0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 63,572 63,572 277,693 277,693 115,000 115,000 115,000 xbrli:pure xbrli:shares iso4217:GBP 05889213 2023-01-01 2023-12-31 05889213 2023-12-31 05889213 2022-12-31 05889213 2022-01-01 2022-12-31 05889213 2022-12-31 05889213 2021-12-31 05889213 bus:Director2 2023-01-01 2023-12-31 05889213 core:NetGoodwill 2023-12-31 05889213 core:PlantMachinery 2023-12-31 05889213 core:WithinOneYear 2023-12-31 05889213 core:WithinOneYear 2022-12-31 05889213 core:ShareCapital 2023-12-31 05889213 core:ShareCapital 2022-12-31 05889213 core:RetainedEarningsAccumulatedLosses 2023-12-31 05889213 core:RetainedEarningsAccumulatedLosses 2022-12-31 05889213 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 05889213 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-12-31 05889213 core:Non-currentFinancialInstruments 2022-12-31 05889213 bus:SmallEntities 2023-01-01 2023-12-31 05889213 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05889213 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05889213 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05889213 bus:FullAccounts 2023-01-01 2023-12-31 05889213 core:PlantMachinery 2023-01-01 2023-12-31 05889213 core:NetGoodwill 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 05889213
LIVVY'S CONSULTANTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
LIVVY'S CONSULTANTS LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
6
115,000
Current assets
Debtors
7
1,516,624
878,109
Cash at bank and in hand
140,616
148,788
-------------
-------------
1,657,240
1,026,897
Creditors: amounts falling due within one year
8
4,245,753
3,687,108
-------------
-------------
Net current liabilities
2,588,513
2,660,211
-------------
-------------
Total assets less current liabilities
( 2,588,513)
( 2,545,211)
-------------
-------------
Net liabilities
( 2,588,513)
( 2,545,211)
-------------
-------------
Capital and reserves
Called up share capital
101
101
Profit and loss account
( 2,588,614)
( 2,545,312)
-------------
-------------
Shareholders deficit
( 2,588,513)
( 2,545,211)
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LIVVY'S CONSULTANTS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 23 September 2024 , and are signed on behalf of the board by:
M Pinon-Martinez
Director
Company registration number: 05889213
LIVVY'S CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, BN3 2DL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
Evenly over its estimated useful life of nil years
Goodwill is fully amortised
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
Straight line over 3 years
Plant and machinery assets are fully depreciated.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price. Debt instruments are measured at amortised cost.
4. Intangible assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
63,572
---------
Amortisation
At 1 January 2023 and 31 December 2023
63,572
---------
Carrying amount
At 31 December 2023
---------
At 31 December 2022
---------
5. Tangible assets
Plant and machinery
£
Cost
At 1 January 2023 and 31 December 2023
277,693
----------
Depreciation
At 1 January 2023 and 31 December 2023
277,693
----------
Carrying amount
At 31 December 2023
----------
At 31 December 2022
----------
6. Investments
Shares in participating interests
£
Cost
At 1 January 2023
115,000
Disposals
( 115,000)
----------
At 31 December 2023
----------
Impairment
At 1 January 2023 and 31 December 2023
----------
Carrying amount
At 31 December 2023
----------
At 31 December 2022
115,000
----------
7. Debtors
2023
2022
£
£
Trade debtors
80,636
80,720
Other debtors
1,435,988
797,389
-------------
----------
1,516,624
878,109
-------------
----------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
33,878
18,156
Trade creditors
530,783
506,155
Other creditors
3,681,092
3,162,797
-------------
-------------
4,245,753
3,687,108
-------------
-------------