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REGISTERED NUMBER: 14631451 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2023 TO 31 DECEMBER 2023

FOR

LIVINGWORKS LIMITED

LIVINGWORKS LIMITED (REGISTERED NUMBER: 14631451)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LIVINGWORKS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023







DIRECTOR: N Taylor





REGISTERED OFFICE: 2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 14631451 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

LIVINGWORKS LIMITED (REGISTERED NUMBER: 14631451)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,551

CURRENT ASSETS
Stocks 5 5,327
Debtors 6 40,703
Cash at bank and in hand 15,596
61,626
CREDITORS
Amounts falling due within one year 7 119,143
NET CURRENT LIABILITIES (57,517 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(55,966

)

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (56,066 )
SHAREHOLDERS' FUNDS (55,966 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 23 September 2024 and were signed by:





N Taylor - Director


LIVINGWORKS LIMITED (REGISTERED NUMBER: 14631451)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

LivingWorks 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
During the year under review, the company made a trading loss amounting to £56,066 and at the balance sheet date, the company had net current liabilities amounting to £57,517 and total assets less current liabilities amounting to £55,966.

The company meets its day to day working capital requirements with the support of its holding company and the board have taken this into account in their decision to prepare the company's accounts on a going concern basis.

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.
Computer equipment - 30% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

LIVINGWORKS LIMITED (REGISTERED NUMBER: 14631451)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,653
At 31 December 2023 1,653
DEPRECIATION
Charge for period 102
At 31 December 2023 102
NET BOOK VALUE
At 31 December 2023 1,551

5. STOCKS
£   
Finished goods 5,327

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 40,638
Other debtors 65
40,703

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,152
Amounts owed to group undertakings 115,041
Accruals and deferred income 1,950
119,143

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

9. RELATED PARTY DISCLOSURES

LivingWorks Limited is a wholly owned subsidiary of 2635515 Alberta Ltd, registered in Canada.

During the year stock acquired totalling £15,672 and royalties totalling £118,317 were payable to the Parent Company, 2635515 Alberta Ltd. At 31st December, 2023 the company owed 2635515 Alberta Ltd £115,041.

LIVINGWORKS LIMITED (REGISTERED NUMBER: 14631451)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

10. ULTIMATE CONTROLLING PARTY

The controlling party is 2635515 Alberta Ltd.

LivingWorks Limited is a wholly owned subsidiary of 2635515 Alberta Ltd.

The ultimate controlling party is 2635515 Alberta Ltd, registered in Canada.