Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseEvent planning44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13276333 2023-01-01 2023-12-31 13276333 2022-01-01 2022-12-31 13276333 2023-12-31 13276333 2022-12-31 13276333 c:Director1 2023-01-01 2023-12-31 13276333 d:CurrentFinancialInstruments 2023-12-31 13276333 d:CurrentFinancialInstruments 2022-12-31 13276333 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13276333 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13276333 d:ShareCapital 2023-12-31 13276333 d:ShareCapital 2022-12-31 13276333 d:RetainedEarningsAccumulatedLosses 2023-12-31 13276333 d:RetainedEarningsAccumulatedLosses 2022-12-31 13276333 d:RetirementBenefitObligationsDeferredTax 2023-12-31 13276333 d:RetirementBenefitObligationsDeferredTax 2022-12-31 13276333 c:FRS102 2023-01-01 2023-12-31 13276333 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13276333 c:FullAccounts 2023-01-01 2023-12-31 13276333 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13276333









AP LIVE LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
AP LIVE LTD
REGISTERED NUMBER: 13276333

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
55,634
80

Cash at bank and in hand
  
212,469
246,490

  
268,103
246,570

Creditors: amounts falling due within one year
 5 
(147,436)
(177,458)

Net current assets
  
 
 
120,667
 
 
69,112

Total assets less current liabilities
  
120,667
69,112

  

Net assets
  
120,667
69,112


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
120,666
69,111

  
120,667
69,112


Page 1

 
AP LIVE LTD
REGISTERED NUMBER: 13276333
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A Parmee
Director

Date: 27 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
AP LIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The principal activity of AP Live Ltd is that of event planning.
The Company is a private company, limited by shares, and incorporated in England and Wales.
The Company's registered office address is New Cambridge House, Litlington, Royston, Hertfordshire, SG8 0SS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
AP LIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
AP LIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Page 5

 
AP LIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties. 
(i) Financial assets 
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. 
(ii) Financial liabilities 
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. 


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Debtors

2023
2022
£
£


Trade debtors
47,651
-

Other debtors
7,873
27

Deferred taxation
110
53

55,634
80


Page 6

 
AP LIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
30,571
71,136

Amounts owed to group undertakings
83,825
72,236

Corporation tax
16,068
22,339

Other taxation and social security
13,271
9,088

Other creditors
1,661
909

Accruals and deferred income
2,040
1,750

147,436
177,458



6.


Deferred taxation




2023


£






At beginning of year
53


Charged to profit or loss
57



At end of year
110

The deferred tax asset is made up as follows:

2023
2022
£
£


Pension surplus
110
53

110
53


7.


Controlling party

The immediate controlling party is Absolute Audio Visual Solutions Limited of: New Cambridge House Bassingbourn Road, Litlington, Royston, Herts, SG8 0SS.
The ultimate controlling party is A Parmee, by virtue of his shareholding in the parent company.

 
Page 7