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REGISTERED NUMBER: 07211767 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LIVETIME LEARNING LIMITED

LIVETIME LEARNING LIMITED (REGISTERED NUMBER: 07211767)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIVETIME LEARNING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: M J Turner
Mrs B C Mitchell-Turner





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 07211767 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

LIVETIME LEARNING LIMITED (REGISTERED NUMBER: 07211767)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,742 59,672

CURRENT ASSETS
Debtors 5 36,771 8,891
Cash at bank 336,419 456,736
373,190 465,627
CREDITORS
Amounts falling due within one year 6 60,877 126,755
NET CURRENT ASSETS 312,313 338,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

358,055

398,544

PROVISIONS FOR LIABILITIES 11,435 14,918
NET ASSETS 346,620 383,626

CAPITAL AND RESERVES
Called up share capital 25 25
Capital redemption reserve 75 75
Retained earnings 346,520 383,526
346,620 383,626

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

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

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 the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





M J Turner - Director


LIVETIME LEARNING LIMITED (REGISTERED NUMBER: 07211767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Livetime Learning 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.

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 sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

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% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystalline based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

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 7 (2023 - 6 ) .

LIVETIME LEARNING LIMITED (REGISTERED NUMBER: 07211767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 137 153 60,073 10,685 71,048
Additions - - - 2,639 2,639
At 31 January 2024 137 153 60,073 13,324 73,687
DEPRECIATION
At 1 February 2023 68 114 2,696 8,498 11,376
Charge for year 34 39 15,019 1,477 16,569
At 31 January 2024 102 153 17,715 9,975 27,945
NET BOOK VALUE
At 31 January 2024 35 - 42,358 3,349 45,742
At 31 January 2023 69 39 57,377 2,187 59,672

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT - 6,297
Accruals 30,000 -
Prepayments 6,771 2,594
36,771 8,891

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 210 8,202
Tax 6,306 15,177
Social security and other taxes (2,092 ) 1,877
VAT 2,829 -
Other creditors 697 3,237
Directors' loan accounts 7,927 18,260
Accruals and deferred income 45,000 80,002
60,877 126,755

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, M Turner decreased his loan to the company. As at 31 January 2024, the company owed him £7,927 (2023: £18,260). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

Also during the year, the company paid the director's rent amounting to £1,208 each (2023: £1,191) as a result of utilising office space within their home.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Turner.

This was by virtue of his 52% holding of the issued share capital.