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REGISTERED NUMBER: 04542734 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

LIVESEY SPOTTISWOOD LIMITED

LIVESEY SPOTTISWOOD LIMITED (REGISTERED NUMBER: 04542734)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LIVESEY SPOTTISWOOD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr A McMinnis
Mr J E Pendlebury
Mr D Hudd





REGISTERED OFFICE: 17 George Street
St Helens
Merseyside
WA10 1DB





REGISTERED NUMBER: 04542734 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

LIVESEY SPOTTISWOOD LIMITED (REGISTERED NUMBER: 04542734)

ABRIDGED BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,403 29,853
21,403 29,853

CURRENT ASSETS
Debtors 871,914 744,982
Cash at bank and in hand 31 84,726
871,945 829,708
CREDITORS
Amounts falling due within one year 380,678 379,544
NET CURRENT ASSETS 491,267 450,164
TOTAL ASSETS LESS CURRENT LIABILITIES 512,670 480,017

CREDITORS
Amounts falling due after more than one year - 28,998
NET ASSETS 512,670 451,019

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 511,670 450,019
SHAREHOLDERS' FUNDS 512,670 451,019

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

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

LIVESEY SPOTTISWOOD LIMITED (REGISTERED NUMBER: 04542734)

ABRIDGED BALANCE SHEET - continued
31ST DECEMBER 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd September 2024 and were signed on its behalf by:





Mr D Hudd - Director


LIVESEY SPOTTISWOOD LIMITED (REGISTERED NUMBER: 04542734)

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


1. STATUTORY INFORMATION

Livesey Spottiswood 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
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 represents amounts received or receivable for services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property improvements - Straight line over 13 years
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 24 ) .

LIVESEY SPOTTISWOOD LIMITED (REGISTERED NUMBER: 04542734)

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


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023
and 31st December 2023 1,134,000
AMORTISATION
At 1st January 2023
and 31st December 2023 1,134,000
NET BOOK VALUE

At 31st December 2023 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023 215,112
Additions 7,848
At 31st December 2023 222,960
DEPRECIATION
At 1st January 2023 185,259
Charge for year 16,298
At 31st December 2023 201,557
NET BOOK VALUE
At 31st December 2023 21,403
At 31st December 2022 29,853

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Between one and five years 13,068 18,876
In more than five years 286,650 283,800
299,718 302,676

LIVESEY SPOTTISWOOD LIMITED (REGISTERED NUMBER: 04542734)

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


7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 76,812 -
Bank loans 26,576 98,998
103,388 98,998

The bank loan and overdraft is secured by a fixed and floating charge over the assets, goodwill and book debts of the company.