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REGISTERED NUMBER: 09593515 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

GoTo Live Limited

GoTo Live Limited (Registered number: 09593515)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


GoTo Live Limited (Registered number: 09593515)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,054 8,479

CURRENT ASSETS
Debtors 5 64,804 67,407
Cash at bank 15,514 39,075
80,318 106,482
CREDITORS
Amounts falling due within one year 6 59,176 66,777
NET CURRENT ASSETS 21,142 39,705
TOTAL ASSETS LESS CURRENT LIABILITIES 30,196 48,184

CREDITORS
Amounts falling due after more than one year 7 (11,467 ) (20,067 )

PROVISIONS FOR LIABILITIES (2,264 ) (2,120 )
NET ASSETS 16,465 25,997

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,365 25,897
SHAREHOLDERS' FUNDS 16,465 25,997

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit & loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





Mr R D Esson - Director


GoTo Live Limited (Registered number: 09593515)

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

1. STATUTORY INFORMATION

GoTo Live Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09593515

Registered office: Ebenezer House
Ryecroft
Newcastle-under-Lyme
Staffordshire
ST5 2BE

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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 - 20% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & loss account, 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 2 (2023 - 2 ) .

GoTo Live Limited (Registered number: 09593515)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2023 - 37,565 37,565
Additions 4,120 1,054 5,174
At 31 May 2024 4,120 38,619 42,739
DEPRECIATION
At 1 June 2023 - 29,086 29,086
Charge for year 824 3,775 4,599
At 31 May 2024 824 32,861 33,685
NET BOOK VALUE
At 31 May 2024 3,296 5,758 9,054
At 31 May 2023 - 8,479 8,479

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,895 55,072
Other debtors 34,909 12,335
64,804 67,407

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,600 8,600
Trade creditors 817 2,137
Taxation and social security 47,459 53,537
Other creditors 2,300 2,503
59,176 66,777

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,467 20,067

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr R D Esson
Balance outstanding at start of year (174 ) 5,249
Amounts advanced 75,299 50,397
Amounts repaid (53,080 ) (55,820 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,045 (174 )

GoTo Live Limited (Registered number: 09593515)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Miss J Webb
Balance outstanding at start of year (178 ) 2,882
Amounts advanced 52,250 24,770
Amounts repaid (51,542 ) (27,830 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 530 (178 )