5:DisposalsRepaymentsInvestments2023-12-3105370329ns5:CostValuation2023-12-3105370329ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105370329ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3105370329ns10:OrdinaryShareClass12023-12-31053703291ns10:Director12022-12-31053703291ns10:Director12021-12-31053703291ns10:Director12023-01-012023-12-31053703291ns10:Director12022-01-012022-12-31053703291ns10:Director12023-12-31053703291ns10:Director12022-12-3105370329ns10:Director332022-12-3105370329ns10:Director332021-12-3105370329ns10:Director332023-01-012023-12-3105370329ns10:Director332022-01-012022-12-3105370329ns10:Director332023-12-3105370329ns10:Director332022-12-3105370329ns10:Director222022-12-3105370329ns10:Director222021-12-3105370329ns10:Director222023-01-012023-12-3105370329ns10:Director222022-01-012022-12-3105370329ns10:Director222023-12-3105370329ns10:Director222022-12-31
REGISTERED NUMBER: 05370329 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FIVE GO LIVE LIMITED

FIVE GO LIVE LIMITED (REGISTERED NUMBER: 05370329)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 9


FIVE GO LIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr N A Remzi
Mr A P Rogers
Mr D T Deans





SECRETARY: Mr A P Rogers





REGISTERED OFFICE: First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE





REGISTERED NUMBER: 05370329 (England and Wales)





ACCOUNTANTS: Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FIVE GO LIVE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Five Go Live Limited for the year ended 31 December 2023 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Five Go Live Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Five Go Live Limited and state those matters that we have agreed to state to the Board of Directors of Five Go Live Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Five Go Live Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Five Go Live Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Five Go Live Limited. You consider that Five Go Live Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Five Go Live Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE


17 September 2024

FIVE GO LIVE LIMITED (REGISTERED NUMBER: 05370329)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,996 1,401
Investments 5 - -
6,996 1,401

CURRENT ASSETS
Debtors 6 385,372 437,591
Cash at bank 492,278 470,358
877,650 907,949
CREDITORS
Amounts falling due within one year 7 672,863 688,507
NET CURRENT ASSETS 204,787 219,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,783

220,843

CAPITAL AND RESERVES
Called up share capital 8 801 801
Capital redemption reserve 200 200
Retained earnings 210,782 219,842
SHAREHOLDERS' FUNDS 211,783 220,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

FIVE GO LIVE LIMITED (REGISTERED NUMBER: 05370329)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





Mr N A Remzi - Director


FIVE GO LIVE LIMITED (REGISTERED NUMBER: 05370329)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Five Go Live Limited is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is First Floor North, 40 Oxford Road, High Wycombe, Buckinghamshire, HP11 2EE. The registered number is 05370329. The principal activity of the company is the provision of software solutions.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales-related taxes. Turnover represents net invoiced software license fee income, support and maintenance income and services income.

Software licence fee income is recognised in full on delivery of the licence and the issue of authorisation codes to activate the software. Support and maintenance income is deferred at the date of invoicing and released to the statement of comprehensive income over the duration of the maintenance contract. The balance of maintenance income not released to the statement of comprehensive income is carried in the balance sheet with deferred revenue. Services income is recognised in the month the services are performed.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings - straight line - 50%
Computer equipment - straight line - 50%

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.


FIVE GO LIVE LIMITED (REGISTERED NUMBER: 05370329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company contributes to defined contribution pension scheme arrangements on behalf of its directors and employees. Contributions payable are charged to the statement of comprehensive income in the period to which they relate.

Financial instruments
The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 16 ) .

FIVE GO LIVE LIMITED (REGISTERED NUMBER: 05370329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 9,436 66,463 75,899
Additions - 6,262 6,262
At 31 December 2023 9,436 72,725 82,161
DEPRECIATION
At 1 January 2023 9,436 65,062 74,498
Charge for year - 667 667
At 31 December 2023 9,436 65,729 75,165
NET BOOK VALUE
At 31 December 2023 - 6,996 6,996
At 31 December 2022 - 1,401 1,401

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 100
Disposals (100 )
At 31 December 2023 -
PROVISIONS
At 1 January 2023 100

Eliminated on disposal (100 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

The company's subsidiary undertaking was dissolved during the year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,283 139,900
Other debtors 326,089 297,691
385,372 437,591

FIVE GO LIVE LIMITED (REGISTERED NUMBER: 05370329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 26,589 85,942
Taxation and social security 66,353 42,917
Other creditors 579,921 559,648
672,863 688,507

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
801 Ordinary £1 801 801

9. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the statement of financial position amount to £9,296 (2022 - £51,679). These relate to commitments under operating leases falling due for payment over a period of up to one year and three months from 31 December 2023.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr N A Remzi
Balance outstanding at start of year - -
Amounts advanced 50,684 -
Amounts repaid (563 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,121 -

Mr D T Deans
Balance outstanding at start of year 35,700 -
Amounts advanced 780 35,700
Amounts repaid (1,400 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,080 35,700

FIVE GO LIVE LIMITED (REGISTERED NUMBER: 05370329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr A P Rogers
Balance outstanding at start of year - -
Amounts advanced 17,002 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,002 -

Interest has been charged on the loans at 2% per annum.