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REGISTERED NUMBER: 10104992 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Live Engineer Limited

Live Engineer Limited (Registered number: 10104992)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Live Engineer Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C E A Albin





REGISTERED OFFICE: Bennett House
The Dean
Alresford
Hampshire
SO24 9BH





REGISTERED NUMBER: 10104992 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Live Engineer Limited (Registered number: 10104992)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 3,000
Tangible assets 5 4,716 6,017
6,716 9,017

CURRENT ASSETS
Debtors 6 438 458
Cash at bank 51,440 87,098
51,878 87,556
CREDITORS
Amounts falling due within one year 7 13,259 44,404
NET CURRENT ASSETS 38,619 43,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,335

52,169

PROVISIONS FOR LIABILITIES 8 896 1,143
NET ASSETS 44,439 51,026

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,339 50,926
SHAREHOLDERS' FUNDS 44,439 51,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Live Engineer Limited (Registered number: 10104992)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by C E A ALBIN the director and authorised for issue on 8 October 2024 and were signed by:





C E A Albin - Director


Live Engineer Limited (Registered number: 10104992)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Live Engineer 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 invoiced sales of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance basis
Computer equipment - 33% reducing balance basis

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Live Engineer Limited (Registered number: 10104992)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023 7,000
Amortisation for year 1,000
At 31 March 2024 8,000
NET BOOK VALUE
At 31 March 2024 2,000
At 31 March 2023 3,000

During 2016 the company purchased the goodwill of the business Charlie Albin Live Sound for £10,000.

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 5,265 13,208 18,473
Additions - 957 957
Disposals (279 ) - (279 )
At 31 March 2024 4,986 14,165 19,151
DEPRECIATION
At 1 April 2023 4,129 8,327 12,456
Charge for year 275 1,946 2,221
Eliminated on disposal (242 ) - (242 )
At 31 March 2024 4,162 10,273 14,435
NET BOOK VALUE
At 31 March 2024 824 3,892 4,716
At 31 March 2023 1,136 4,881 6,017

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 23 135
VAT 270 -
Prepayments 145 323
438 458

Live Engineer Limited (Registered number: 10104992)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax - 13,682
VAT - 4,006
Other creditors - 758
Directors' current accounts 12,474 25,208
Accrued expenses 785 750
13,259 44,404

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 896 1,143

Deferred
tax
£   
Balance at 1 April 2023 1,143
Accelerated capital allowances (247 )
Balance at 31 March 2024 896

9. RELATED PARTY DISCLOSURES

Mr C E A Albin
Director

As at the balance sheet date, Mr C E A Albin, the sole director of the company, was owed a balance of £12,474 (2023: £25,208). This loan is given interest free and is unsecured.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C E A Albin.